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Home Improvement, Design, and Decorating
Reply to "Go Small or Big on Home Addition?"
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[quote=Anonymous][quote=Anonymous]This is OP. There are houses of every size in our neighborhood, from our cottage with 3 small bedrooms, to ones with massive additions, and brand new houses with 5/6 bedrooms. For us to move, not including closing costs, selling our house, etc, it would be around $150-200K more in house, and we would still end up doing the work. [b]Of course, paying for it all is another issue[/b].[/quote] Look at how much it is going to cost you in the long run. If you get a HE loan or line of credit you will end up paying significantly more for the project in interest - is that worth it to you? And - the final price will end up costing much more than you think it will - and even more than the piece-meal quotes you are getting right now. Do you have a basement or other room you can use as a family room? I read somewhere recently that the rate of return on family room additions isn't as much as you think. I would think for your money the bigger bang for your buck would be in adding the second bathroom to the house from an investment standpoint. [/quote]
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