Oct 20, 2014 in Homeowner . 0 Comment
Often, the need for increased space or the desire for extra amenities dictates whether or not homeowners add on to their property. However, there are other things to consider when making your decision. Look at these issues thoroughly before committing to a major remodel.
It May Not Be a Good Investment
Know that when you make major changes to a house, you are changing the property’s value. A good rule of thumb is to keep improvements consistent with other homes in your neighborhood. An upscale bath with a walk-in shower won’t net you a good return if you’re the only one in your neighborhood who has one.
Remember that if the improvements do raise your home’s value, you’ll be subject to higher taxes. In other words, your initial investment isn’t the only thing you’ll be paying out. Heating and cooling costs can also rise considerably, depending on the size of your addition and the materials used.