ASK THE EXPERT SHould I Add on To mY cuRREnT HomE oR buY A bIggER onE? If you like your current location, you should find out how much it would cost to add that extra room, garage, office, space, etc. Be sure to check with a licensed contractor, who will check with the city or county for zoning requirements and make sure that you don’t exceed the buildable area on your lot. Also, make sure that an addition would be approved by the architectural committee of your homeowner’s association if your neighborhood has one. Investigate other recently sold properties in your area to find out the current value of your home or call a Realtor for a comparative market analysis. It just might be that an addition would price you out of the neighborhood. If other properties in your area are similar in size, then adding square footage might make yours overpriced if and when you sell at a future time. Another thing to consider is the interest rate that you now pay compared to the current interest rates, which are at an all-time low. Have your Realtor show you properties that meet your requirements so that you can make an informed decision about whether renovating or moving is right for you. For all your residential real estate needs contact Jamie Younger who is consistently in the top 1% in the nation in real estate sales. With over 30 years of experience she can help you make your move today. Jamie Younger (804) 287-4666