Buying a Bigger Home vs Putting On an Addition

Kenneth Smith

Thinking of adding more space for you and your family? We cover what you need to keep in mind.

Considering adding more square footage with an addition on your existing home? Keep the following things in mind when planning:

Know the Rules - Each city, town, and village has height restrictions, building lines, design covenants, and historic district preservation requirements.

Plan Positively and Expand Efficiently - Consider building materials. Matching existing surfaces and textures could get pricey and may not flow together correctly. Check out reengineered and new release materials for new ideas and ways to save money.

Stay in Scale - When adding square footage, consider the properties around yours. Adding square footage doesn’t always mean adding value to your home. Consult a real estate professional and a market specialist to make sure your investment will have a solid return.

Considering adding square footage by purchasing a bigger home? Keep these thoughts in mind when weighing the pros and cons:

What's Your Worth? - Having a real estate professional give you advice on what your property is worth can allow you to make a sound decision on what is best for you and your family.

Interest Rates - Current rates are at an all-time low. It may be worth purchasing a bigger property after a long term cost analysis of interest rates on your current and potentially new mortgage.

Market Condition - Is the neighborhood you want to move to a “Seller’s Market” or a “Buyer’s Market”. Knowing the market conditions can help you make an informed decision.

About Kenneth

Kenneth was born and raised in Buffalo, NY, where he lives with his wife and three children. He attended Kenmore West High school and has a Bachelors from the University at Buffalo. He owns two businesses in the City of Buffalo and is one of the co-founders of Buffalo First Realty Group, with a total of 16 agents transacting real estate throughout Western NY.


Want to write for our blog? 

Submit Your Article

What to Read Next

The Listing Appointment Playbook

The Listing Appointment Playbook

When it comes to winning listing appointments, are you dancing in the end zone or fumbling the ball? A winning team starts with a great game plan, and so do successful agents.  Download The Listing Appointment Playbook for your all-in-one guide to score more seller clients and streamline your listing appointment process.
Download

Information Required

Thanks for your interest in our awesome content!
Just fill out your information below to access this page.

I am a(n)*