REAL ANSWERS

Q.: We are running out of space in this house and are trying to decide between adding on to it or buying a new home. Which makes more sense?

A.: Homeowners should consider several questions before making a choice between adding on to an existing home or moving up to a bigger house.

--How much money is available, either from cash reserves or through a home improvement loan, to remodel the current house?

--How much space is required? Would the foundation support a second floor or does the lot have room to expand on the ground level?

--What do local zoning and building ordinances permit?

--How much equity already exists in the property?

--Are there properties for sale that would satisfy housing needs?

Ultimately, the decision should be based on individual needs, the work involved and what will add value.

According to the “Cost vs. Value Report,” published annually by Remodeling Magazine, among the hottest improvement projects in 1993 were family room remodels and master bed-bath suites. Growing families made bedroom additions more popular than ever, the report states.

Also, consider limitations of your neighborhood. It makes more sense to add on to the smallest house than to further improve the largest one.

For a free copy of “The Most Common Questions and Answers About Improving Your Home Without a Hassle,” call Times Line at 808-8463, press star 2500 at the prompt.