What should I consider once I decide to add on?

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If you must construct new space, ask yourself the following questions:

Can I finance the home improvement with my own cash or will I need a loan?

How much equity is in the property? A fair amount will make it that much easier to get a loan for home improvements.

Is it feasible to expand the current space for an addition?

What is permissible under local zoning and building laws? Despite your deep yearning for a new sunroom or garage, you will need to know if your town or city will allow such improvements.

Should I make the improvement myself or hire a contractor?