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What are the pros and cons of adding on or buying new?
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When it comes to the decision whether to add to an existing structure or to move and buy a different home every situation is different. But here are some thoughts that can help you find the answer to this question..
► Is there room on the property to expand the existing structure?
► Is there FAR available to your property to build a larger house?
► Is the old structure functionally obsolete and tearing it down and building new would make economic sense?
► Have you thought about the commission expenses you will incur when selling your existing home?
► Would you rather live in a different area of Aspen and selling and buying new would get you into that area?
► Are you willing to put up with living on a construction site for an extended period of time?
► Are you comfortable dealing with the building process and if it is only deciding who to lead the project?
► Are you living in a desirable are and there is no other house that you would want to buy?
► Is school district an issue?
► Is this your primary residence and you know the community and don’t want to move? |
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