Jozogo asked:


We are currently considering building an addition on our home but go back and forth with whether it would be better to just move. We are looking at converting an existing attached 2 car garage into a large rec room and building a new 2-car garage in front of the old one. We have the available space to do this. We’re also thinking about remodeling the kitchen at the same time and building a full bathroom (we currently have a half bath that would then become a walk-in pantry and/or coat closet? We don’t have a basement.

The next step up in homes in the area that might have a basement and are about 15-20 years newer than our current home are about $100k-$250k more in price.

It might also be noteworthy that we currently have a 5% 30-year mortgage with equity available for a home equity loan.

GILBERTO