The potential to build a home addition or to construct a new building on your property depends on zoning bi-laws and permits. Before you consider these expensive projects, make sure to evaluate them using the most up-to-date information on the real estate market. Consider your home’s current market value, and then add the cost of the addition. If you intend to sell, you must be able to accurately estimate what the total project will cost upon completion. If, however, the motive is to gain space, you may find it less costly to forgo the renovations in favor of a redesign. A needs assessment evaluation will quickly determine if the square footage you own will accommodate new plans.mg