Re-Purposing and Saving Space
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| 19 |
Spending a lot of money to re-purpose a room will not necessarily make your home more valuable. Converting a mudroom into a first floor laundry room may not spell 
value to prospective buyers. However, adding organized storage cabinetry and shelving can create added space in a home. The addition of storage and living space will certainly meet with approval. Whether or not you have plans to sell your home in the immediate future, it is not advisable to proceed with a project without considering if it will add value.
Is that home addition necessary?
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| 19 |
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
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