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Buying Land and New Construction >Buying New Or Adding On Homeowners should consider several questions before making the choice between adding on to an existing home or moving up in the market to a bigger house. How much money do you have available for remodeling your current house? How much additional space do you require? Is there room to expand on the ground level or will the foundation of your present home support a second floor? What will the local zoning and building ordinances permit? How much equity do you have in the property? Are there affordable properties for sale that would satisfy your housing needs? Consider your neighborhood--it makes more sense to add on to a smaller house than to over-improve the largest home in the area. Your decision should ultimately be based on your individual needs, the extent of the work involved and which features will add the most value. According to industry experts, buyers are always excited by state-of-the art kitchens and bathrooms. See All Tips In The "Buying Land and New Construction" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What is the most expensive piece of property ever recorded? A  In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot. See More Real Estate Trivia >