Sell or stay and renovate? This has always been owners’ question. Find out if you can still stay or you really need to move out.


Tip: Housing economist Robert Sheehan, president of Regis J. Sheehan and Associates in Woodbridge, Va., says the best place for a family to start their evaluation is with the physical layout of their existing property. Many communities put limits on how big a house can be in relation to its plot of land. “A number of homes are already being built to the dimensions of what can be done,” Sheehan says. If your house is as large as it can be, planning an addition would be out of the question; you will need to either work within your existing footprint or move. On the other hand, simply because you are able to expand your home doesn’t mean it is a good financial move. –

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