5 signs you're ready for an addition to your home Three years ago, you shopped for your dream home. With three young children, you decided it was time that each of them had a separate bedroom. You also wanted a home with more bathrooms so you and your spouse didn’t have to share a bathroom with any of the kids.

At the time, you also wanted a much larger dining room and a much larger living room than you had in the home that you lived in in 2012. You wanted these larger rooms because you were climbing the ladder at the office and in the community. You were meeting a lot of people and wanted the option of impressing them, strengthening your relationships with them, hosting parties with at least 10 people, and conducting business if you had to in a comfortable environment.

You also had dreams of making it on your own. So did your spouse. You both wanted a home office where the two of you could work in privacy in a home-based business. In the meantime, you wanted an office where you could work for your employer on occasion rather than deal with the bumper-to-bumper traffic five days a week.

You thought your dream would be fulfilled as you began shopping for your new home. Then, you encountered the real estate market. Prices were low when you bought your first home. You expected your second home would be more expensive, but you experienced “sticker shock” as you shopped. The homes were just too expensive for your budget. You would probably be approved for a loan to buy an expensive home, but you preferred putting down a large down payment rather than incurring a debt that would hinder your lifestyle.

So you “settled.” You bought a house that was significantly larger than your first house. It is in a much better neighborhood so the schools are better than the schools in your old neighborhood. You have a large back yard for the kids and barbecues. Your kids had to play at their friends’ homes previously. You have a separate garage for your two cars. Previously, you had to park on the street.

But the house is not your dream house. It’s just not big enough. You have no home office. Your living room and dining room are too small. Your two sons still sleep in the same room.

It’s now 2015. You’re too satisfied with the neighborhood, the schools, your new friends, and, frankly, the home itself to buy a new home. You are, though, thinking about building an addition to your home because your property is large enough to accommodate an addition. Should you? Here are five signs that you should, in fact, build an addition to your home.

1. You Don’t Need A Loan: Since 2012, your income and your spouse’s income has increased significantly. You don’t want the hassle of selling this home and buying another, but you have the money to build an addition to your home. You might have to give up a family vacation or two, but the money is there in the bank. Besides that, you anticipate that you will be getting a promotion soon. You feel like you’re wealthy for the first time in your life.

2. You Do Need An Office: While you are on the verge of getting a promotion, your spouse has decided to take the plunge and start his own business. He’s not ready to quit his job so income isn’t a concern, but he has made enough contacts in the business world to be confident that he can succeed on his own. His plan is to work 40 hours weekly for his current employer in the near future and work another 20 hours weekly on his new business. He needs complete privacy when he comes home from work to make his new business work.

3. Your Kids Need More Indoor Space: Three years ago, you wanted your kids to have separate bedrooms. Now, you need them to have separate bedrooms. They’re teenagers now and they just can’t live together anymore. They’re always arguing. Besides, you want each of them to have separate desks so they can study and work in peace when they want to. You want them to go to a good college — and get an academic scholarship. You think their grades will improve if they have separate bedrooms.

4. Your Kids Need Less Outdoor Space: Three years ago, the kids played in the back yard nearly every day. They played touch football with friends, played catch with their father, and played the kinds of games that preteens play. Now, they’re no longer interested in kids’ games. In their free time, they play sports at their high school gym and fields instead. And they have post-school sports commitments as well. Consequently, your family no longer needs a big back yard. That space can be used instead for an addition to your home.

5. You’re Rarely Asked To Host Events: When you moved into your house in 2012, you periodically hosted dinners and meetings in your living room and dining room. It seemed like you and your spouse took turns as the co-hosts of gatherings attended by your office colleagues and friends you associate with in the community. Perhaps, your colleagues and friends were being polite because you were new homeowners. Today, some of your office colleagues and friends host dinners and meetings at the suggestion of their colleagues and friends. Those with smaller dining and living rooms, including you and your spouse, don’t. Perhaps, it’s time to convert your dining room into part of a two-room living room and build a large dining room in the addition to your home.

Three years ago, you looked for your dream home, but couldn’t afford it. You were disappointed at the time, but the consolation home that you bought can now be your dream home if you build an addition to it.

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