The Upside of Not Moving-Up

When a family is not able to find that perfect move-up home, some will re-invest in their current home. If they like their neighborhood, schools and friends, some homeowners are opting to expand their current home by finishing a basement, building an addition or re-configuring the floor plan. In many cases, luxury amenities are being included because expanding can be more cost-effective than buying new. The longer-term upside is that once the kids are grown and moved out, the home may be a manageable space with a paid off mortgage.