If you ask any homeowner who is currently adding on to their home, they will probably give you a different explanation for why they want to do so. There is no one-size-fits-all reason to increase the size of your home.

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Among the most common explanations are:

Family expansion:

When a family decides to move into a multigenerational home or has another child, many home addition projects begin.

Increasing the value of a home:

Getting a home office: Larger homes are generally thought to be more desirable and can be more expensive.

If you work from home, you might want to buy a room just for that purpose. One of the few ways to turn an expansion into a tax break for you is in this way.

As a splurge:

Sometimes, people want to make more space in their homes because they've always wanted a room just for them. Who wouldn't wish to have their very own hobby room?

Keeping up with the community:

Face the facts. Being the tiniest house on the block is not what anyone wants. You might feel the pressure to expand if everyone else is doing so as well.

Why Should You Expand Your Home?