If you must construct new space, ask yourself the following questions:
* Can I finance the home improvement with my own cash or will I need a loan?
* How much equity is in the property? A fair amount will make it that much easier to get a loan for home improvements.
* Is it feasible to expand the current space for an addition?
* What is permissible under local zoning and building laws? Despite your deep yearning for a new sunroom or garage, you will need to know if your town or city will allow such improvements.
* Should I make the improvement myself or hire a contractor?