Even if you have no plans to sell anytime soon, consider the resale value of your project. You might not always turn a profit on your home-expansion investment, but you should go into the job with realistic expectations about at least some kind of payback.

Because they're among the most expensive home projects, additions sometimes return less on your investment than remodels. If you're significantly adding to the square footage of your home or adding important types of rooms, such as bedrooms and bathrooms, your investment may pay off considerably.