This regularly-scheduled sponsored Q&A column is written by Will Wiard, Arlington-based real estate broker, voted one of Washington’s Best Realtors of 2015 by Washingtonian. Please submit your questions via email.
Q: I see a lot of houses in Arlington County with room additions. I’m trying to decide whether it’s better to move to a larger house or renovate/add to my existing home. We like our neighborhood and would prefer to stay; however, I don’t know how to determine whether it’s cost effective to renovate. From my understanding of the process, an appraiser won’t give an estimated value until the architectural drawings are complete. But, I’m trying to avoid a situation where I pay for architectural drawings for a job that turns out to be impractical (say only 50 percent of reno costs added to value).