Low interest rates and tax breaks are just two the reasons to dust off the blueprints for that home remodeling project you have postponed. Remodeling is also less expensive than the alternative, which is moving. "For many homeowners, it makes more sense to add on than move on," says Jamie Parash of the National Association of Remodeling Industry. "They can fiancé the remodeling with the equity in their home, avoid taking on a larger first mortgage, skip the expense of moving and keep their kids in the same school."