What it costs to add-on to a home in 2021
When someone is considering making their home bigger, chances are they have been considering adding an addition to the home. However, with the current economy it’s surprising to see the current costs.
The cost of a home addition will ultimately depend on the area someone lives in, the desired size of the room, and the current costs of materials and labour in the area. However, generally speaking the average cost to add a room to a home is between $22,500 and $74,000.
The average cost per square foot is about $86 to $208 which again depends on the above-mentioned factors. It’s also important that the type of room can also make a difference in price depending on if someone is looking to add a garage, bathroom, family room etc.
From the basics to luxury
When going through the process of an addition, the requirements also matter. If someone is looking for a basic room with standard fixtures, windows, and walls, it will be a lower price. On the contrary, by adding plumbing, high-end fixtures, or luxurious designs, the price will rise quickly.
Adding a second story
If you live in a ranch style home and are looking to add another floor, you can expect a much bigger price tag. This is obviously due to the fact that you are building an entirely new house on top of your current home. Luckily, your existing home will act as the foundational support but you will still need framing, walls, roofing, electrical, plumbing etc.
The estimated cost to add a second story onto your home is about $100,000 to $350,000 with an approximate average of $100 to $300 per square foot.
Costs you may not have considered
Considering adding on an addition comes with the assumption you will have to pay for labour, materials, and so on. However, there may be a few additional costs you may not have thought of. These additional costs can consist of the need for permits, hiring an architect, preparing the site for excavation or demolition, the need for foundation, final cleanup, and more.
To be well aware of what your final costs would be it’s important to contact a contractor and obtain a full estimate with all of these costs included to determine if adding an addition is right for you.
If adding an addition seems like it may be too much of a hassle or simply isn’t in the budget, perhaps moving into a larger home is the next best choice. Begin your search with Detroit houses for sale for large houses that won’t require you to build an addition.
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