Adding a second story to your home can be a great way to increase both the value of your house and the living space available to you. But there’s no denying that it’s a major endeavor that requires a substantial financial investment. If you’re considering adding a second story to your house, read on for an overview of the cost of doing so.
Unboxing the Cost of Adding a Second Story
The cost of a two-story addition depends on a variety of factors, such as the size of the addition, the quality of the materials used, the complexity of the project, and the location of your home. On the low end, you’re looking at a number in the range of $90 to $150 per square foot. On the high end, the same project could cost up to $250 per square foot. In most cases, you can expect to be looking at a price tag of around $125 per square foot.
The total cost of your project can also be affected by any zoning or building code regulations in your area. Building code requirements vary from municipality to municipality, so make sure to speak with a local builder to get an estimate on the cost of meeting any local regulations.
Soaring to a Higher Level Without Breaking the Bank
The good news is that there are ways to keep the cost of your project within a reasonable budget. For example, planning for a simple foundation and roof design can help keep your costs down. It’s also important to consider the materials you use for the exterior of your addition. Sticking to materials that are easy to install and maintain will save you money long-term. Additionally, depending on the complexity of your project, it may be worth it to do some of the work yourself.
It’s also a good idea to look into local grants, assistance programs, and tax credits that could help make your two-story addition more affordable. These programs are designed to encourage homeowners to make improvements to their homes, and can help you get the most value out of your money.
Adding a second story to your home can be an expensive endeavor, but with a bit of planning and foresight, it’s possible to make your dream of a two-story home a reality. With a clear budget in mind and a willingness to ask for help, you can begin the process of adding a second story to your home without breaking the bank.