This is a guest post by
Erick D. Smith is a blogger living in San Diego who writes about home construction and remodeling. To get a more accurate estimate from one of San Diego’s expert home construction firms, click here.
A second story addition can be a great way to increase the spaciousness of your home, raising its value and giving your growing family the room it needs. Undertaking the project, however, is no small thing. It can be very costly, depending on the size of your house, and regardless of size, it will involve a lot of planning, time, and hard work. Making a thorough cost analysis and creating a realistic budget will make the whole process a whole lot easier and will help you avoid overspending. To help get you started thinking about and planning your second story addition, here is a brief breakdown of the costs that will be involved.
Important Things to Consider
• City and County Requirements – Before you get started on the logistics of the project, it’s important to do some research into the region’s second story addition regulations. Every city and county has its own set of rules regarding how much square footage you’re allowed to add to your home. This is usually based on the amount of land you have. Using San Diego as an example, a good place to find the information you need is the sandiego.gov construction permits page.
Temporary Housing – A lot of contractors will recommend that you live somewhere else, temporarily, while your house is being remodeled. This is a good idea, as it will be more comfortable for you as well as safer, so start thinking of a good place where you might stay before beginning your project. The cost of alternative temporary housing is something you should definitely calculate into your budget.
• Contractors – Even if you opt to do as much of the managerial work as possible yourself, there’s no getting around the cost of skilled subcontractors. About 30 – 40 percent of your budget is likely to go towards contract work. The average cost for contractors when adding a second floor to your home is usually between $70 and $150 per square foot.
• Structural Engineer – When you’re looking for home construction services, be sure to look for a good structural engineer in your area. This is someone who will be able to inspect your home and determine whether the existing foundation will support a second story addition, or whether additional foundation work will be required.
• Architect – An architect is an important part of a successful second story addition project. He or she will be needed to create a blueprint of the project and an accurate set of plan drawings. The cost of an architect depends on the size and complexity of the project, and will either be a flat fee or a 5 to 15 percent commission.
Effect on Your Home Value
Adding a second story to your home will lead to a reassessment of your property taxes. This means that they’ll probably increase, but in most areas the reassessment will only be of the second story addition, not of the whole house. The overall value of your home will increase significantly, but keep in mind that utility bills are also likely to go up.