Executive Remodeling: Is It Cheaper to Add On or Build Up?

House additions are the most cost-effective way of achieving the perfect home. However, once deciding to embark on a home addition journey, the question becomes whether it is better or more cost-efficient to build up or build-out. The answer to this depends on many factors, says St. Louis Park industry experts, Executive Remodeling. This article will cover the pros and cons of each so that homeowners can weigh their options in home additions and ask good questions when they discuss their needs with their home renovation company.

Top Reasons to Expand an Existing Home

Home additions are significant projects with many considerations. So, what are the top reasons homeowners consider them?

There are good reasons to stay in the neighborhood, such as excellent schools and proximity to work.
The home no longer meets the needs of the occupants
There is underutilized space
The property is large enough to accommodate a build-out
The structure can accommodate building up
Other homes in the area have also performed renovations or additions in keeping with the planned home addition.
There is a budget for home renovations

Is it Cheaper to Build Up or Out for House Additions?

Many factors impact the cost of room additions, such as the type of rooms, plumbing, building condition, and more. However, it is generally more cost-effective to build up than to build out for home additions.

How Much Do Room Additions Cost?

The average cost of a home addition in Minnesota for standard-grade construction varies. Still, prices can go much higher depending on many factors, including the type of room, location, and more.

Costs of Building Up

Building up is almost always the least expensive option in house additions. Adding square footage by adding a second story frequently requires less material and labor. For example, suppose you have a 1,500 sq. ft. home and want to add a 1,500 sq. ft. second-story addition. In that case, it only requires framing, electrical, and labor, while building out requires extra costs, including footings, concrete, and more.

Pros and Cons of Adding a Second-Story Room Addition

As with any build, a second-story room addition has advantages and disadvantages.

PROS

It can be more cost-efficient
It takes up less yard space
Adding a second story can increase the home value
Building up requires fewer materials

CONS

There is a need to create space for a staircase
There may be restrictions on building up
Building up may involve more disruption to living space

Pros and Cons of Building Out for Home Additions

Here are the top advantages and disadvantages of building out for home additions.

PROS

It is easier to live in the space during building
It makes it easier to add design features to accommodate aging-in-place or mobility issues
Only limited to lot size expansion

CONS

Building out will consume yard space
Zoning or HOA rules may limit the size of the build
It requires additional costs for a new foundation, site preparations, and more.

Factors that May Impact House Addition Decisions

Before embarking on significant home improvement projects such as an addition, it is important to talk to an expert home renovation company to discuss the options and what each involves. Here are some factors that may help make the decision easier.

Consider which build will fit the age of the people living in the structure. For example, stairs may be challenging for those with mobility issues.
Zoning issues might make the decision clear with restrictions on required yard size or whether a second or third story is permissible.
How much yard space is left after a build may also be a factor if a build interferes with other plans, such as space for animals, a garden, a shed, or other features.
Building out may mean being in closer proximity to neighbors and less privacy.

Minneapolis-St. Paul Home Remodeling Services

There are many variables in the cost of home additions. One of the most important factors is working with a general contractor that will help provide a wide array of options that can help control costs, such as Executive Remodeling.

Executive Remodeling, located in St. Louis Park, is a full-service home renovation company with nearly 20 years dedicated to industry expertise. Connect with the team by calling (612) 230-1561 to schedule a free consultation.