Easy steps to create a color palette
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What is a color palette?
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Don’t overspend on growth marketing without good retention rates
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What’s the ideal customer retention rate?
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Next steps to increase your customer retention
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Introduction
As you go through life, you’ll need your home to reflect your current and future needs. Whether it’s adding an extra bedroom for your growing family or making modifications to make your home more accessible as you age, the question of home addition cost might be weighing on your mind.
At Stinnett Construction, we’re the leading home addition contractor in Reno, Nevada, with over forty-five years of experience in luxury home additions. The guide below will help you estimate the price of home addition projects and suggest options for your custom home additions. Ready to jump straight into your home improvements? Request a custom quote today to get started.
What is a Home Addition?
A home addition is when you add onto your existing property, usually choosing to build up, down, or out. It’s a great alternative to moving and can be a more affordable way to create a forever home that fits your needs, while future-proofing your property.
Vertical additions add to the top of your home, such as a roof conversion, while ‘bump-outs’ are a one-room addition to the main level of your property and can be used to add an extra bedroom, sunroom, or game room addition.
Why You Should Invest in Luxury Home Additions
Functionality is crucial for making a home livable. As your lifestyle changes, your home needs to have the practical things you require to live comfortably. In-law suits are a popular home addition if you’re planning on moving your parents into your home to care for them as they get older. Alternatively, you can choose luxury home additions that improve your quality of life, like an at-home gym, movie theatre room, or mud room.
Just like kitchen and bathroom remodeling cost blog, t’s important to consider home addition pricing in context to the value it will add to your property. Zillow estimates that housing prices in Reno, Nevada are up almost 5% in the last year with an average home value of close to $550,000.
Consider your home addition cost in the context of the value it can add to your property. While a new bathroom has an average cost of $11,000, the National Association of Realtors estimates that it delivers a 50% return on investment (ROI) to your property’s value. Homes with equal numbers of bathrooms and bedrooms also sell faster, something to consider when making your home additions.
How Much Does a Home Addition Cost?
Trying to accurately estimate your home addition cost can be like asking how long a piece of string is. You’ll always get different answers as it’s subjective as home addition pricing will vary depending on the nature of your project. HomeAdvisor estimates that a typical home addition cost is between $19,491 and $88,406. However, your home addition pricing may come in upwards of $150,000+ depending on the type of materials you choose and the nature of your project.
You’ll typically see pricing set as a cost per sq. ft for home addition projects, as this is how most material is priced. In Reno, Nevada, the average cost of a garage addition is usually $40 per sq. ft, while a sunroom has an average cost of $102 per square foot.
Labor will be your largest expense and one that your home addition contractor will discuss with you. You can expect this to account for almost 50% of your total home addition cost. Building materials typically account for 30-40% of the cost of your custom home additions, but this may vary depending on the materials and appliances you choose.
Use Our Home Addition Cost Calculator
A house addition cost calculator is a quick way to get a ballpark for your custom home additions. Extra expenses may pop up and it’s a good idea to budget a cushion for unforeseen extras on top of the custom quote your home addition contractor will provide. Use our handy calculators below to get an estimate for your home addition cost in just seconds.
*This is simply a ballpark estimate based on recent Reno market data
Examples of Home Additions & Their Costs
Opting for a second-story addition is one of the most popular options. Building up is often more affordable and less complicated. By comparison, building out is usually more expensive as your home addition contractor will need to add a new foundation or make structural changes to your roof and walls.
A three-season sunroom is a common type of home addition in Reno, Nevada. Prices for these can vary anywhere from $21,000 to $140,000. Three-season sunrooms are typically more affordable as a four-season sunroom includes more insulation but enhances the room’s functionality.
What Impacts Your Home Addition Cost
A home addition contractor will never give two identical prices for projects in different homes, even if they are the same. There are various factors that impact your home addition pricing.
Although cost per sq. ft for home addition projects is typically used to get an initial price, it’s not the only way a project is priced. Although this will provide a baseline, you can expect to pay a significantly higher price if you’re choosing custom components or using high-end materials.
A 20x20 room addition cost will vary greatly depending on whether it requires plumbing, electrical, or additional structure work.
One of the most common luxury home additions – and easiest to complete – is a kitchen expansion. This type of home addition is more affordable as you’re only adding a few extra feet, instead of creating an entirely new space, so there are no additional support structures required.
It’s important to speak to your room addition contractor about materials and finishes early in your planning. If you want your custom home additions to match the rest of your property, you may be stuck using a particular material to ensure it matches. For example, hardwood flooring is significantly more expensive per sq. ft than carpets, even though they’re more durable and increase your property’s value.
You’ll also need to apply online for a building permit from the City of Reno, which will add an additional cost. We’re happy to help answer questions about potential permit needs or you can visit your local county office for advice on what permits you’ll need for your home additions.
Build Your Forever Home with Custom Home Addition Cost Quote from Stinnett Construction
Ready to upgrade your home? Whether you’re planning a game room addition or want to modify your home to make it more accessible, we’re here to support you every step of the way. Request a quote for your custom home additions and explore how we’ve helped homeowners in Reno, Nevada, create luxury custom homes.
