The type of home addition you want will greatly affect the overall price. For example, a bathroom addition can cost anywhere from $3,000 to upwards of $80,000, depending on bathroom features, building supplies and whether the room will be added on to the home or converted from a pre-existing space, according to Costhelper, a website geared to helping consumers learn the costs of things.
Depending on the size of your house addition, you may need an abundance of materials and even building permits. For example, adding a 1,500-square-foot second story to your home can cost $105,000 to $450,000, depending on whether you do the work yourself or hire a contractor, according to Costhelper. Alternatively, a 400-square-foot living room addition may only cost $10,000 to $20,000 if you build it yourself.
You will still be paying for your home addition even after the project is completed because of a tax increase. A home addition can increase your taxes based on the size of the addition. For an estimate on how much your taxes will increase, contact your local property valuation office.