In today's market, pursuing home additions or residential extensions is a smart approach if you want to achieve a square footage increase for your living space.
For home additions, whether on the first floor or the second floor, you can expect to spend $325 - $450 per square foot. The lead time from permitting to construction completion typically ranges from 6 - 12 months.
For standalone residential extensions, the cost varies and you can anticipate spending $150 - $350 per square foot, depending on the specific type of build you're considering for your square footage increase.