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Brainstorming Second Story Addition

Hello, I'm a pretty brand new homeowner of only about 3 1/2 years thus far. My wife and I love our home, it's rock solid with great bones, but boy is it small (just 988 sq. ft.)!

To say that we'd like a bit more room is an understatement. We've thought about the possibility of selling and buying a bigger home some years down the road, and that's probably the easiest option, but we've already been pouring a lot of ourselves into this home and are loathe to leave it. I don't want to start all over again in a new home when we're just starting to get to know this house.

So, we tossed around the idea of additions. There's not much of an option for horizontal expansion due to the layout and the land, so the vertical kind makes the most sense. Fortunately, since we have such a small footprint, we're aware that adding a second story may not be the bank breaker that it can be for many other homes. That being said, I've been looking high and low to get solid ballpark figure on how much it could run us. I know there's so many factors and variables, but let's assume we're looking to add a Cape Cod style second story with 2-3 bedrooms and a bathroom.

I guess I'd like to know what it could cost to go the whole 9 yards with flooring, plumbing, walls, fixtures, etc. versus the "bare bones" approach of just the framework, roof, and floors and we do the rest ourselves.

I've been reading that it could cost 150,000, which pretty much makes this project idea a big fat NO, but I'm hoping I'm wrong. I was thinking *maybe* 50K? That's doable. The small footprint helps us out a lot, right?

Thanks in advance.

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