Second Story Addition - Estimate the Cost When Adding a Second Floor to Your Home

Second Story Addition - Estimate the Cost When Adding a Second Floor to Your Home

Second story addition is an attractive and quite feasible option for a growing family. However, the whole plan is not as easy as you might think. If you have started planning for the project, you have to make a thorough cost analysis to stay within your budget and prevent overspending which can easily happen when you are not careful enough. To help you complete your construction, here are the expenses you need to consider in your estimation to stay within your originally planned budget and get the project going without a hitch.

Professional and Labor Cost

During your second floor addition, you need to employ architects and engineers to help you design your plan. They will take charge of the technical details of your construction so you won't have to. During your budget planning, verify the rates of these professionals based on the existing market and hire those that you can afford and have a good reputation going for them. Aside from these folks, allocate 30- 40% of your budget for the laborers who will do the actual construction of your second story addition. Their payment can be on a weekly or a one-time basis, depending on your agreement with them.

Materials

Your materials comprise the bulk of your second story addition. Once you have your architects and engineers hired, request for the list of materials that you will need. If possible, ask for alternative cheaper materials, yet with the same quality as the expensive ones. Allot 40% of your budget for these materials. To save on the materials, make sure you canvass different companies to find the best deal. By shopping around you might find the best deals. Part of the stuff might be cheaper at one DIY store, while other materials might be found for cheaper at another store.

Additional Expenses

It can easily happen that your second floor addition might cost you more than what you initially expected. These will include your rental fees in case you need to move out from your house temporarily during the construction works, building permit charges and any extra repairs of the first floor. By setting aside 20% to 30% of your money, you can shoulder these surprise expenses anytime they arrive without throwing you off your original path.

Second story addition requires a thorough analysis. By making simple mathematical computations, you can stay well within your budget and ensure that you can finish the project with the money you have set aside for the DIY task of adding a second floor to your home.

Adding a beatiful leather reclining chair with ottoman set or a leather club chair and ottoman to the rooms on your second floor can easily increase the value of your home and add a lot to the ambient of the new construction which will last you for many years ahead.

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