Additions - Yay or Nay??

[Jamie Hailey]

Hello all! Starting out in the Memphis area - very excited! I've noticed a lot of the areas my partner and I are interested in are built in the 50s and are quite smaller. Lots are 3 bedrooms, 1 bathrooms. But 3 beds, 2 baths in those areas are going for more. We were thinking of trying to add an addition onto a house we are interested in. What are you more experienced flippers' thoughts on additions? Any good/bad experiences out there on additions?? Would love to pick your brain. As always, thank you so much for any comments! BP Community has been so helpful and great! :)

[Jon Reed]

Additions are very region specific because a new addition will cost $175-250 a sq/ft to do... so if your area homes sell for that much per sq/ft then it would be worth it. In our area, renovated homes only sell for $80-110 a sq/ft so it never makes sense to do an addition. 

Adding a 2nd bath is a great idea but try to get creative with where to add one within the current foot print because moving interior walls is much cheaper than adding onto the house.