Building a new bedroom on a house? Is it worth it?

[Ryan Randalls]

I'll start by saying I'm very new to real estate, I'm looking into doing a live in flip in my area and there is a 1bd 1ba that can use some basic updating. But my question is; 

would it be worth adding a bedroom? 

I mean fully expanding the house. I know thats a big project for a beginner, but there is a big gap in price and days on market between 1 and 2 bedroom houses. I'm mostly just curious, 

What's the typical price range for such a project?

I Know it depends a lot on area, the contractor, permits, and a lot of other factors. I'm just looking for a ballpark figure, nothing super special, just best/ worst case scenario, and to expand my knowledge on the subject. Has anyone has done something similar successfully or unsuccessfully? 

If it helps my area is Frazier Park, CA it's in Kern county, south of Bakersfield, CA

[Chris Brown]

Hi @Ryan Randalls, although I cannot speak to your specific area, but in Atlanta I pay around $125 per sq ft for an addition. If the numbers make sense, considering the extra time, loan interest if applicable, permits, etc, then I think it is worth it. If I can make the same ROI on not doing an addition, then I will. If I can increase my ROI by adding, if the area shows comps to support it, I will. And is this market, you kind of need to add value in my opinion.

There are a lot more twists and turns with an addition and I would not advise it for someone who is new, gets stressed easily, has low patience or a lack of capital. 

Start small and work up.