Un Permitted Construction
While it might be tempting to hire inexpensive workers, and to skirt obtaining the necessary building permits to build additions on your home, don't do it! It may cost you in time and inconvenience when you try to sell your property and find out that the work has to be demolished before a potential buyer will be able to get a loan to buy!
Un Permitted work is considered to be "poor work" and obtaining permits protects you by demanding the minimum in safety standards for the construction. Better to do without then add things to your home that actally take away from it's value and make it almost impossible to sell.
I recieved a call today from a "builder" who wanted to know my opinion on the values of Single Story Vs Two Story homes.
I can only offer my opinion based upon the clilents I have served . All things being equal (square footage, bed bath, location amenities) given the choice between a two story home and a one story home my buyers have preferred the single story property. I have had older buyers who simply could not take the stairs on a daily basis, younger buyers who perhaps grew up in a similar home.
In many developments there simply is not enough land to give each single family home 5-6 thousand square feet of property, but this fact is certainly not lost on the buyers.
When I approached an appraiser with this question,she responded "is this a trick question ?" there is no difference in value if the amenities are the same (sf,bed bath location etc.)
So it does boil down to a matter of preference.