Adding rooms is more cost-effective than buying new so there is less risk involved with the financing or loss of your savings with the added bonus that you will know what is being added and to your exact specifications. With a new home, you don’t.
Whether you are planning a room addition or adding an ADU you will add value to your home. An addition is an investment in your immediate need and makes your property more attractive to buyers when you are ready to sell in the future.
An ADU (granny unit) provides you with an income when you rent out and some City’s offer incentives to build an ADU as housing is in high demand in the Bay Area. The options are endless. You can add bathrooms, bedrooms, home office space, living spaces, and kitchens, and if you are short on space, even 2nd story additions.