My experience, you are better off spending the addition money on updating your property.
I just went to a property in Willow park where a extension was added and after preparing a market analysis, this individual was not too thrilled. I put his property at the same value as other properties that were 3-500 square feet smaller but had done quite a bit of renovations.
The next question would be, what is easier to sell in the future... with most people looking for a home requiring little to no work, the updated property will typically sell before the older one with a extra 400 sq ft.
That is my 0.02 although there is really no black and white answer.
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