Which neighborhood do you live in? Do you like it? I'd love to hear yours thoughts on Fullerton as we hope to buy something in Golden Hills or Raymond Hills.
Regarding the addition, I've seen a couple tasteful additions in historic Fullerton. I agree with the other poster that there is a big risk that you will compromise the unique historical character. Especially if you go cheap. Buyers of historical homes value quality over quantity. Choose your architect and builder carefully. Only work with people experienced in historical properties. If the addition looks obvious and out of place surely your home will lose value. Plus, you'll have to live in the ticky tacky house that is the black sheep of the neighborhood.
If you live in one of Fullerton's preservation zones they are going to require quality materials and a design representative of the original architecture. People got away with murder in the past but a strong coalition of homeowners were successful in a "stop mcmansionization" campaign a few years ago. Plus the city is really pushing to revitalise the downtown and the historical homes. As a result expect the city to be restrictive.
Here is an example of a tasteful second story addition in Fullerton
Notice how the second story is set to the back of the house. From a distance the second story looks much narrower and shorter than it really is. If the addition was placed on the top and towards the front the result would be a disaster. Also the didn't try too get too creative with the second story. Clean simple lines allow the front original part of the house to be the attention grabber.
Now contrast that to
this house with a sub-par additon Note:zillow maps shows the side of the house. click on the left arrow to view the front of house from Richman. Both these houses have the second storyset to the back. But this one is much more obvivous. They got the first part right with setting the additon to the back of the house. But they have a piched roof with two awkward flaps one side and a balcony of the other side. It's got too much going on and it draws your eye directly to the addition.
Interesting enough if you google the first home's address Danco Construction is listed at the address. Maybe the owner did the additon themselves and could do yours as well. If I were you I'd find a home with a tasteful additon in the neighborhood, or any historic neighborhood nearby, knock on their front door and ask them who did it, how much, etc. They would probably even love to show off the insides to you. If your too shy to go to the front door, I believe you can find out the contractors and architects listed on the city permits easily access for free on the web.