fitz00

hi @3Cube just to be clear I'm not asking for anyone to come up with slip shod or dangerous designs that a builder/PE/architect has to sign off on. I completely understand this and that is not what I'm asking. The reality of the situation now is that I will have to build a smaller house in order to fit my budget, or take on a renovation loan to build the house I want. My question is simply whether retaining the existing structure would save on costs and I think @snoozee's answer was very helpful.

Thanks all. I think now the issue is how to best save on costs. I proceeded with the purchase on the assumption that reno costs could be kept around $1.2m which is what my contractor originally quoted me when I brought him to see the property a while back. He has since increased the quote to $1.5-$1.8m and I may have to get a renovation loan for the difference, which is not ideal. So I'm trying to see how to keep costs low.

Thanks @snoozee. Yea I figured it would be easier. What about costs? Would adding a second storey be much cheaper than a rebuild? I assume it woulld

Hi everyone! Been a long time reader, but first time posting on here. I just bought a 2500 sqft single storey detached house on a 4000 sqft piece of land. I have several quotes from builders to rebuild about $1.5m and 12-18 months for 2.5 storey. The other option would be to add a second storey over the existing structure. PE says micropiling required to strengthen foundation. Anyone know if the second option would be cheaper/quicker and have any good main cons to recommend. Really appreciate any advice thank you!