We live in an unusual 1950s single storey detached modern style house on 1/3 acre, overlooking countryside in prime south bucks location, proabably worth £800K. We want to maximise our return on investment other much larger houses have been bought by developers, knocked down and rebuit and sold for £3million+. Could we do this ourselves ..ie hire a builder and make the profit...or should we extend and renovate..ie additional floor either add pitched roof with dormer bedrooms - or add another flat roofed storey all very modern, glass, sedum roof, 1st floor terraces etc. The knock down route - I would guess is expensive (Need £500K?? to build?)..so we would need to sell and take our profit elsewhere as we could not shoulder that cost. The renovate and extend options we think we could take the approx £200k cost and continue to live here. Not sure what this would add to the value...but would proabably pay its way...what would you do?..take the money and run (knock down option) or extend (we love living where we are
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WHICH ROUTE WOULD YOU TAKE?? Knock down + rebuild, or extend and renovate
knakered · 30/12/2007 18:03
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