While the merits of a complete demolition and a rebuild cannot be denied, there are one nor two issues with such an approach.
Issue 1: The house is mortgaged and I can't believe that our friends in the bank would be too happy with us knocking the house down. In fact, the terms and conditions pretty much state that we should not devalue the house at all. Would demolition temporarily devalue the house?
Issue 2: We really want to get started as soon as possible. We've been waiting far too long already. Demolition will introduce a major delay to the work whereas a straight extension/renovation can get underway on the 2nd August.
So the decision as to whether demolish or not was quite straightforward in the end - we're not doing it.
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