The two reasons people usually consider going up is either because your section size does not allow spreading out as an option and/or that by going up you get to take advantage of some great views.
Going up can incorporate building into the existing roof space (see also Attic/Loft conversions elsewhere on our website) or adding on a whole new storey. Typically going up will cost more per square metre due to any need to strengthen the existing first floor to carry any new load, the costs associated with new roofing and the slower building rate associated with clambering up and down stairs.
Below is some simple guides to going up:
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