Yes it will. The real question is will it be worth more than what it is worth now plus the amount of money you spent? This is tougher to answer.
Call me, I work with many clients just like you. I am a architect/builder/broker. I have direct access to all the costs and values and can do this analysis for you.
Generally speaking, tearing down what you have and building new will NOT likely result in you being able to immediately recoup your money for its current value plus the construction cost plus the cost to live elsewhere for about a year.... more