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It's possible to turn your carport into a living space, but there are additional factors to address over turning it into a garage. HVAC, plumbing, and electricity won't be optional, and you'll need finished flooring, drywall, trim work, and legal ceiling height, for starters. Also, keep in mind that living space conversions may require upgrading the foundation underneath, and the permits might be more expensive as well.

Whether it’s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it’s usually less expensive to renovate a home than to build new construction. 

Most homeowners pay between $100,000 and $200,000 for demolition and remodeling costs, whereas the average cost to build a new home is between $139,000 and $531,300.

Modern cottage style holds true to the traditional architectural components of a cottage—including a small footprint, simple floor plan, and a focus on connection to nature. However, it also embraces more modern styling ideas that add some elegance to the rustic appearance, similar to the French country home style. The style includes natural materials, like wood, stone, and linen, but it presents them in a more modern or even contemporary way. Some modern cottage homes even incorporate more ornate decor, which wouldn’t hold up in a traditional cottage that focuses on simplicity and functionality over flashiness.

Just like the rest of your roof, a dormer will last as long as the life span of the materials used in construction. Slate, clay, and concrete roofing can last for over a century, whereas more standard roofing materials, such as asphalt shingles, last closer to 30 years. The structure of the dormer itself, however, should last the roof's lifetime when properly maintained. Only the window, insulation, and eaves may require repairs over time.