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Renovate or Buy to net 1 bedroom and office space Raleigh, NC, USA

I just wanted to get some outside opinions on this. Currently we live in a 1800 sq ft house that is about 1 bedroom and some office space short of our long-term plans. Initially we set out to buy a new home however we have become discouraged during the searching process as it seems the houses we are targeting are just out of our price range. We are debating continuing the house search or resolving to close in our former carport to add ~200 sq ft as an additional bedroom to suit our near term needs and then renovate the house as needed to make it more of what we want. We do like our existing house and the house search so far has consisted of searching for basically what we have now but for 1 more bedroom. We do have some amenities in our current home that we would had to lose such as a nice kitchen, large lot and larger older style bedrooms. Any opinions are appreciated, especially those particular to the Raleigh area. Thanks!

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source https://www.reddit.com/r/RealEstate/comments/s7rr1i/renovate_or_buy_to_net_1_bedroom_and_office_space/
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