Scrape or Renovate - Potter Highlands

[Robert Jordan]

I have a long term SFH rental in the potter highlands in Denver. The home is 3/2 it's small and needs some TLC. It sits on a big 8200 ft lot. I'm beginning to explore options of either scraping and building a duplex or renovating current property and possibly adding ADU. I know this area requires approvals on design to keep with neighborhood look. I understand that can be difficult. Any advice on starting point? Thoughts on costs? Should I even think about doing it?