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How close are you to the lake? If you tear down, you will have to adhere to the current rules on location, probably. What is it now, 50 or 100 feet away from the water.
If you add and are moving away from the lake, you may be able to have an exception. What is the ground like, is major rock or ledge a problem or easy digging, both factors in what you can do with out disturbing existing foundation.
Two sure facts, it will cost more than you estimate and t will take longer than you planned. Been there, done that.
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