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As NF points out, if you can stomach being a land lord, you can basically live mortgage free because the rent from the tenant will basically cover your mortgage or that can help you afford a much bigger place. The up side to that is you live in it for 5 years, learn the ins and outs of the land lord gig, rent the other side and build the house you really want, take the now doubled rent and use that to pay or supplement your new mortgage. 20 years from now, both places are paid for and you have $3000 month cash coming in, not to mention the tax write off of owning a property management company that maintains the property which is a huge tax advantage if you "manage" it right.
If you that's not your thing and you want to build and you think it's your 20 year place, put the initial money into the windows and maintenance free exterior. Go cheep on the inside and upgrade over time. Frame one wall to accept a future addition, openings and headers, etc. studded in. My two cents.
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