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Having done loads of conversions/extensions, IMO in your position you are better off buying 'done'. If you don't have a vision of what you want the whole process will be horrible - it's tiring, stressful, long, expensive and messy.
It's really worthwhile doing if you know what you want, but the process is still hard work.
Buy a place you really like as it is.
I'm getting the impression that the higher end of our budget is worth the increase. I don't think the lower end ones could be brought up to the same spec as the higher ones for the difference in cost right now. And because I don't a have a set idea of what I want, it's not like I'll miss the concept of going custom. I see stuff I like and go, "ooh, that's nice, I want that" but am not able to picture how to make that happen in a place that doesn't have it.