Been dealing with the Monday dread this evening by dreaming of ways out of teaching. I'm due a 40 / 50k inheritance in the next 2 or 3 years (an unimaginable amount of money for us) and was wondering about becoming a childminder but...
Houses in our area are cheap - we're in the north east
I was thinking about buying a small house with a garden (70k ish) and putting down a big deposit
Running a childminding business from that house - with it and the garden done up to be child friendly
It would have a small mortgage and the house could be a retirement fund
Is this feasible / stupid and naive?
I've not invested anything in this idea at all - just thought of it today so won't be offended to be told I'm a naive idiot!
Even though you'd only have a small mortgage you'd be covering the cost of running 2 houses (double your gas, electricity, council tax, insurance, leaky tap repairs,fence being blown down in Gale force winds, etc). So your first few kids would be paying for the house running costs plus mortgage.
Would you consider moving to somewhere slightly larger with a granny annex or something separate from your home but still part of the `house`
I'm not sure whether it's a good idea childminding wise, I sure someone with more experience can comment.
Bob I hear you! I've just moved and left behind a massive conservatory. Miss it loads. But I love our new house more just hate not being able to separate work and daily life! Slowly going crazy with all the baby / toddler clutter when mine have a playroom upstairs.