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Would you go to the trouble of extending a house that you plan to sell in two years max?

(6 Posts)
naturelover Wed 20-Aug-08 18:05:36

Basically we are thinking of turning a 2 bed/1 bath to a 3 bed/2 bath just to add value. We need to sell and move for schools in two years' time at the latest. Do you think it will be worth the mess/trouble/stress/dust etc for the increase in value?

My worry is that because the schools aren't great here, that people wanting 3 beds, ie families, won't want to live here for the same reason we won't stay.

Cammelia Wed 20-Aug-08 18:08:53

You won't get your money back imo

BrownSuga Wed 20-Aug-08 18:10:35

If it will cost more than 10% of the current value to do it, you'll be unlikely to get your money back.

noddyholder Wed 20-Aug-08 18:21:58

you will not even break even The bottom of the market is not even close Better to sell now at a big discount and rent until things stabilise.

donnie Wed 20-Aug-08 18:23:05

no way .

naturelover Wed 20-Aug-08 21:39:09

Well that seems unanimous - thanks!
We just met with an architect this evening and he seems to think it will cost a lot more than we first thought, which clinches it for us anyway.

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