We bought our house about 4 years ago and have been very slowly renovating it, it has cost a fortune in all honesty with the ever increasing costs, and we are due to get our very old kitchen refitted with new units.
We have 1 child, and would like another within the next few years.
When we bought the house we intended to upsize after 5-7 years but in all honesty it seems so out of reach now, despite having managed to put to the side a decent amount of savings it's not touching the surface, and the costs to move (legal fees, stamp duty, interest rates being high if we were to borrow more) is putting us off.
We are trying to make living in the current house better so we can happily live in it maybe 10+ years from now on, and considering perhaps putting money into the garden/bathroom instead. Problem is, it's small.. a small lounge, small kitchen (just about can squeeze a small table in there) and 3 bedrooms, albeit the 3rd is extremely small and space is limited in there due to the stairs eating into the room. Our garden is OK, but needs work.
Living here long term would mean we would have more disposable income but I'm not sure how happy we would be in a small house with 4 of us.
We are in a dilemma whether to spend our money on this house, or try and skimp and save over the years to make upsizing become a reality!
I know small is subjective, our house is around 1000sqft, perhaps not small to others but feels it to us. Hope this doesn't come across as goady in anyway.
Any thoughts opinions would be greatly welcomed!!!