Hi all, I’ve seen some similar threads before with really useful advice so thought I’d try my luck myself!
Here’s my current situation:
-live in compact 3 bed detached house with DH and DS (1yo)
-In a decent area close to family, shops, schools etc.
-brought as our first home in late 2019 with a view to moving a few years later to somewhere bigger.
Currently:
-DH of view we’ve outgrown or nearly outgrown the house - wants to move
-Main gripes are lack of living space downstairs and lack of storage space upstairs.
-I’m in agreement but love the house and area and would want to stay here if it could be made suitable
Finances:
-House has been valued and gone up 50/60k (at least) since we brought it
-To move somewhere slightly bigger (e.g more living space and bigger sized bedrooms, we’d be paying up to £80/90k more than what we’d get for this house plus fees. Location would be similar. A 4 bed (the ideal incase we have another DC) is out of reach financially for now.
-We are willing to take out an extra c.£50k on our Mortgage and have a similar amount in savings we can also use.
Current house:
-DH doesn’t believe extending would be financially viable (feels we’d be better off moving) but has said he’s open to ideas.
-We can’t extend to the side (garage is separate to the house by the drive at the front)
-We have a reasonable length garden and could probably extend out by up to 2.5metres and this would still be a good size.
-Landing area is very small
-Floor plan attached
Has anyone been in a similar situation or got any thoughts on improvements to the current house I could suggest to DH? We thought we’d easily
move after a few years but prices have gotten silly.
Thanks!