Hi wise mumsnetters.
I've come into a little bit of money and my mortgage is up for renewal so may be able to borrow a bit more/withdraw some equity. It won't be enough to move I realise so am wanting to make some changes to my house as will be there for a while now.
It's a mid terrace with a master of approx 12 ft x 11ft, second bed of 9 x 9ft and tiny 3rd room of about 6ft x 6ft. I really want this 3rd room to be a decent size as cannot be a long term bedroom for my youngest who has put up with it for too long already.
I have 3 options and would love your opinions on what you think would be the best, or any other ideas that I haven't thought of?
option 1) take out the airing cupboard and built in cupboard in the master, change to a combi boiler which can then go where current boiler is in kitchen. Then do an internal reconfiguration upstairs so master would be the same, then bed 2 and 3 would be approx 7 x 7ft and 10 ft x 7 ft. I estimate this would cost approx 7k
The other option would be to do a loft conversion. The cheapest option would be to do a velux only one with no en suite which I think would be approx £17k? Would then be a 12x11ft, 9x9ft and loft room which would be quite large but with sloping roof.
Ideally I'd love to have an en suite too as will have 2 teens before long and we already have some bathroom battles! If did the internal reconfiguration then the only place that could go would be in the master which would then reduce in size to approx 9 x9 - would this be too small for a main room?
Otherwise could do the loft conversion with en suite though this would cost more. and to do fully is obviously the dormer option as well. That would be about £35k
I am torn as don't want to regret anything and if do the change cannot then go back on it.
I am mindful of the ceiling price for the type of property I have - there are quite a lot of town houses on the estate but I'm not sure you'd get the value back from a full loft dormer conversion. An ensuite with small rooms is also quite common locally and would make life easier.
It's a hard one - a lot of advice I've read is quite conflicting.
I' d expect to be in the house for approx another 10 years and only thing I could foresee changing that would be if I ended up living with a partner. I have a fairly new relationship that has got quite serious and we are talking long term but would not even consider moving in for a year or two and who knows what could happen between us. I don't want to make a decision based on that or live with the current set up any longer than need be either.
What would you guys recommend I do?