This is very dull, sorry, but wondering if you could share your wisdom and experience. Our mortgage term ends later this year. We could pay it all off and still have a decent cushion financially.
We are a couple in a 3 bed house with our DD. She is 4 and is in the box room. Spare room is used for working in and guests, as well as laundry drying and storage. We probably have people stay every couple of months at least. When my parents and sister stay at same time sister is in the living room on the sofa. My family and most of my friends live a distance away so too far to see in a day and obviously I miss and want to see them without always going to them. They often bring their OH and / or kids too. I'm guessing DD might want sleepovers when older.
We are thinking DD will definitely need a bigger room soon. But I don't want to have no spare room. Box room isn't really usuable for guests but could be a work space. We looked at getting the loft converted but it's a huge expense for rooms that would only be used as bedrooms a few times a year. And being mortgage free really appeals. We can't do loft and a chunk of mortgage. We aren't high earners so won't have this much again for ages, if ever. We could get 2 rooms up there but would loose the box room for anything much more than storage, maybe a desk. So we'd go from 3 bedrooms to 4 decent sized ones.
So, for anyone not bored to tears already, what would you do? Thank you.