What would you do?
House A - very spacious, circa 3000 square foot, 4 v good sized bedrooms with also a room over the garage which would be office / 5th bedroom. Very odd layout and needs circa £125k spent on it to make it work. Once we had done everything internally would be great as everything new, but plot very compromised. V close to road and a sloping up north facing garden in a very odd impractical shape. No plants Or trees at all so starting from scratch.
House has v little character. We would be mortgage free. Once The work was done there is nothing more you could ever do to the house as has been fully extended.
House B - set back from road, wonderful south facing garden, v practical for the 3 kids we have! Only 4 bedrooms and they are much smaller. Bags of character, though maybe not to everyone’s taste! Totally liveable in but kitchen, bathrooms not to our taste. We would neee to convert the garage to give a kids playroom / spare room. It’s more expensive To start with plus we’d need to allow money for some work and conversion so final mortgage would be about £100k. Potential in future to make even better if we ever had money such as new kitchen etc.
House A is Sensible practical option for family life internally and financially.
House B is better investment longer term, and potential is much greater we think, albeit in short term it’s not as spacious and extra debt will mean other sacrifices. Far far better garden.
Help!