Hi just wondering if anyone can give an outside perspective on how we resolve our total lack of space.
I bought my council property in Feb. Its a spacious 2 bed terraced house in a nice area in close proximity to good schools and was my only means of being able to own a property. I have 2 teenage kids sharing a room but my plan was always to put an extension in downstairs to reconfigure the lay out and create a further bedroom for my son.
The week before I completed I found out I am pregnant which is amazing news as we didn't think it was possible. We are really excited about this but a little worried about what we do with the house situation. My boyfriend is intending to move in here and we will also have the baby in our room with us so we are going to be packed in like sardines. He has so much stuff including a drum kit (but that is a whole other thread)
My plan was to continue with the extension plans and maybe move somewhere bigger in years to come but everyone is telling me I am mad to spend that kind of money on the house and go through the upheaval, only to move. I know it will add considerable value to the house and they always sell as soon as they come on the market in my street.
If I sell my house and buy something with DP we will lose a lot of money as i was given a discount for being a council tenant.
I payed £175k for my house and a 4 bed in this area is about £400k so I don't think we could really afford the jump and I don't want to mortgage myself to the eyeballs. I love my DP very much and don't foresee us splitting up but I always keep it in the back of my mind as my ex left me with thousands in debt. I can afford this house should the worst ever happen.
I am in the process of getting quotes from architects for the work we would like done so I am slightly oblivious to how much this is all going to cost, but DP is going to help pay for this. He earns a lot more than me and with some overtime we can put down a good chunk of money in cash and take the rest out in a loan.
I just have this nagging doubt in the back of my head that it still won't be big enough.