Can I join?
After 2 years of planning, we have finally been granted full planning permission for a 2 bedroom annex.
We don't need the extra space, but one mad moment 4 years ago I looked at our garage and thought 'If we pull that down, that is a building plot for a house.' My parents had been in poor health and if only we had an annex, we could had offered them support. Sadly, both have now passed away but DH's mum is heading towards 80 and we have two children away at uni.
So we have pushed ahead and got full planning permission for a 2 bed detached house (annex).
Reading this thread has been scary. Extensions costing 300k plus is eye-watering! How are people financing this... remortgaging, savings or borrowing from family. We have my parent's inheritance but now I am thinking we should just give this to DC for deposits rather than over-spend on an annex.
Options for the annex: DMIL to live in, one of the DC to move into (a 1 bed flat locally is 250K, so a two bed detached would be 400k), we move in and rent out 'the big house' (4 bed detached), Airbnb or we rent out the annex to give an income.
It is so hard to know what to do. We are in no hurry, so hopefully prices for materials will come down and make the project less scary.
At least the annex is separate to our house, so heating and no kitchen is not one of our issues.