DW and I (both 26) are about to have a boost to our finances that leaves us with disposable income to invest in our home. We have 1 DD (9 months) and my wife’s sister is staying with us till July 2023. We are also thinking of having DC 2 in around 3 years time. I hybrid work and my wife is out the house 9-5 , 95% of the week. My current office is also our dinning room and ideally I need more space. We are generally frugal and our outgoings are fixed for a number of years (we’ve factored in childcare), both have secure jobs.
Our plot is a 3 bed semi with 100ft long mature back garden, front part is a pergola veranda dining area and rear is currently occupied by a small greenhouse and a dilapidated workshop that’s been on the plot around 50 years. The garden backs onto a greenway about 13ft wide by 500m that separates neighbours at the back but serves as an access lane.
My two hobbies, that give me space and keep me sane are gardening and collecting/ reading old books. Gardening I can work out of the greenhouse but it’s small and my wife would like a summerhouse where it’s situated. All my books are currently boxed away due to SIL moving in and her room will become DDs when she moves out so that nursery is ready for DC2.
We are considering a loft conversion but prices are far outside of current budget and this would only free up the nursery which is a box room.
My two options I think are as follows:
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Spend around £500 fixing up the workshop into a potting shed (16ft by 10ft). This would boost the gardening no end and allow me space to work on the greenway with neighbours. However wouldn’t be a space I could work in for my job.
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Finance around £250 a month for 8-10 years, a garden room from Green escapes or similar to use as a library and reading room, could also function as an office
Would appreciate thoughts/ advice!
thanks :)