Apologies, this is long!
I have recently inherited £50k.
My house is in desperate need of repair / upgrading and so I intend to spend it either on renovating the house as this will significantly improve the quality of life for my family - currently we're making do with sub-par living standards. The DC are 11, 13 and 16.
I'll get some contractors in to quote, of course, but I'd love some MN advice on where would be best to spend the money. I don't think £50k will stretch to all the things that need doing, so it's a matter of priorities... WWYD / what would you prioritise?
These are the current problems with the house:
- heating system needs replacing - new combi boiler & new pipes and radiators as the current ones are old and rusting. This one is essential
- lead pipes need replacing.
- kitchen falling apart, no dishwasher. I don't need a snazzy kitchen, but a functional one would be great, and a dishwasher would be amazing!
- bathroom is so tiny and water pressure so rubbish so as to be not functional. Two of my teenagers are too big for the bath. We desperately need a decent shower for them, it's not very easy to wash in there.
- we are overcrowded, one of us sleeps on the sofa in the living room. We could do a loft conversion - or if the conservatory could be made into a dining room, maybe turn the dining room into a bedroom
- the conservatory is about 40 years old and falling apart - we have the washing machine and dryer in there, which works well, but it's not usable as a room in winter as bitterly cold or in summer as roasting hot. It also has a outside type drain in it - when they converted it in the 80s they simply added a conservatory over the outside drain
Which would you tackle first? How many of the above do you think we could get done for £50k?
FWIW despite its problems, we do like our house. It's in a nice area, we have great neighbours and the bedrooms are significantly bigger than most in this price range (no box room!)