Guys in a bit of a dilema. We are currently (Me, Mrs & 2 Kids) living in a two bedroom terrance house and we are rapidly running out of space. We are toying with the idea of possible building an double extension on the back of our house to increase the amount of room we have, but after talking to a local builder we are looking at about 33K and about 7 months + of building work which has to come though our house as we live in a terranced house. Or we could basically just move to a 3 + bedroom house and save all the messing around all together. Just the thought of having an extention worth of building materials and builders in my house for 7 months + is not that appealing but it is the cheaper option. Has anybody done this or been through it? Should i just move and pay the extra?
Move or Extend?
- Thread starter amaru
- Start date
Agreed, extending is usually the much cheaper option.
The equity I have in my house is my "cushion" against falling pricesIf you use all of equity in your house then you are putting yourself in "harms way" TBH
Cheers for the advice it is appreciated. Monthly repayments won't be an issue now as the mrs has just start back in work after a timeout with the kids so we shall both be back on 2 salaries coming in again. TBH i was more swayed to moving rather than extending but the mrs like the area. Cheers again for the advice.