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Hi S1mon, These questions are always difficult to answer, but it really comes back to how long you are prepared to wait and whether that wait will be worth it. Are you getting a good return from renting or would off loading it and investing the money elsewhere at a higher return, be smarter. If...

Attic conversion $40,000 is not a lot of money to spend on a home worth say upwards of $500,000. But if the home is only worth in the vicinity of $300,000 I would probably advise against it. Cheers