Found out I'm pregnant (and very very sick butnquestion is move or extend.
I have a 2 story house (cost $495k in 2010-11) which we lease out downstairs for $360 pwk plus electricity.
Downstairs is 3 bd 1 bth kitchen upstairs is same space but more open living with 1 large bedroom, large bathroom, open kitchen/lounge/dining/balcony/garage.
We don't want to move downstairs and too cramped for us and upstairs has nice views and we have lovely tenants.
I know some people would say you don't need to change anything for a baby and we could have it in our room or the lounge but its my first baby and I would love it's own room/ we can stay in it if family stay over etc.
Option is build another room upstairs ontop of the garage roof(would all be same level) would make main room and bathroom slightly smaller and cost $15k ish or move.rent out top part of this house as is and buy something else.
Only thing is we just bought our 5th investment property and don't have too much cash. Would look for maybe Duplex $250-$275.
Would love to love Into a nice 2 bed unit but we have 2 small dogs. Would also love more of a yard for dogs.
I guess my main concern is, is it a waste of money addy on extra room in terms of value??
I have a 2 story house (cost $495k in 2010-11) which we lease out downstairs for $360 pwk plus electricity.
Downstairs is 3 bd 1 bth kitchen upstairs is same space but more open living with 1 large bedroom, large bathroom, open kitchen/lounge/dining/balcony/garage.
We don't want to move downstairs and too cramped for us and upstairs has nice views and we have lovely tenants.
I know some people would say you don't need to change anything for a baby and we could have it in our room or the lounge but its my first baby and I would love it's own room/ we can stay in it if family stay over etc.
Option is build another room upstairs ontop of the garage roof(would all be same level) would make main room and bathroom slightly smaller and cost $15k ish or move.rent out top part of this house as is and buy something else.
Only thing is we just bought our 5th investment property and don't have too much cash. Would look for maybe Duplex $250-$275.
Would love to love Into a nice 2 bed unit but we have 2 small dogs. Would also love more of a yard for dogs.
I guess my main concern is, is it a waste of money addy on extra room in terms of value??