Hello,
Me and my wife thinking of adding another room to our PPOR. Currently its 3 bedroom, 2 of which are quite small, so we need more space.
Did some quotes and price would be between 70k-100k, thats for 1 room on the first floor.
The reason for this thread is that we not really sure if this is a good idea overall. I mean 100k is lots of money and suburb we live ( Padstow, South Sydney ) is not very expensive. We are afraid if we would need to sell we might not get our money back.
We plan to live here for maybe another 7-10 years as our jobs are 10-15 min away, but you never know...
Anyway, is this a good idea to pour some money into your PPOR? Or better use money for IP?
Any ideas are welcome.
Me and my wife thinking of adding another room to our PPOR. Currently its 3 bedroom, 2 of which are quite small, so we need more space.
Did some quotes and price would be between 70k-100k, thats for 1 room on the first floor.
The reason for this thread is that we not really sure if this is a good idea overall. I mean 100k is lots of money and suburb we live ( Padstow, South Sydney ) is not very expensive. We are afraid if we would need to sell we might not get our money back.
We plan to live here for maybe another 7-10 years as our jobs are 10-15 min away, but you never know...
Anyway, is this a good idea to pour some money into your PPOR? Or better use money for IP?
Any ideas are welcome.
