I've been mulling over this for ages and everyday I have a different answer. It's driving DH mad so I thought I'd post my question here.
We have a small 3 bedroom house. It's nice, has a nice deck, big backyard, in a great location. But it's too small for even one more child. All our stuff is in the spare room as our living room is tiny.
Should we extend our house to put an extra room on and maybe make the kitchen and living area bigger. Or would you just sell and buy a bigger house?
I don't know how much extensions will be but I reckon around $50k. To move we would be looking at a house AT LEAST $50k more than what ours is worth plus there's stamp duty, conveyancing fees etc so moving would cost more BUT maybe it would be a better investment long term and might have a more modern kitchen etc.
Does anyone have experience with this dilemma? I'm just after things to think about/consider. I honestly can't make my mind up!