We live in a tiny house in an up and coming area. We like where we live and have a big block.
Our mortgage is 330K bought the house for 415K and added a new roof + 20k.
it would be too small for 2 children so we are considering doing major renovations in the next 5 years. We would be adding a bedroom, living room and a semi outdoor kitchen.
The bedroom addition would be inside the house (knocking out our current kitchen and adding a small foyer).
So the 2 new extensions would be kitchen and living room.
At at a minimum I am guessing it would cost 200k.
Has anyone done major renovations? What did it cost total and was it worth it.