We renovated without kids and it was hard and expensive! I would chat to a couple of real estate agents and see what they say.
What is your plan for where to live next?
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20-01-2015 12:18 #11
20-01-2015 12:19 #12
What are similar renovated properties selling for in the area? Would you be over capitalising if you were to get them to that standard? Some banks will lend if you go to them with a renovation plan and they can see profit will be made
20-01-2015 13:08 #13
The house 3 doors up is selling for $279,000 and from the pictures inside, while tidy it is quite old. So if we were to renovate we could potentially make a big profit! If we had the money to renovate it would make things easier, we don't mind doing it but at the moment we can barely afford even small jobs, let alone large jobs. Plus I'm pregnant again so once we have a newborn it will be even more difficult. I am probably being a cop out but I am so sick of living in an old house, it's always dirty (stuff falls from the ceiling), always full of flies (windows don't close properly and no fly screens) our options seem to be
2. Refinance and renovate
3. Suck it up and live like it as is and do small jobs at a time
20-01-2015 13:10 #14
Selling an old, half renovated house!
20-01-2015 13:13 #15
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