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  1. #11
    TheGooch's Avatar
    TheGooch is offline Winner 2014 - Newbie of the Year
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    Quote Originally Posted by Janesmum123 View Post
    Ha more than likely.
    Do it! I can't believe how excited a trip to a kitchen showroom or Reece makes me these days! Don't even get me started on furniture browsing!

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    Janesmum123  (10-01-2016)

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    Quote Originally Posted by turquoisecoast View Post
    the OP has pointed out they love the area though so I think it goes beyond just the house itself.

    agree that mortgage size will determine how much free cash you'll have to play with. if you're mortgaged to the back teeth then having extra money (unless you borrow it) may be difficult. if the mortgage is easily serviceable and you both have excess funds saved (or do a mix of using savings and financing) then I'd be looking at the fix up option.

    it sounds like the house itself is in a desirable area which you may not be able to get into again if you sell.

    why not go through a few showrooms and/or talk to a few people about project managing what needs to be done and see if it sounds more achievable. it may be a huge psychological obstacle that is broken down a bit after you start talking to the experts
    Thanks. We have a mortgage that is reasonable for us to pay. We may not live in an area that is desirable for some people but we really do like it. It's very laid back, lots of young families and the area is changing dramatically it used to have a bad rep however now with house prices being crazy in Syd lots of people are moving out here. The schools my kids go to are private and very good. The street is filled with families or older people most owner occupiers. Its very leafy sort of like living in the bush we have 2 big gum trees on our property which give us grief but also are beautiful. The street is at the back of the suburb backing onto bush, it's also elevated.
    I will sit down with DH and make a plan. We have some financial commitments this year however after that we will be able to save a decent amount.

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    turquoisecoast  (10-01-2016)

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    Would you consider (finances permitting) knocking down and rebuilding? Can be stressful but rewarding.

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    Janesmum123  (10-01-2016)

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    Quote Originally Posted by sashas girl View Post
    Would you consider (finances permitting) knocking down and rebuilding? Can be stressful but rewarding.
    I wish. If we that the house would never sell for that much, it would be the most expensive house in the suburb. Maybe in 10 years. That would be my dream but financially it won't happen.

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    Renovating slowly bit by bit sounds like the best plan. Good luck

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    Janesmum123  (10-01-2016)

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    We've been in our house 4.5 years and it needed about $50k of work but of course we didn't realize it when we moved in (thought about $30k lol). We debated whether to get a loan and do it all at once or do it bit by bit. DH doesn't like debt so we've done bit by bit and to be honest I wish we'd bitten the bullet and done a big major renovation all at once. Also think it would be a bit cheaper to get 1 builder in and do it all - economy of scale of 1 big job rather than maybe 5 smaller jobs over time. It's been a pain in the bum constantly doing things, having them half finished etc.
    If you love the area, street, neighbours and you can make the house lovable and it's financially viable I'd stay and renovate as a big project as moving costs are huge and might cover a substantial portion of the renovation costs anyway.

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    So many people do renovations bit by bit and then only get really motivated to finish it all off and make the place prefect WHEN THEY SELL IT. Meanwhile they have spent years and years living in a half renovated house and kick themselves when they see how wonderful it turned out because they won't be around to enjoy it. Obviously if renovating all at once isn't a financially viable option then fair enough but otherwise I'd go with just getting it over and done with so you can enjoy your home.

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    When we lived in our old 3 bed villa I dreamed of a big house that we could have people over / family to stay... Now 4 years living in the 2 storey house with 5 bedrooms it feels like a complete waste of space and time to maintain. We don't have people over cus it's too hard to keep clean! I feel like my house is making me depressed. I can totally relate to that feeling that your house is not what you need, that the extra space is just a hassle and more to clean. My dp doesn't get it either. I'm sahm with 3 kids and cannot keep up with the house. Our laundry is downstairs which involves dragging toddler with me but keeping her away from older kids lego and power sockets / chairs and desk she wants to climb etc. these little things can be such a big pain. I don't feel like this is my home it's just drudgery work. But we also live in a great area and our spot at the end of quiet cul de sac is perfect. That's all my dp sees. I want to love it here but I don't. It's really hard when you aren't on the same page. And in my case dp just thinks I want something unattainable and if we moved I'd complain there too but he's not here every day doing battle with this spread out mess! I feel like I just had no idea what I was getting into and now I know we should've held out out for the single level block with low maintenance yard...
    Sorry no advice from me I can just empathise with much of what you've said...


 

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