Debate Between Husband And Wife Your Opinion

Ms_Chocaholic

To give us a better idea could you give us more info on what size your house is now, who lives there, ages of any children, and what size extension your wife is wanting.

Cheers

Ms Choc x

homer_j_3

Gorgeous_George wrote: »

Design the extension as granny flat.

When the kids grow up, you can live in the annex.



GG

Or build it as a wife flat and charge her rent - u couls still be mortgage free in 5 years!!!!:money:

tiamaria

Personally I'd go for the extension,but a smaller one, I paid less than a third of that for 2 extra rooms so my children could have a room each.

dianadors

We extended our house and I'm glad we did. It would have been nice to be Mortgage free, but the larger house is worth much more now, so it'll give us a bit more dosh for our retirement when we downsize. (assuming they ever leave us!!)

hokkers999

DAVIDR3117 wrote: »

I Currently Have A £65,000 Mortgage ,i Also Have £50000 Endowment
Due To Pay Out In Four Years ,i Think I Could Be Mortgage Free In Five Years But My Wife Now Wants To Borrow £30000 To Build An Extension This Will Mean I Would Not Be Mortgage Free For Another 12 Years Or Longer ,my Wife Thinks Having A Bigger House With More Room For The Family Is More Important Opinions Please.

Or you could this...

1. Extend the property.
2. Endowment matures
3. Pay off or offset the 50k
4. Maintain monthly payments at same level
5. Where does the extra 7 years come from again?

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InMyDreams

Mr_helpful wrote: »

Id pay off the mortgage You dont want all that stress and debt for an extra 7 yrs. Who pays the mortgage anyway. Otherwise you end up with all that space and what happens? The kids leave home. Besides you can be a nice close Knit family in a small house

I've just spluttered my tea out all over the keyboard! Please tell me that was a joke! :rotfl:

Addiscomber

We have the usual downstairs layout of sitting room, dining room and kitchen. This was doubtless fine for family living when the house was built and all there was for entertainment was reading, and later when a family would have one radio, and later TV. It can make life difficult in these modern times when there is so much technology for entertainment purposes.

Our boys like to watch TV and DVDs and play each other, friends, and their father, at football on the playstation. This does lead to quite a lot of conflicts over their use of the room for those activities versus us (and particularly me) being able to watch TV in reasonable comfort. (DH also has his computer in there, and sometimes likes to play games with loud sounds.) The result has been that I rarely go in there now, because it seemed that whenever I got settled to read or watch TV, someone would come in and ask if they could play playstation. I now have a TV, computer and armchair elsewhere for when I would prefer peace and quiet. (I don't want any advice about parenting here, I am just trying to point out that conflicts can arise.)

As dianadors has alluded above, we have a "boomerang" generation who come back to the family home (if they ever went away in the first place) because they are finding it increasingly difficult to afford to move out. This is bound to increase tensions within families over communal spaces, as it is unreasonable to expect young adults to spend all the time in their bedrooms and entertain friends there. If the configuration of your family means that such conflicts are likely to arise in the future, then your wife may well have a point, provided that the conservatory is one that will be comfortable for year round use, and for £30,000 I would hope that it would be.