- Aug 24, 2017
- 2,070
- 2,817
- AFL Club
- St Kilda
So current situation is me and my partner are currently renting but the owners have stated they want to sell. We have the lease until January so currently house hunting.
We were offered the house we are in now by the owners for 420k. Not a bad deal, suburb is pretty good, maybe a little further north-east of the cbd we ideally want to be but not hugely important for me. Buying it would be convenient, as we wouldn't have to move etc but it's only a 3x1 (although on a 600m² block) and we essentially want at least a 3x2 or 4x2.
The houses we are looking at with the extra bathroom are starting at low 500k (smaller blocks) up to 600k (which is really pushing the limit on what we can afford)
So my question is would we be better off buying a bigger house at the top of our price range and save the hassle of renovating/extensions. Or buying our current rental for almost 100k cheaper and adding an extra bathroom (space isn't an issue). Saves us moving now but adds in extra stress doing major renos.
We were offered the house we are in now by the owners for 420k. Not a bad deal, suburb is pretty good, maybe a little further north-east of the cbd we ideally want to be but not hugely important for me. Buying it would be convenient, as we wouldn't have to move etc but it's only a 3x1 (although on a 600m² block) and we essentially want at least a 3x2 or 4x2.
The houses we are looking at with the extra bathroom are starting at low 500k (smaller blocks) up to 600k (which is really pushing the limit on what we can afford)
So my question is would we be better off buying a bigger house at the top of our price range and save the hassle of renovating/extensions. Or buying our current rental for almost 100k cheaper and adding an extra bathroom (space isn't an issue). Saves us moving now but adds in extra stress doing major renos.