I've bought my old family home in a great possie on a pretty good sized block (650sqm)... Problem is, it needs a LOT of work!!! And, because I haven't done this sort of thing before, I thought I'd try and get some advice / ideas from you all...
It's a 3 bedroom, 1 bathroom brick home, with one living area. 2 of the bedrooms are actually the size of studies and are far too small to live in. I'm pretty sure the place needs to be r-stumped as the floor in the lounge is dipping and there are cracks in walls & cornices in every room (some are 1cm wide). It needs new guttering and fascais and i'm pretty sure some of the plumbing needs to be replaced. The bathroom is grose and HAS to be replaced.
Sooooo i think I have 2 options:
1) Extend 2 decent sized bedrooms out the back of the house, knock out walls from the 2 tiny bedrooms and create more living areas (leaving it as a 3 bedroom house). I'd also like to create a nice outdoor entertaining area and eventually a pool. Of course, i'd still need to do all of the repairs on the current home as well.
2) Demolish and start again. Although, there are some trees out the back that i'd love to keep and don't know if it's possible to save then through a rebuild (they are along the back fence line).
I'm leaning towards option 2 because I think it might be easier, quicker, and cheaper (????) but I really have no idea.
I'd love to get your opinions before I get the ball rolling.