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To convert or not to convert?

9 years ago
Hi all, we have about 40-50k to spend on renovation project(s). Little background. We have a 1000 sq ft ranch with a 1000 sq ft finished basement. We have a 3 year old and and 6 month old. Ideally, we will either move or dormer in the next 5-10 years.

Option 1: convert 10*16 garage into a play room off the kitchen (130 sq ft with closets). We will utilize the front of the garage as a 60-70 sq ft shed with a new manual set of barn doors. This should cost about 30k. Siding will cost about 15k or I can expand the driveway and do new walkway/patio. All in I expect to pay close to 50k with permits and drawings.

Option 2: do siding and masonry. Should cost about 40-45k no drawings. Siding is from the 70s. Driveway needs replacing as does patio

Option 3: do nothing and wait to go up or sell.

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