Asset Protection
Posted: June 16th, 2021, 10:09 pm
Last Monday my Mum completed palliative radiotherapy. On the Thursday before we were told that the Father-in-Law won't walk again. He's been in hospital for 20 weeks after a heavy fall. His options are limited as he cannot lift himself out of his bed. The Mother-in-Law is waiting for a pacemaker as she has, amongst other medical issues, a serious heart condition. Just before I go any further can I just say I have offered to adapt his current home but MiL doesn't think she can cope with the building process, so he's heading for a care home, albeit we don't know if it's a permanent solution.
They own a semi detached home which is worth about £150K with a £45K mortgage. The home is roughly 575 FT2 without the conservatory and there's a single detached garage at the rear. I've done an outline budget and reckon I can remove the conservatory, add a traditionally constructed extension and utilise the garage to form the following additional rooms downstairs
I'd welcome constructive thoughts about the concept please.
In addition I've become aware of what the future holds for me and my good lady. We have one child. She's 14. Our needs aren't great. We have no debts but I'm "woefully" short on my private pension. We are working on that currently. I've always "hankered" after an extension on the rear of our home. Single storey, 12m x 5m or approximately 646 FT2. The thought was that as we aged we could "live" downstairs. Does this have legs? Again I'd welcome constructive thoughts.
AiY
*I am a Quantity Surveyor my cost predictions will be accurate.
They own a semi detached home which is worth about £150K with a £45K mortgage. The home is roughly 575 FT2 without the conservatory and there's a single detached garage at the rear. I've done an outline budget and reckon I can remove the conservatory, add a traditionally constructed extension and utilise the garage to form the following additional rooms downstairs
- Bedroom 3 x 2.4m
- Wet room 2.4 x 2m
- Lounge 3.45 x 3m (Replaces conservatory and will allow year round use)
I'd welcome constructive thoughts about the concept please.
In addition I've become aware of what the future holds for me and my good lady. We have one child. She's 14. Our needs aren't great. We have no debts but I'm "woefully" short on my private pension. We are working on that currently. I've always "hankered" after an extension on the rear of our home. Single storey, 12m x 5m or approximately 646 FT2. The thought was that as we aged we could "live" downstairs. Does this have legs? Again I'd welcome constructive thoughts.
AiY
*I am a Quantity Surveyor my cost predictions will be accurate.