>>I take your point, but ROI on a home ought to be measured quite differently and probably not in £s.
Oh, you're right.
As a financial exercise it is sub-optimal. I did a pre-app exercise with the council to try and understand what we would be allowed to build (there are pros and cons with this as you can imagine) and the case officer's immediate advice was to build a pair of semis "because you'll make more money".
TBH I wouldn't have minded - I'd like to move nearer Cambridge anyway. But my boon companion wants to live there. So she will, I hope, get the house she has always wanted in the place she wants to live for now, which will cost as much to build as the pair of semis but will not be worth as much. Then at some undefined time (if spared) we will probably sell it and move to Cambs. anyway.
So one of my objectives is that we create more value in the new house than the money we have to add to the insurance payout so we (or the children) will be no worse off than if we had just let the insurers reinstate the old place. And we'll live in a nicer house at least for as long as we stay upright.
|
