As some of you remember from my last thread, I'm in a quandry of buying something we can't afford or adding a 2nd bathroom to our little house. We really need the extra space (expecting our first
) and a family friend is working up a plan/estimate for us to add a walk in closet/bathroom to our bedroom. If we do this, we'll have no problem staying in this house for another 3-4 years. It has a great yard, privacy fence, updated interior, good part of town, etc.
Here's the dilemma:
We have enough in our savings to pay for this (assuming $10,000) but obviously don't want to drain it. What's some good options here? Home equity lines of credit? I've heard for those you have to have good credit score. I do have about $11,000 in equity and my wife has good credit but I bought the house before we were married. Can she get it?