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 rent out or leave it, no money renovate

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baby_4ever
post Nov 10 2021, 06:51 PM

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Joined: Oct 2021
QUOTE(BboyDora @ Nov 10 2021, 02:14 AM)
Hi, wanna ask opinions from all sifu here with experience.

Let say i bought a subsale , and after all the money i spent, i had no money to do renovation. As i planned to do major renovation plus all new furniture ( cost a bomb)
by calculations, if i didnt die (touch wood) or permanent disable ( touch wood) , i can have enough fund in 1 year time.

Question
1. Should i rent out for one year agreement.?
my worry : Will people rent if they know im going to take back the property in one year time ? (terrace house btw) The house is not for investment purposes.

2. Should I just leave it and go there to clean every single day.?
Reason: rent out might face tenant problems. not paying. or request me build this and that (cost money too)

The reason i wanted to buy now because landed property will keep going up no matter how bad the economy is. and the location suitable for my kids education and convenient. i can buy cheaper but far far away.. Plus a highway nearby is going to complete  in 2 years time.
Yes. I know some people might say "no money then dont buy la"" . sweat.gif  sweat.gif

I m a property noob here. 

Any suggestions or insight that can share? notworthy.gif  notworthy.gif
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Straight go for rent it option. Empty house aging faster.

 

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