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 Rent out or sell it, fully renovated house

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MAC5
post Dec 28 2022, 08:00 PM

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Joined: Jan 2021
QUOTE(BboyDora @ Dec 28 2022, 07:33 PM)
Hi all,

would like to get some insights from all the expert here. Im in dilemma now.

my current house is fully renovated which i spend quite a large sum of money in it. ( fully extension from and back / plaster ceiling / new gates / new tiles etc etc...)

My situation
i bought a new house and now thinking wanna to rent or sell it. Why im dilemma because i initially plan to inherit it to my kid in future.
so if i rent it out, I worry the tenant will "destroy" it as I cannot expect the tenant will take good care as I do. the cost of repairing will be cost a bomb later. i dont have any experience to rent out as this is my 1st property.

Plus, the rental is base on "fully furnished" or "non furnished". Not so sure about renovated or non renovated. Thats why base of my noob understanding, cant rent for high price also. ( i might be wrong)

If i leave it vacant, waste also as it doesnt generate income.

So, if I plan to sell it, i believe can get a good price. If i sell it ,  i dont think i can afford to buy a similar property to my kid in future. ( please dont blast me "why you need to buy for your kid. Let them buy themselves in future. Dont spoil your kid, dont create strawberry generation , dont spoon feed your kid till adults..... etc etc).  laugh.gif  laugh.gif
thank you.
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where is your location by the way? different location different strategy..

 

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