Dec 28 2022, 08:09 PM
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).
thank you.
So ur current house is a landed. It won't generate gd roi regardless u r renting out with or without furnishing. U won't necessarily get a bad tenant n yes in malai u c more irresponsible tenants around. 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).
thank you.
I would say rent it but hunt down ur tenant slowly. No one ll guarantee u a gd tenants. Even the tenant won't say they r bad to u.
Just for sharing, I hav frenz renting their landed to the same tenant for more than 10yrs in kd n ttdi without having any issue. 1 of them offered to paint the whole house after 10trs as a token of appreciation at the same time to upkeep his house. Another fren sending hampers to tenant every yr, by hand.
On the other hand oso hav fren houses got destroyed n really spent a fortune for refurbishment.
Rental game is tricky. When u r lucky u get a gd one for many yrs. If unlucky then need to fight to evict just few mths after renting the house out.
To keep yes as u said in future maybe hard to get. To sell oso it's not a definite answer u won't get a beta wan elsewhere. Or u r very certain ur kid ll liv the old house or ll stay put in malai for long???
M2c
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