Hi all

I just inherit a 2 storey landed terrance in Jb near setia indah, is pretty run down, leaking, moulding wall, should I renovation then rent out or sell? I lazy to handle with tenant and the maintenance, heard there is a middle man that do one stop service reno + rent and deal with the tenant.

thanks

if the said area got value or high demand, you should use rental approach

This post has been edited by Ckmwpy0370: Feb 15 2023, 05:13 PM

FD return net is more than net rental income

sell to me <200k. Today i submit loan. pm

How much is the property worth ?

base on propertyguru around 400k to 600k with fully move in condition

rental 1400 to 1800

if u want to sell dont renovate. just sell as it is. if u want to rent then renovate

then sell it..

renovation sure would cost high...
u willing to spend $$$... maybe like min 50k???

then selling price value of the house drop and less likely to the buyer

Sell, but do basic fixing to clean up broken pipes and fresh coat of paint, don't do extensive renovation (no need to do big retiling etc), if it's am older house usually people who buy will want to renovate it again anyway so don't overspend on house repair.

If it's an inherited landed house in a different state and you cannot self travel down to manage, not worth it to rent out unless you're willing to bleed money into expensive agent fees.

Just sell and cut off the burden of a house you don't intend to keep.

Since this is an inherited house, presumably without loans or liabilities attached, you won't have much loss if you sell it on the lower side.

Based on your posts, you're not interested in staying or holding onto it for future appreciation, and you aren't interested in directly managing the property's rental.

In this situation since you didn't fork out any capital+loan for the house, selling early is better than selling late, since getting the funds early would mean you have more time and opportunity to invest it elsewhere, if you wish

Selling lower than market value/sell at a "loss" is not a big financial concern since you didn't invest in this property aside from fixing it up, in fact holding on to it trying to sell at a more "worth" price may cost you down the road in the price of upkeep or the risk of market value dropping, especially if the property is very old or is on leasehold land.

Side track a bit. I was told that disposing inherited property is also subject to RPGT just like any other transactions. How is the acquisition cost being determined since it is inherited? Based on market value the property being transferred to the beneficiary?

1400 to 1800 is very good 👍. Don't sell it. Rent it. Unless you need a large sum of money immediately

so, rent or sell?