We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buy/Rent- Buy/Sell
davidwm
Posts: 39 Forumite
Live in a ground floor flat. Noise problems from above.
We have installed soundproofing which has not been very effective!!
We have no mortgage and the flat is probably worth around £150k.
Does anyone have any advise on whether we should raise capital on current property and rent out, using the capital (and some savings-which are not getting very good interest) to buy another property. We could presumably wait for market to pick-up before selling our flat.
Given that we are told it's a buyers market is this the best way forward??
Or, is it better to sell the flat and buy at this time??
We generally have a cautious attitude to risk!!!
Any thoughts!!!
We have installed soundproofing which has not been very effective!!
We have no mortgage and the flat is probably worth around £150k.
Does anyone have any advise on whether we should raise capital on current property and rent out, using the capital (and some savings-which are not getting very good interest) to buy another property. We could presumably wait for market to pick-up before selling our flat.
Given that we are told it's a buyers market is this the best way forward??
Or, is it better to sell the flat and buy at this time??
We generally have a cautious attitude to risk!!!
Any thoughts!!!
0
Comments
-
We generally have a cautious attitude to risk!!!
If this is true then you should sell and buy as rent out and buy will at least double your exposure to the housing market.0 -
Thanks for that. If we rent out should we factor in a period when the property is between tenants?0
-
Yes of course, the trouble is when you only have one property putting a % on this is vertially impossible. How ever I would work on 1 mth a year. Set your rent lower to avoid voids. ie if you say 550 per mth compared to 500 but that extra 50 per mth is wiped out in 4 weeks void.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards