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To Sell or Rent Out?
HagueCongress
Posts: 1 Newbie
We are going abroad (WWOOFing) for a year, from Jan 2012 so have been looking at renting out the house. We have about £52k left to pay on our mortgage and i guess the house could sell for around £100k.
My partner woke this morning saying that perhaps we should sell up and bank the money instead of the hassle (and unpredictability) of renting. We bought the house 8 years ago when it was big enough for the 2 of us... we now have 2 boys and it's feeling small anyway and if we weren't going away, we may be looking to move (but can't necessarily afford to).
Is it better (safer) to rent out for the year and come back and possibly sell the house, or try and sell now and bank the money for when we return? We will both be returning with no secure employment.
My partner woke this morning saying that perhaps we should sell up and bank the money instead of the hassle (and unpredictability) of renting. We bought the house 8 years ago when it was big enough for the 2 of us... we now have 2 boys and it's feeling small anyway and if we weren't going away, we may be looking to move (but can't necessarily afford to).
Is it better (safer) to rent out for the year and come back and possibly sell the house, or try and sell now and bank the money for when we return? We will both be returning with no secure employment.
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