In the first series of our blog we asked many questions for you to think about and consider. One of them was do you want to sell your home or lease it? This blog we will ponder further to help you make the decision.
First question to ask yourself. How do you feel about this house? Does it have sentimental value to it, where you do not want others living in it? Has it frustrated you so much you only have stress and animosity towards it? Or do you simply think it is a good home and think others will enjoy it as much as you have?
Your emotions toward this home will speak a lot about the time and effort you are going to be putting into it for someone else if you decide to lease it. The house will still be your child, that you have to take care of, feed, and nurture; the only difference is that you are not living with it day to day. You will have to deal with all of the problems, but you also receive that wonderful monthly check. Do you have the time to put into the house to make sure it is kept up, to make the renters want to pay the monthly bill and to allow them to enjoy the house?
Sometimes being a landowner can be more of a pain than it is worth. You never know who will end up renting and how the house will be taken care of, but it is all part of the gamble. When deciding to lease your home, think about the time, work, money, and value you are putting into the home as well as receiving from it.