Should I sell or
rent out my house while I am abroad?
What should I do with
my house?
If
you are smart enough to already own your home - good for
you! Should you sell it or rent it out? The answer
depends a lot on your emotional attachment to your
home. Do you view it as just an investment - or as some
place sacred for you to keep and treasure all your life?
An
Investment
Financial security is an important issue for those of us
who live overseas. I would encourage you to view your
home as just an investment. Don't sell it, keep it for
long term gain - if - you live in an area where you can
expect prices to appreciate in the long term. If it is
not, sell it and invest the money elsewhere. If you
plan on returning home in only a few years - keep it,
but rent it out for the income.
Rent it out
If
you view your home as an investment, you should rent it
out so it produces some income - or return on
investment for you. This is money you can save for
later in life or for your return to your home country.
Use your property to secure your future.
Professional Management
Get
professional management. They know how to manage
property the right way. It's what they do. Don't leave
such a valuable asset in the hand of amateurs - like
friends or family.
See the page on
this website called:
How can I manage real estate from overseas?
