Rent your Leicester house
When you’re moving to a new property, selling your current Leicester house is the usual route that most people will take, which often makes sense. This offers you a quick injection of significant funds, which are often put into funding a new property.
However, if you could afford your next house without additional finances from your current property, a better opportunity might be to rent your Leicester house. For many reasons, being able to rent your Leicester house has a lot of advantages.
Sustained income over time
When you sell your current home, you get a big chunk of cash all at once. This is excellent as you can afford all the trips, holidays and opportunities you’ve dreamt of.
This way however, you might swiftly spend the money and end up with nothing in the long term. When you rent your Leicester house instead of making the decision to sell it, you’re going to make a significant amount of money over time.
Whilst you might not be able to enjoy everything that you would like to do all at once, you do have money coming in on a regular basis that you can save up over time and then go do all the things that you’ve dreamed of.
You make more money renting your house
Thousands of pounds all at once, selling your home is the quickest way to acquire a huge amount of money. Despite that, if you chose to rent your Leicester house, you could make even more money in the end but over a period of time.
Whilst it is going to be a much smaller amount on a set basis, in the end this will lead to you having more money than you would have one by simply selling the house. This can set you up for the future if you ever had financial trouble as you have ensured income.
Property is the thing to own right now
Selling your old house to move into a new one means that you have a fantastic new home to settle into with exciting times ahead.With the ‘Brexit’ situation in our country, we really don’t know how our lives are going to change when we finally leave the EU.
By renting your Leicester property instead of selling it, you’re securing your future. If the whole ‘Brexit’ situation goes awry, you’re going to have two properties: one you can sell, one you can live in.
You can always sell it in the future
Whilst you might have come to the conclusion that selling your current property is what you should do, there still might be doubt in your mind. If there is any doubt in your mind, even a minute amount, rent your Leicester house.
Why? You can always sell it in the future! There’s nothing saying that you can’t just sell it in the future if you decide that that is the best idea for you.
The best option is to rent it in the meantime as you can make money whilst you consider whether you would like to sell it or not.
Get expert independent advice when thinking about renting your Leicester home out from Open House Leicester. At Open House Leicester we offer property consultancy services and property management, so talk to us today to find out how you should rent your Leicester home. Call 0116 243 7938 or email info@openhouseleicester.co.uk
