Matthew Guise

I'm a:	Home Seller
Location:	Leicester
Web sites:	Real Estate Blog

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sell or rent?

Asked Sat Aug 25 2007, 09:16 by Aiyer - 08837 - Home Selling - 10 answers

Matthew Guise answered:

If you decide to rent out your present home, will your rental income cover the ongoing expenses associated with the property? Will it cover mortgage payments, property taxes, and insurance? If not, determine whether you can afford to cover the difference on an ongoing basis. Will the tenants be responsible for all utilities, or will you have to cover some of these expenses? Consider what your anticipated annual maintenance expenses on the property might be. Most importantly, if the property were vacant even for a brief period, think about whether you could cover these expenses without a steady stream of rental income. - Thu Oct 4 2007, 11:31

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