Should you sell or rent out your property

Selling vs Renting: What’s the Right Move for You?

If you’re moving, you may face a big decision: sell your home or keep it as a rental property. Both options have advantages and challenges.

Reasons to Sell

• Immediate Capital: Selling gives you a lump sum for your next purchase or other investments.
• No Ongoing Management: Once sold, there are no maintenance or tenant responsibilities.
• Market Timing: If prices are strong, selling may maximise your return.

Reasons to Rent Out

• Regular Income: A well-let property can generate steady monthly rent.
• Long-Term Investment: You keep the asset, potentially benefitting from future price growth.
• Flexibility: Renting can be a temporary option if you’re unsure about selling.

Key Considerations

• Financial Goals: Do you need capital now, or can you hold out for long-term returns?
• Market Conditions: Is demand stronger among buyers or renters in your area?
• Commitment Level: Are you willing to manage tenants, or will you appoint a letting agent?

Expert Advice Helps

The best choice depends on your situation. A professional valuation and rental appraisal will give you clear figures to compare both scenarios.