Comments on: Rent or Sell? The Decision

By: The Great Mortgage Payoff: 2020? | Move to Portugal

The Great Mortgage Payoff: 2020? | Move to Portugal — Wed, 20 Jan 2010 09:17:12 +0000

[...] Rent of Sell [...]

By: House Plans for 2010 | Move to Portugal

House Plans for 2010 | Move to Portugal — Sun, 22 Nov 2009 09:10:16 +0000

[...] about what we want to achieve in 2010 and most of it revolves around getting the house ready to rent out – I also want to do all these things and get fit, but on a practical, get ready to move [...]

By: A Simple Home | Move to Portugal

A Simple Home | Move to Portugal — Fri, 13 Nov 2009 20:24:57 +0000

[...] I then use prints to make it a little more interesting.; I’m hoping that this will be what renters are looking for when we eventually get to that [...]

By: Tony

Tony — Mon, 05 Oct 2009 08:35:30 +0000

I assume you will be renting in Portugal too, until you find the right house/location. I think that is sensible. I have looked into it, and I will also initially be renting my place out for a year while I take a year out to travel. I will rent a *cheap* place until I find a location I want to settle down in permanently, and then will sell up. Based on what I can find out – you really need a good, full-management agency, with a water tight contract. The figure I was quote for full management was 12% of rental income. You’ve then got tax, plus the need to set some money aside for maintenance. Nice to let someone else pay your mortgage for a year though!

By: Fanciful Alice

Fanciful Alice — Sun, 04 Oct 2009 15:32:01 +0000

I think this is absolutely the right decision. If we had been in a position to rent our house out instead of sell, we would have done. You never know what will happen and if it’s possible, I think it is always wise to keep a base here. Well done for making the decision! I rented my house out years ago when I was away and I rented it through an agent. They took care of everything and although I can’t remember the exact %, I don’t recall it being hideous. Never had any problems. I would suggest you do go through an agent though
Fanciful Alice´s last blog ..Could it really be?

By: RML - Being More Through Having Less

RML - Being More Through Having Less — Sun, 04 Oct 2009 13:52:31 +0000

That´s a hard decision- but in case if renting doesn´t work out you can always sell a year or two down the line

By: lizzie

lizzie — Sun, 04 Oct 2009 13:15:33 +0000

Haha, I can comment again! Its nice to be back!
lizzie´s last blog ..Laptop RIP

By: lizzie

lizzie — Sun, 04 Oct 2009 13:14:57 +0000

Hi Laura
That is exactly what I would do. I like to keep my options open wherever possible, but also keep things affordable, and have seen too many people move overseas (usually Spain) and then want to come back but have been priced out of the UK market in the meantime.
Good choice.
Lizzie
lizzie´s last blog ..Laptop RIP

By: The Lost Goat

The Lost Goat — Sun, 04 Oct 2009 12:11:32 +0000

Renting will be either great or terrible, depending on what kind of renters you get. If you get renters that stay for years and pay on time, you’re good. If you get renters that trash things in their first two months and then stop paying rent, you’re losing money hand over fist. Some of this is predictable by what neighborhood your house is in, and some of it is just the luck of the draw.
Unfortunately, the best way to assure the first type of renters, or at least catch the second type before they do too much damage, is intensive management. You’ll be in Portugal and won’t be able to do it; have you looked into what it will cost to have your house managed?
The Lost Goat´s last blog ..September Anysoldier – 3/10