Should I sell my current home or use it as an investment?

Sean Murphy

One size does NOT fit all... Make sure you share your plans, we'll share our solutions.

Should I sell my current home or use it as an investment?

Whether you should sell your current home or use it as an investment property would depend on your personal financial situation and goals. Your friends circumstances are not your own. We need to look at your budget, your projected repayments, and how this could impact the household budget.

Financial Situation: Consider your financial situation, including your income, expenses, savings and debts. If you need to free up cash for other investments or to pay off debt, selling your home may be a better option. However, if you have sufficient cash flow and can afford to keep your home, using it as an investment property will provide the opportunity of additional income and future growth.

Market Conditions: Consider the market! Including supply/demand/interest rates and economic trends. Is the market favourable to selling? If so, you may receive a good price for your home! If the markets more favourable to renting, then you may be able to generate a steady income through renting the property.

Investment Goals: If you’re looking for a long-term investment with potential capital growth, you’re tilting more towards renting out your property. If you’re looking for a short-term investment with guaranteed returns, then selling may be for you.

Keep in mind – Keeping a home as an investment property comes with maintenance and property management costs. Consider if you’re willing to manage a rental property, alongside the maintenance, repairs and tenant management which can be time consuming and stressful.

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