If you're thinking of selling your old House, you have probably asked yourself, regardless of whether it would be a good idea to rent instead. In this way, of course, you get to hang on to for a little more and perhaps access any equity that may have or develop at a later date.

These are good thoughts have and want to be very clear in what way it intends to proceed before you go spending preparing a property for sale or hire. Remember that once you've signed a contract with a management agent or a sales agent, which is not so easy to change your mind and back out. So, what sort of things might you need to consider when you're deciding which way to go with your home?

What you could get for your home anyway?

What could reach to your place if sold right now? Get some evaluations by sales agents and take an average. Also check out local asking prices or auction results, which often are published locally. I also recommend buying a professional assessment or a residential property reports that will give you a specific value for your property. Professional relationships can also predict the future value of the property so you can find the direction of property values in your area impact your decision. In considering selling, ask yourself this: the probable selling price would cover any mortgage against your property? What you can expect to end up with after taxes, fees, costs of agent, etc.? You will make a loss or a profit? And how this fits in with the rest of your financial plans?

On the other hand, if you were to rent your home out old, what kind of rental week think you could get? An agent or two can give an evaluation of hire to give you an idea of this. I would like to get three or four did and take an average. Also check out the average rent for properties featured in your local area, via the internet or your local newspaper and similar size. The rental income likely will cover the costs of running the property? Keep in mind that operating costs include not only maintenance loan against property; They also include rates, taxes, levies and local utilities. If you would be using a management agent, you must also factor in the costs of the Commission and many agents charge a fee of paperwork in addition to their Committee these days. If you plan to manage your rental property yourself, keep in mind the commitment of time that this might take from you and financial considerations make it worth or not.

Consider tax implications of each scenario:

In the light of research now that you have done, you should have a pretty good idea of whether to sell or rent will bring more money for you. You now need to factor in your personal financial situation and tax any law applies to you. You should consult a professional for this-your accountant and/or your financial planner are the best people to assist you with the detail on this, leaving you with all the information you need to make a reasonable, informed decision.




Marc's background was in the construction sector. He is excited by his ability to today, to help sell their private house almost every family. This is a very rewarding for him, so his mission is to help as many people as possible. Marc is very keen to provide real solutions, ensuring that you get the best possible service, and service with a smile! To learn more http://www.sellmyhouseinfo.com.au to: