Should i sell or rent my flat?
536353
Over the long haul, you'll make more money renting if the property values are increasing in that area.  HOWEVER, there are risks in renting like shady tenants who don't pay or trash the place, and there is a lot of upkeep in between the tenants that will cost you.  So it's really up to how much work you want to put in.  Also, if you can't find a tenant then you're paying your current rent plus the cost of the flat, so that should be considered.
364240
Owning a house is the best from an investment standpoint. Condos are pretty good too although the market is different. They don't increase in value as much, you have to pay an extra monthly fee but you don't have to worry about taking care of the outside. Renting is money out the window but you may want to consider it first so that you can really take your time and look over the housing market in the area you will be going.
1131571
Go for it!\n\nOr even better, sell his stuff to pay the rent!
985220
Its totally up to the both of you mike,renting a place IS dead money,you are correct,its a fact--a mortgage though is a millstone around the neck--another fact,so really,you're fecked if you do,you're fecked if you dont,fecked if i know the answer to that one!!Then you have the patter of tiny feet to consider in the future,and everyone knows how costly those little feckers are...very!! Wish you all the best in whatever you decide mike,i know its not easy-decisions,decisions,decisions:-/
887671
Seriously, I'd look at other cities outside of London if this is a house to rent. For example, Liverpool is being awarded the Capital of Culture next year and the house prices have risen very sharply. Manchester is also extremely up and coming and property prices have shot up there also. Look into other areas, see how much investment is going on there and you could find your investment increasing far more rapidly than in London.
904864
There should be no complications in selling your house to the tenants currently occupying the house. You are not required to tell the mortgage company if you move out and rent the house so just move ahead as if they lived elsewhere and it will work out no problem. Or at least no problem because of their current tenancy.
1172823
You can absolutely sell your property with little to no hassle...Just disclose what, if any, problems you are having with the home and sell it as-is.
968278
unless there is a clause in the contract then you can legally do it by any amount you want but you dont want to scare your tenants away or make it unaffordable for them to be there. \n\nI would recommend between 10-15% however talk to your tennents first and make sure that this is within their budget. \n\nHave a look at www.rightmove.co.uk at similar properties and their rental value at present also look in talking to letting agents and see what they would advise.\n\nIt is much easier to keep a nice tennent in the property so dont be too harsh. Once the increase is in place present them with the new agreement and advise that this is due to inflation etc and write them a personlised letter with a break down of your reaserch etc, this will mean they are less likely to run a mile!
884704
Evaluating the freehold value is a tricky thing. Do you own a third of a freehold management company for all the flats, or is there some other arrangement where you own the freehold reversion in one of the other flats in the building?\n\nI'd use the method for calculating a price as if I were buying the freehold from a different landlord.\n\nThis is a useful site\nhttp://www.lease-advice.org/cevaframe.htm\n\nYour estate agent or surveyor should be able to help you.
928549
Short answer is it depends. Depending on where the flat is and how long is left on the lease are the two main factors. Take London for e.g. Leases in Mayfair, Knightsbridge for e.g. are typically less than 60 years and extending them can cost many 10's of thousands. A flat in Fulham could have a longer lease and cost less to extend - friend spent £15K extending the lease by 100 years. \nEssentially it's up to the owner of the lease.\nIf you were looking on selling the flat then it is best to extend the lease before selling if there is less than 40 years on the lease.
1016241
Rent an apartment.\nFix it up.\nSub lease it for more money.
791350
Every property will sell---you have to overcome the potential buyers' objections.  The biggest single objection is price.  If you really need to sell it, you may need to consider a modest profit, breaking even or even a small loss to move your unit.
528791
Renting is a waste of your money!!! if you don't get that then just keep wasting your money on a property that you will never own, but your landlord will.
260084
u can make flats for rent ,make ur own house,make use of it for ur business,sold that land if u in need of money,also u can use it for agriculture..and it goes on.land is something which we can make anything with that and we all need our own land before we say goodbye frm here.
1159129
Rent it out. That way you've got your mortgage paid every month plus a bit more and if you do decide do move back then you've got somewhere to go.
539420
Any profit you earn from renting or selling the property will be taxable to you.  If you rent the property, you can deduct depreciation as well as operating expenses from the rental income.  If you resell, your profit will be equal to the selling price minus your cost for the property, including any costs incurred to fix it up; any depreciation allowed will reduce your cost.  \n\nIn addition, you may owe real estate taxes to the state or local government.\n\nConsult a tax preparer or accountant for details.
816706
Yes. I want to to look for a flat to rent because if you were in that place you will be comfortable to live.