Why It Could Be Better to Rent Out Your Property Rather Than Sell 

If you’re fortunate enough to be in a financial position where you can rent out your home instead of selling it, should you take the leap? 

Why It Could Be Better to Rent Out Your Property Rather Than Sell 
After all, if you don’t need to sell to fund your next move, renting your property is an option worth exploring.

Here, we explore the dilemma of renting out a property instead of selling. 

Timing

As we all know, property sales can take time. There are lots of hoops to jump through and boxes to tick before you get that money into your bank account. If you’re moving away for work, abroad or have any other temporary relocation on the horizon, is it worth putting your house up for sale? 

If you’re planning to move for a short or unknown period, you could earn an income from your property by renting it out. By holding onto it for longer, you may see an increase in value when you decide to sell (capital growth). 

Although specific preparations need to be made when renting out a property, these can be done quickly, and in most cases, you could get tenants in faster than if you were to sell. 

Of course, selling your property would save you the hassle of managing the rental property, but you could always pay your agent to do this instead.

What to check 

Is there demand for rentals in your area? The best way to find out is to speak to a local agent – they’ll know what tenants are looking for and can advise about getting your property ready to rent. 

If you do consider renting out your home, check with your mortgage company first. Many lenders will let you do this for a set period without changing your mortgage, but if it becomes a long-term change, you will probably need to switch to a buy-to-let mortgage. 

It could also be worth speaking to an accountant or financial adviser, as renting a property will have tax implications, and you’ll need to understand these before making a decision. 

Our team at Allen Residential are always happy to discuss your property dilemmas. So, if you’re thinking about renting, get in touch with us today on 01761 412 300.

Get in touch with us

First Name*
Last Name*
Your Email Address*
Mobile Phone*
Are you looking to*
Please enter message here*
Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)*

Register for Property Alerts

Ever missed out on the perfect property just because you heard about it too late, or the Estate Agent never told you about it as it was slightly outside of your criteria? Never miss out again by using our “Heads Up Property Alerts”.

Meet Our Founding Director James

Meet Our Founding Director James

James Allen is the founding director and owner of Allen Residential. James started in estate agency back in 1997 and after working for a couple of strong independent estate agencies he established Allen Residential in 2005 Keen to invest back into his team, James is dedicated to ensuring that each team member at Allen Residential is a key part of the business, emphasizing the importance of their contributions. His leadership style highlights the significance of a cohesive and dedicated team, fostering a supportive and growth-oriented environment. The business has flourished in recent years, thanks to the staff's commitment to excellence and the implementation of effective systems. James' appreciation for his team’s hard work and dedication is evident, making Allen Residential a thriving and dynamic company.

Why choose Allen Residential?

Why choose Allen Residential?

With an owner who has 35 number of years experience in the industry and 20 years of company history, we bring knowledge, reliability, and expertise to every property transaction.

Our approach is casual and professional, aiming to form personal connections with the people we work with instead of treating them as a number.

About Us