One of the most frequent topics we are approached with is from owner-occupiers who are considering renting out the family home. There are, of course, many reasons why people move house and look for an entirely different dwelling to suit their lifestyle:
So what happens to their existing house? Should it be sold or would it produce a good income and be financially worth renting out? There are a few aspects to consider before making this decision:
This should give you a good general overview of some of the points to consider about whether to move house and rent out your existing home or cut all ties and sell it, using the resulting income to either put into your new family home or invest in a more suitable and profitable investment property.