Sell or rent out house in UK ? Should I go or RLF ?
-
- Expatriate
- Posts: 776
- Joined: Mon Oct 09, 2017 11:56 pm
- Reputation: 571
Re: Sell or rent out house in UK ? Should I go or RLF ?
Wha... are you me?sobajoe wrote: ↑Thu Mar 11, 2021 6:50 pm Hi all ,
I'd like to ask you all if you have/had property back in own country which you rented out or have sold in order to stay in the kingdom, and if so how did it go/ has it gone ?
My situation , I am in a bungalow in the UK , value estimated to be 130,000 gbp, which I inherited from good, old Dad.
I returned to the UK from PP last March, just as the world was closing down , and may even have been on the last flight out, via Dubai with UAE. In the prior few years, I ad been spending around 6 months between UK and PP/Kampot/Siem Reap/Shitville over the UK winter. I left early this time because as the covid kicked off, my fathers heart failure turned acute and due to lack of oxygen his mind was going. When he told me on the phone his deceased mother was living with him it coincided with Britain entering lock-down, he always did have a sense of humor; I thought he was winding me up !
Anyhow , long story short ... I bolted back to the UK , and looked after him until he passed away in July last year. So here I am , waiting for some kind of normal to return to all of our lives.
While lying on the couch, stoned , I am pondering the future. Britain has turned into something I neither recognize, understand , or even want to deal with. I have known and seen coming for many years the need to be somewhere else for my later years and I will be 49 in sept.
One important decision is the Bungalow. Rent it out, but possibly have to return to UK if any issues arose , although it would be through an agency. Sell it and have a chunky lump sum which would then need its own careful management.
There was a small chunk of change to add to my own nest egg in the bank equating to around 50-60 ,000 gbp and so this will be used for income in addition to the house.
I have a degree, and a teaching qualification that I did last year but never used during my last stay.
My pension age is 67 as things stand in the UK , and that is some way off , so who even knows if I would make it that far.
After Dads passing , I went to work for a couple of months in a factory and hated every second until I went on 3 day holiday and decided I was finished working in the UK.
So while I smoke on the couch , my expensive weed and rolling tobacco is helping to make a UK winter and a shit past year seem part of the price for the escape I will be making.
Hopefully , it will be better times for us all soon. Just got to hang in a little longer guys ! In the mean time - any suggestions , knowledge , experience from which I may benefit would be very much appreciated and greatly received. ( no thread Jackers, please. Insults will be returned with volley fire )
-
- Expatriate
- Posts: 1211
- Joined: Sun Nov 01, 2020 9:36 am
- Reputation: 527
Re: Sell or rent out house in UK ? Should I go or RLF ?
Dont sell, Dont rent. The other alternative is to find a flatmate or 2 to share the house. This gives you the advantage of coming and going whenever you want to. Also finding the right type of persons [ s ] who are clean, reliable and have a good job to in paying their share of the costs.
Dont sign any agreements with them on this as if you do it means there is no trust between the parties involved. It also gives you the right to ask them to leave if certain standards and conditions are not met. Remember with inflation of property in the next 10 - 20 years it could be worth millions of $$$$$$ and you may look back and regret selling it so cheap.
Dont sign any agreements with them on this as if you do it means there is no trust between the parties involved. It also gives you the right to ask them to leave if certain standards and conditions are not met. Remember with inflation of property in the next 10 - 20 years it could be worth millions of $$$$$$ and you may look back and regret selling it so cheap.
- Big Daikon
- Expatriate
- Posts: 3188
- Joined: Mon Dec 09, 2019 8:07 am
- Reputation: 2604
Re: Sell or rent out house in UK ? Should I go or RLF ?
You can sell it once. You can rent it out forever. I wouldn't sell it.
- pissontheroof
- Expatriate
- Posts: 1906
- Joined: Fri Apr 13, 2018 6:12 pm
- Reputation: 347
Re: Sell or rent out house in UK ? Should I go or RLF ?
Can have a forever headache !Big Daikon wrote: ↑Fri Mar 12, 2021 5:38 am You can sell it once. You can rent it out forever. I wouldn't sell it.
พิซออนเดอรูฟ
Re: Sell or rent out house in UK ? Should I go or RLF ?
If you were fifteen years older I'd say go for it, but at the age of 48....
- Bitte_Kein_Lexus
- Expatriate
- Posts: 4421
- Joined: Sun May 18, 2014 7:32 pm
- Reputation: 1325
Re: Sell or rent out house in UK ? Should I go or RLF ?
You don't mention your own nest egg, but it doesn't sound to me like you have enough savings to make the sale or rental of it worthwhile. Keep it and save more.
I'd say you're too young to bum it in Cambodia unless you have significantly more in your own bank account to supplement it. Keep the house for now, it cna always be sold later on.
I'd say you're too young to bum it in Cambodia unless you have significantly more in your own bank account to supplement it. Keep the house for now, it cna always be sold later on.
Ex Bitteeinbit/LexusSchmexus
- Big Daikon
- Expatriate
- Posts: 3188
- Joined: Mon Dec 09, 2019 8:07 am
- Reputation: 2604
Re: Sell or rent out house in UK ? Should I go or RLF ?
Headaches asides, renting it out generates revenue for a long time. My personal take.pissontheroof wrote: ↑Fri Mar 12, 2021 6:56 amCan have a forever headache !Big Daikon wrote: ↑Fri Mar 12, 2021 5:38 am You can sell it once. You can rent it out forever. I wouldn't sell it.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 1249 Views
-
Last post by CEOCambodiaNews
-
- 15 Replies
- 4804 Views
-
Last post by mannanman
-
- 28 Replies
- 8999 Views
-
Last post by Ken2016
-
- 12 Replies
- 3815 Views
-
Last post by Ken2016
-
- 6 Replies
- 1819 Views
-
Last post by Ozinasia
-
- 12 Replies
- 3529 Views
-
Last post by Patcan
-
- 3 Replies
- 2031 Views
-
Last post by MisterFrenchyBoy
Who is online
Users browsing this forum: Bing [Bot], BongKingKong, mossie, ron100, Semrush [Bot], yongchi and 736 guests