Hi,
I need to decide whether to sell or rent out my house so looking for some opinions. Getting married soon so moving in with soon to be wife into her property.
Bought 3 bed semi in west Dublin in 2005 for 300k. Mortgage remaining of 195k and valued at about €260k. 19 years left on mortgage.
Could achieve rent of €1200 per month but the issue is I will loose my tracker Mortage so need to assume a 4.5-5% Mortage rate once rented. Repayments would be about 1250 per month at that rate.
With all the fees, taxes, potential hassle etc I am sure I won't make much from renting and with a young family I have little time to be a landlord so have to factor extra costs of having an agent handle the letting and tenancy.
I am wavering between selling up or rent it and see how it goes. Are they any ways of looking at this that might help make my mind up?
Thanks
I need to decide whether to sell or rent out my house so looking for some opinions. Getting married soon so moving in with soon to be wife into her property.
Bought 3 bed semi in west Dublin in 2005 for 300k. Mortgage remaining of 195k and valued at about €260k. 19 years left on mortgage.
Could achieve rent of €1200 per month but the issue is I will loose my tracker Mortage so need to assume a 4.5-5% Mortage rate once rented. Repayments would be about 1250 per month at that rate.
With all the fees, taxes, potential hassle etc I am sure I won't make much from renting and with a young family I have little time to be a landlord so have to factor extra costs of having an agent handle the letting and tenancy.
I am wavering between selling up or rent it and see how it goes. Are they any ways of looking at this that might help make my mind up?
Thanks