Tuesday, May 17, 2011

Selling vs renting

I've been busy lately with my properties. I've had showings at my place in Stittsville as I am trying to rent it out. At least, I was trying to rent it.

It will have been available June 1.

Instead, I've decided to test the market. I think I can use the proceeds from the sale in a better way in the future, so I think its important to maximize my returns.

I've got to do some touchups before listing, since it had been rented for the last four and a half years by the same tenant. I need some paint, some carpets, and a couple of other things.

The sale of the house will allow me to reduce my total debts. This will make me more appealing to banks and will allow me to have more flexibility in my own living arrangements.

Stay tuned.

Sent from my iPhone

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