Hi all we are in a bit of a dilemma.......
I am in the Royal air force and have just been posted to a camp which is 100 miles from our house which means it is too far to commute each day.
I have been living on the camp in single accommodation since January whilst my wife and children are living in our house , Im only getting to see them for a short period over the weekend and its starting to take its toll on family life.
So we have decided to and have put our house on the market and move into RAF married quarters together were i work.
Its a nice house and we have spent a fair bit doing it up and due to this we cant afford to let it go much below the asking price otherwise we will come away with no profit.
Since moving onto this camp i have got talking to a few people in my situation that have ended up renting their own homes out and i have to agree with them it makes sense to stay on the ladder and have someone else pay the mortgage.
Our aim as a family is to save as much as possible and use it as a deposit towards the next house we buy.
Speaking to few of the local estate agents in the area of our house and they seem to be crying out for houses like mine to rent to people and they seem to think I could easily rent my house out for between £600 and £650 pcm.
our aim was to sell our house and walk away with 10k(which i dont honestly think we would !) profit and save on top of this whereas if we keep the house and rent it out , tenants will pay my mortgage, we can stay on the property ladder and still save.
We aren't really sure what to do for the best really, sell or rent
I know there are pitfalls if i go either way but what would you do in our position ??
thanks
Steve
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