One of the big questions people have when planning a long trip is, ‘what should I do with my house?’ If you will be away for months rather than weeks, you may be worried about leaving your home unattended because, after a while, it becomes obvious that nobody is living there. So, what should you do with it?
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One option is to ask a neighbour or a friend to pop round every now and again while you are away. The problem is, that’s a pretty big ask if you’re gone for six months or a year. You’re also paying for a house that you are not living in, which can be a big drain on funds if you are travelling.
Some people avoid this by moving out and selling their house (if they own it). This can be a good option but it also means that you don’t have anywhere to live when you return.
If you want the best of both worlds, you should consider renting your home out while travelling so you can cover the costs but you still have somewhere to come back to. If you think this is the right option for you, here are some key things you should know.
Source - Pixabay CCO License
One option is to ask a neighbour or a friend to pop round every now and again while you are away. The problem is, that’s a pretty big ask if you’re gone for six months or a year. You’re also paying for a house that you are not living in, which can be a big drain on funds if you are travelling.
Some people avoid this by moving out and selling their house (if they own it). This can be a good option but it also means that you don’t have anywhere to live when you return.
If you want the best of both worlds, you should consider renting your home out while travelling so you can cover the costs but you still have somewhere to come back to. If you think this is the right option for you, here are some key things you should know.
Ask Permission
First up, if you are a renter, ask permissions before you sublet the property. If you don’t, you could violate your lease and the landlord then has grounds to evict you. That’s the last thing you want to be dealing with while you’re trying to enjoy your trip, so always ask permission first.
First up, if you are a renter, ask permissions before you sublet the property. If you don’t, you could violate your lease and the landlord then has grounds to evict you. That’s the last thing you want to be dealing with while you’re trying to enjoy your trip, so always ask permission first.
Move Your Stuff Out
It will be a lot harder to find tenants that want to live in a house or apartment that is filled with all of your stuff. It’s best to find a company like Rosebud Mini Warehousing to put everything in storage for you. That way, when you return, you can move back in and pick up where you left off. Leave major pieces of furniture in the property if the tenant wants them, but get rid of everything personal.
Make A Few Upgrades
You don’t want to spend thousands renovating the property, but if you are trying to find tenants, you should make a few upgrades. There are plenty of cheap ways to improve your home and make it more attractive to renters. In the kitchen, for example, you can swap out the doors or even just paint them and add new handles to give the impression of a newly fitted kitchen. A fresh coat of paint throughout makes a huge difference too.
It will be a lot harder to find tenants that want to live in a house or apartment that is filled with all of your stuff. It’s best to find a company like Rosebud Mini Warehousing to put everything in storage for you. That way, when you return, you can move back in and pick up where you left off. Leave major pieces of furniture in the property if the tenant wants them, but get rid of everything personal.
Make A Few Upgrades
You don’t want to spend thousands renovating the property, but if you are trying to find tenants, you should make a few upgrades. There are plenty of cheap ways to improve your home and make it more attractive to renters. In the kitchen, for example, you can swap out the doors or even just paint them and add new handles to give the impression of a newly fitted kitchen. A fresh coat of paint throughout makes a huge difference too.
Set Expectations
When you find some tenants, it’s really important that you set expectations about the let. If they are looking for a long term place, they’re not the right fit because you will be coming back and expecting to move in. Let people know upfront when you will be back from your trip, and consider using sites like Airbnb to find short term tenants instead of permanent lets.
Renting your property out while you travel is a great way to take the financial burden off, but it’s important to follow these tips to avoid any disasters.
When you find some tenants, it’s really important that you set expectations about the let. If they are looking for a long term place, they’re not the right fit because you will be coming back and expecting to move in. Let people know upfront when you will be back from your trip, and consider using sites like Airbnb to find short term tenants instead of permanent lets.
Renting your property out while you travel is a great way to take the financial burden off, but it’s important to follow these tips to avoid any disasters.
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