Temporary Relocating? Leave it vacant, sell, or rent?

When you bought your house, you weren’t likely thinking about selling it. But life can throw some nasty curve balls! Temporary Relocation happens for a number of reasons. Going back to school, being closer to a family member, accepting an internship, or doing some serious traveling are all examples. And unless your house has wheels, it isn’t coming with!

If you have built up some equity and would like a fresh start when you get back, selling your house might be right for you. And you won’t grow any gray hairs being so far apart.

What if you love your house and want to come back? Then you should keep it! But here is some advice.

Don’t leave it vacant. Your house needs a care giver. Houses that have been vacant for a long time start to really fall into disrepair! You need to keep the pipes from freezing, the lawn mowed, the sidewalk clear of snow, and the list goes on forever. Little leaks turn into gaping holes in the roof if no one fixes it. For this reason, insurance rates for vacant homes are much higher.

Vacant homes appeal to vandals, thieves, squatters, and raccoons. None of which are responsible beings who want to take care of your home. As a result, a vacant home holds more risk than having renters.

Renting? Hire a property manager. This could be just a responsible friend, preferably one that is a homeowner. Have them drive by the property every once in a while to ensure that the tenants haven’t left without notice. They will also respond to any emergencies. No heat? Have them go over and confirm it isn’t user-error on the thermostat before calling a repair man.

Have them sign a lease. Being long distance, you cannot afford to have a turn-over of tenants. The tenants know that they are legally bonded and are much less likely to want to fight that battle. Unleased tenants are well aware of their freedom and will jump at a better opportunity.

Choose trust-worthy tenants. Get to know your prospective tenants as well as you can before letting them move in. If they had to leave their last place because of damages or failure to pay rent, chances are their habits haven’t changed.

If you have questions or would like to know what your house could sell for, give me a call or email — Angie Uttecht 605-350-2553 angie@soldbyangie.com