What is the Better Option - Sell or Rent Your Property?

In February 2018, Rahul Raghav bought a best 2BHK home valued at Rs 75 Lakh. However, after living

here for 1 year, he got an amazing job offer in Dubai that he just couldn’t refuse. He had to relocate to

Dubai. Now, what finest can he do with the home?

Rahul Raghav considers it best to sell the home and even find a potential buyer who is willing to pay 90

lakhs for the property. What do you think; getting that price is a good option? Or should Rahul Raghav

wait for the cost to boost ahead? Or offering it on rent is the right choice? Do you think that renting it

the right option or selling it to keep the money in the fixed deposit is the right choice? Well, it is one of

the biggest issues to survive with. Well, to understand things in a better way, you should find the right

solution in the case.

The case I: Selling the Flat / Apartment

Thinking about the current real estate market, Rs.75 lakhs is a good cost for a 2 BHK. In just one 12

months, the cost gets so high. Well, in this condition, selling it at the cost is expected to be a good

choice. Isn’t it?

However, if you are moving to another country on a permanent basis, selling the flat or apartment is the

right choice. The capital gains to make from selling the property are known as the profits and moves

under the taxable salary. However, consider the point that you will less money settling capital gains tax

if you advertise the possessions after two years. Apart from that, you can get more tax rebates on the

long-term capital gains.

Case II: Let the cost increase

It is sometimes that in the market of the asset the outlook is highly essential than past presentation!

Well, it is right. Meanwhile, it is important that the maintenance of the property is equally important. If

you are inside the same city, things can be hard to handle the property. And in case a property is left

unaided, it will just carry on to value loss.

Moreover, the appreciation impending of property varies on special things. It comprises infrastructure

development, employment opportunities, improving connectivity, and social infrastructure among

others.

Well, as stated in case I, the market is flooded with a wide range of options in the main segment at a

competitive cost. Thus, finding a good buyer for a resale property is not as simple as it sounds. Sell

Property Online can give you wonderful options.

Case III: Offering the Property on Rent

If you are planning to the home on a temporary basis, say for a few years, and plan to move back to a

similar city or locality, you might wish to consider renting the home during the time period.

While online real estate portals have simplified a few things, there are always grey areas. In case you

are renting out your property, hiring a property manager would be a good idea. At last, one must also

factor in fluctuations in the hire market. However, you might anticipate a definite amount of rent in the

last few years. There are more changes in the rental values that remain more or less fixed.

Case IV: Making Use of the rental income for savings in more things

If you have purchased the home on loan, well renting is a good choice as you can easily pay the monthly

EMI through the money of rent. One could make planning to sell the home if the EMIs get cover or keep

it until the retirement.