So my husband and I have a rental property in Taranaki. Hastily put out to rent when we moved out after 3 years of living there (we moved). Our experience as landlords has been far from ideal and we are tossing around the idea of selling. We've had it nearly 6 years, bought it when you could still buy a house with 20% deposit, and the GV has gone done.
In the last few months in particular the maintenance has started to become costly (highlights would be a blown hot water cylinder and a busted underground cable), tenancy has been patchy and it's caused us a great deal of stress.
However, we also acknowledge that if we were to sell now we'd be no better off than when we first bought it (we bought young and only really because house prices were so good in Taranaki), and that it's incredibly valuable from a financial point of view to have an asset - especially if we want to invest further down the line (farm type stuff).
We haven't been able to come to a conclusion on this - so a) any advice gratefully received and b) where would be a good place to go for some professional advice on this - accountant? financial advisor?
In the last few months in particular the maintenance has started to become costly (highlights would be a blown hot water cylinder and a busted underground cable), tenancy has been patchy and it's caused us a great deal of stress.
However, we also acknowledge that if we were to sell now we'd be no better off than when we first bought it (we bought young and only really because house prices were so good in Taranaki), and that it's incredibly valuable from a financial point of view to have an asset - especially if we want to invest further down the line (farm type stuff).
We haven't been able to come to a conclusion on this - so a) any advice gratefully received and b) where would be a good place to go for some professional advice on this - accountant? financial advisor?
Comment