Should you have the money to be able to afford a second house without the need to sell your current abode, then the question is should you rent out your current property and buy a new one separately or simply sell up and move as normal.
For most people,the biggest consideration is whether or not they wish to be a landlord or not,but in reality there are many other factors that should come into play.Whilst contacting local estate agents may be a good way to understand the market better,there are ways you can also decide for yourself.
Firstly, you need to study the current housing market. Should house prices have fallen and they seem to be at the lowest they are likely to get, it is the perfect time to buy a second home. By buying a second home when house prices have slumped you could stand to make a great deal of money once the house prices rise again.
However, it is not just house prices that will make a difference. The number of houses on the market will also be a deciding factor. If there are a great deal of houses up for sale, competition to sell will be fierce and you will therefore probably get far less than your house is worth if you decide to sell.
Contacting local estate agents will help you understand whether renting or selling is likely to be more beneficial in your area at that specific time, but you need to make sure that the company you choose is going to be both reputable and knowledgeable. Finding estate agent reviews online can help in this aspect.
Estate agent reviews will help you understand who offers good solid advice and who is simply out to make as much as they can from clients. So before you choose a company to seek advice from, make sure the advice they are likely to give you will be solid.