N
neo
Guest
Basically I am thinking of building a new house and renting my old house, but I am not sure wether to go through with it or just sell my old house and put it against my new mortguage.
I bought my old house for 174,000 and it is worth 300,000 now.
the mortguage is about 800 euro a month. Rental on this 3 bed would be 900 per month.
The cost to build my new home is 260,000 euro. I am just wondering what the hidden costs if any there would be and if it is feasible. I am also worried that the renting market is going to get saturated with houses.
Any help appreciated.
I bought my old house for 174,000 and it is worth 300,000 now.
the mortguage is about 800 euro a month. Rental on this 3 bed would be 900 per month.
The cost to build my new home is 260,000 euro. I am just wondering what the hidden costs if any there would be and if it is feasible. I am also worried that the renting market is going to get saturated with houses.
Any help appreciated.