The opportunity to go travelling might not come up too often, and if you want to take it - and it makes sense to do so - you should. However, if you do say yes to this opportunity, you’ll need to put some measures in place first. If you have pets, for example, you’ll have to find someone to take care of them long-term. If you have a job, you’ll need to quit or ask for leave (which will probably be unpaid if you intend to be away for more than a few weeks). You need to let friends and family know where you’re going so they can stop worrying and check in with you from time to time.
You’ll also need to think about what to do with your home. If you rent, you can end the lease (in most cases, although there might be a penalty to pay if the initial term is not yet over), but what are your options if you own a property? Read on for some advice.
Sell Your Home
You’ll need to take a lot into consideration when it comes to deciding what to do with your property when you go travelling. One option that could be worth exploring is to sell the property. When you do that, you can use whatever equity you built up in the house to fund your adventure, and you won’t have to continue to pay your mortgage or any other bills while you’re away. You can save a lot of money and not have to compromise on your travels if you do this.
It’s a hard decision, though, as once you come off the property ladder it might be hard to get back on. This is why it’s best to speak to experts when it comes to homes for sale. A good realtor will be able to advise you and help get the best price for the property if you do decide to sell up.
Rent Your Home
Perhaps the idea of selling your home and not owning property anymore isn’t something that seems ideal, and yet you definitely do want to save money so that you can travel and not have to miss out on anything. In this case, renting your property to a tenant for the time you’re away could work out well.
If you do this, the mortgage and bills will be covered, and there will be someone in the property keeping it secure. The downside is that, in most cases, you’ll need to move your belongings out while you’re away, so you’ll still be paying for storage. However, you might be able to make this back, depending on how much rent you can charge.
Protect The Property
If you don’t want to sell and you don’t like the idea of someone else living in your home while you’re away, you’ll need to put measures in place to secure the property and keep it protected. If a burglar were to see that your home is unattended, they might be tempted to break in, and that would be an awful thing to come home to; it would taint your memories of the time you were travelling, plus it would be expensive to put right.
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