Sell existing home or make it investment property
I have purchase new home. Our existing home is nicely upgraded. I have to make a decision of keeping it vs selling it. Because of low interest rates I am very much inclined to keep it. I have 1.59% fixed 5 year or 1.25% variable rate for refinance.
I am very confused reading all horror stories for renters in this forum.
I am also worried if tenant damages the property or abuse it eg whole house has hardwood, kitchen , washrooms upgraded with nice granite counter tops, all high end appliances.
what would be the suggestions from the folks on this forum? I am located in Ontario (GTA), its a semi detached house with basement finished.
I am very confused reading all horror stories for renters in this forum.
I am also worried if tenant damages the property or abuse it eg whole house has hardwood, kitchen , washrooms upgraded with nice granite counter tops, all high end appliances.
what would be the suggestions from the folks on this forum? I am located in Ontario (GTA), its a semi detached house with basement finished.