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owner occupier considering to rent it and renovate another

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elllabellla | 09 Apr 2015, 11:56 PM Agree 0
My husband and I have renovated 2 properties before this one, we though this was definitely our last for a long while anyway as it was getting too hard with 3 kids. We have now decided that we would like to either sell this house and renovate another or just keep this one and rent it out while we buy another and renovate it. We would stay in this completed house until the next house is ready to move in so it's less stress with the kids. We have both options and are not sure which way to go about it? We have a 350000 K loan on the house that is worth at least 620000 K. So we would not be able to afford a very expensive 2nd house... is this extra stress worth the hassle...trying to keep both houses. Or shld we just sell and move to the next? Sorry if I've confused anyway... any advice wld be appreciated. Thanks 😊
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