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Property News

Property management decisions for empty-nesters

April 26, 2012

As time moves on and children grow up and move out on their own, there comes a point where parents may find that they have more space than they actually need.

The simple fact is that entire areas of the house may end up being used for nothing more than storage - young adults are notorious for using their old rooms as a sort of personal locker for all their old property.

While keeping treasured memories safe can be a sound decision, there are a number of options other available to homeowners looking to get the most out of their property.

In some cases, simply selling off the family home and downsizing is not a viable option - whether due to financial considerations, personal reasons or a mix of both.

However, there is a method available that allows you to use your current home to generate income without selling it outright.

If you are simply looking to move to smaller premises that are easier to clean, but still want to keep the family home in your possession, it could be a smart move to look into the prospects of making it available for lease.

With a professional agent in place, a rental property allows the owners to move on to more manageable premises while earning an income from their current accommodation.

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