The world has changed drastically with more and more people choosing to work from home or work from a remote location. So what are the benefits of owning a house as a digital nomad?
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The world has changed drastically with more and more people choosing to work from home or work from a remote location. This has allowed people to live with more freedom. To relocate to places in the world that can offer them a better lifestyle and standard of living.
For example, British citizens may choose to retain their citizenship and home in the UK. Then spend most of their time in a warmer climate. What therefore happens to your home if you live as a digital nomad? Is it possible to still own a property in the UK if you are traveling the world?
Depending on how much you intend to return home, the only real option available is to rent your property. Then you can receive a regular income. This income can then supplement your lifestyle as you travel the world and live as a nomad. This can be a significant benefit.
In terms of the type of rent, there are now more options available than the standard full-time rental contract. This is usually based on a 1-year Assured Shorthold Tenancy (AST). For example, there are holiday lets through Airbnb. This means that your property is not rented every day throughout the year and rather is only let sporadically as a holiday let.
You can also block out certain periods when you intend to return home so this can work well. It is not as secure and consistent as a normal rental contract. But these are options that you need to weigh up. Whether it is better to have a full-time tenant or rent your property out as a holiday is a personal choice. It’s important to note that if you have a full-time tenant then your property or home will not be available to you if you choose to return throughout the year. Overall, the main benefit to owning a property if you are a digital nomad is to secure an income whilst you are away. It also helps supplement your living and travel costs.
Sell Your Home Fast.
Owning a property always comes with responsibility. Especially in terms of the maintenance of a property. Naturally, if you are living at home then you want to keep your home well maintained. But if it is a property that you don’t live in and rent out, then management also comes into it. You need to make sure that the property is maintained. You will also need a management company to take care of the tenant.
If you opt for a holiday let, then there is also the element of people constantly coming and going. Checking in and checking out. Many people like to manage their holiday lets personally. Especially if they live near the property. Alternatively, a friend or neighbour can hold the keys to the property but there is still the point of cleaning so that the property is ready for the next guest. Renting your property as a holiday let sounds attractive because of the flexibility and allowing you to also use the property when you are back, but there are considerable challenges related to maintenance, management, cleaning, and checking people in and out.
If you decide to simplify the process and rent out your property full-time then not only can you not return to use the property throughout the year, but you are also subjected to the risk of people not paying their rent. If you have a mortgage to pay, this can cause considerable stress.
Owning a property always comes with responsibility. Especially in terms of the maintenance of a property. Naturally, if you are living at home then you want to keep your home well maintained. But if it is a property that you don’t live in and rent out, then management also comes into it. You need to make sure that the property is maintained. You will also need a management company to take care of the tenant.
If you opt for a holiday let, then there is also the element of people constantly coming and going. Checking in and checking out. Many people like to manage their holiday lets personally. Especially if they live near the property. Alternatively, a friend or neighbour can hold the keys to the property but there is still the point of cleaning so that the property is ready for the next guest. Renting your property as a holiday let sounds attractive because of the flexibility and allowing you to also use the property when you are back, but there are considerable challenges related to maintenance, management, cleaning, and checking people in and out.
If you decide to simplify the process and rent out your property full-time then not only can you not return to use the property throughout the year, but you are also subjected to the risk of people not paying their rent. If you have a mortgage to pay, this can cause considerable stress.
Sell Your Home Fast.
Serene Sale is a leading property cash-buying company that can buy a property within as little as 7 days. Everything can also be done remotely meaning that you do not even need to be in the country to sell your property. The process is very straightforward and involves only three simple steps.
When considering each step of the Serene Sale process, it is possible to understand how each part can be done remotely. You place your details on the Serene Sale website, wait for a call to discuss your property, and then discuss the next steps. This is all done remotely. Even the booking of the free survey can be done remotely as long as you can arrange access to your property. The survey then comes back, you are offered a final price – which you are free to accept or decline – then completion of the sale of your property takes place. All in as little as 7 days, or whichever timeframe suits you if you require more time.
Serene Sale will buy any property in any condition and in any location. Our friendly team has vast experience in selling property across the UK and dealing with people who are based abroad. Contact our team today to receive a free valuation for your property and learn how quickly and stress-free your house sale can really be.
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