What should you do with your UK home when you move to Spain?
Expats have several options for what to do with their home in Britain when they come to Spain
Many Brits will tell you that the answer to dealing with the bleak weather in England is simple: move to Spain. There are more than 350,000 people from the UK who’ve moved to the sunnier southern land, with greater numbers flocking here every year.
It can be a difficult decision deciding what to do with your UK home if you do move, though. Should you sell up and invest the money or keep it as a rental to earn a steady income flow? The other alternative would be to keep it as a British holiday home for a couple of months of the year.
Sell up or rent?
For many expats, the thought of simply leaving their house sitting there doing nothing in the UK doesn’t make sense. Selling up and reinvesting the cash in the Spanish property market could make more sense, as it would allow you to buy a dream villa over here.
For people who want to do that, it’s easier nowadays thanks to online tools. There’s no long wait for the money if you go through sell house fast companies. All you have to do is provide details about your abode and get a cash offer within days. You can sometimes receive the capital in a few weeks too, meaning that it’s there and ready to reinvest in Spain.
The other option would be to keep the home in the UK and rent it out. This is a good idea if you want to have a steady flow of income while in the country, and if you have a feeling that you might want to move back one day. However, doing it this way may mean that you won’t have enough cash to buy your ideal home in Spain.
Keep it as a homesick haven
Some people simply can’t cut ties with their UK dwellings, and it’s understandable. Most expats will agree that there are many things they miss from the UK. For all its advantages, you just can’t get all 57 varieties of baked beans or fish and chips around these parts. That’s why it’s good to go home every now and then to experience those comforts.
For people who know they’re going to get homesick, keeping the British abode as a homesick haven isn’t a bad idea. You can travel back and stay for a couple of months each year – or at least until you remember why you decided to leave in the first place. Of course, this isn’t for everyone, and you’ll need to have quite a lot of cash piled up to be able to live out this nation-hopping scenario.
The key thing to remember is to not rush into any decisions. If you’ve never lived in Spain before, it’s not recommended to sell your house before you’ve had a taste of the lifestyle here. The wise move would be to come over for a few months and see if you like it first. Then, you could start thinking about what to do with your UK home.
