Rent or sell an old house and buy a condominium

Just to clarify again. You took out a loan even though the old house would generate enough money through the sale?

Just to clarify again. You took out a loan even though the old house would generate enough money through the sale?

Yes, exactly. It is my parents' house which we currently live in ourselves. The plan was to rent it out, also because I was not yet ready to sell it. However, now I am considering a sale.

Well, I would be happy to have a landlord who invests nothing in the house (ungedämmt), lets me pay rent, and then even tells me how to arrange my cabinets.

Then it molds, the landlord sues the tenant, the tenant sues the landlord. Do yourself a favor and just sell the place while you’re at it.

Well, I would be happy to have a landlord who invests nothing in the house (uninsulated), lets me pay rent, and then also tells me how I have to arrange my cabinets.

Then it molds, the landlord sues the tenant, the tenant sues the landlord. Do yourself a favor and just sell the place at the current situation.

Yes, I can understand that as a tenant you don’t want the landlord to tell you what to do. I have been living in the house for a very long time now and currently there is no mold here. You just have to handle the house accordingly and I know I probably can’t expect that from tenants, even if I were to charge a moderate rent.

My tendency is clearly toward selling and buying a newly built condominium that I would then rent out. For me, it’s generally not about profit but about maintaining value.

nothing retains its value. There is only more or less demand for an object... by that I also mean Persian carpets, everyone once thought they were value-stable... so. Sell the place and that's that.

Ok thanks for your advice. And how would you invest the money that is then accumulated over the years?