Over time, a rental house is likely to increase in value and capital appreciation can be gained as well as a steady rental income.

When renting out your house take time to research rents in the area.

Apart form the higher rental cost, renting a house is similar to renting an apartment or flat.

For anyone starting employment for the first time renting a house is great option, however it’s not advisable to rent a house for the whole of your life time.

A tenancy agreement is signed when renting a house and is a binding contract between you and the landlord.

A house rental will require regular maintenance and attention. Be prepared to use qualified professionals when needed.

Renting a house can sometimes be expensive and establishment costs should be considered when moving.

Consider renting a house similar to borrowing a book from the library. The house should be ready for you when you move in and should be returned in the same condition as you found it.

Be aware that renting a house will not give you a license to do as you please. You must comply with your tenancy agreement.

Try to make your tenants feel at home, when renting a house it’s beneficial to have the tenants staying for as long a possible.