The passing of a loved one is naturally unsettling. This is especially true if you had a special relationship with them. What’s more unsettling, in our opinion, is when you inherit property from them. Especially if it’s unexpected. It’s natural and perfectly normal to feel lost. If you’ve recently inherited a house, and if you are still not quite sure what to do about it, then you are surely looking for a place to start. Here are a few things you can do and think about to get you started.
Make sure that the property is transferred to you; the right way
Unfortunately, though it may have been gifted to you, unless it was done the right way, it may not be yours just yet. To make sure that there’s no confusion or complication regarding the ownership, it’s always best to get professional help. Contact one of your local conveyancers and talk to them regarding this. If you have friends or family members who have recently had property transferred, ask them for suggestions too.
Look into any issues that this house may or may not have
Almost every house has a story. Similarly, nearly every house has an issue or two. Looking into these issues and finding them before they cause you a problem can be as important as hiring professionals for conveyancing. Look into things such as the mortgage, loans regarding the house and even land issues it may have. Look into it, even if you are pretty sure there’s nothing of the sort to be expected—you’ll sleep better for it. Find out cheapest conveyancing in Gold Coast.
Will you live in it? Can you sell it?
Once you know for sure that the gift comes without strings attached, you can now think about what to do with the house. The basic choices you’d have to make is if you want to use that house (that is, to live in it), or sell it off. Remember that most houses have memories attached; especially if it was a family home. Take your time making this particular decision, as you wouldn’t want to regret it in the years to come.
What should you do with it if you don’t want to sell it?
If you find yourself in the impossible situation where you cannot simply live in the house (perhaps because it isn’t in a convenient place for work or school), neither can you sell it (because of sentimental reasons); then it’s natural to feel well and truly stuck. Fortunately, you have options. You can definitely keep it shut until you see fit to use it. But apart from this, you can also use it as a holiday home for the family. You can even rent it or use it as a holiday let if you want to earn a little extra cash using the house…