We have had lots of discussions with friends recently about planning for the future and so many of our friends don't have the "pension pot" that their parents did but are choosing property over pensions. The theory is that property is an investment and unless something really terrible happens, you are never going to actually lose money on it. (fingers crossed).

Lots of people now have "blended" families with two people coming together after divorce and are faced with the dilemma of having two houses. Again, so many of our friends have chosen to live in one house and rent out the other. Sounds simple doesn't it? What I didn't realise was all the red tape involved in this from changing your mortgage to the different insurances you need. You need a crash course in the etiquettes and rules of renting not to mention a guide for first time landlords on property insurance.

There are lots of things to consider but equally you avoid all the costs and headaches associated with selling a home too. Ultimately, if you rent your old house out rather than sell it, you could end up over time with a valuable asset that generates a regular income ..... which maybe better than the ever reducing pension pots that our forecast for our generation!

What do you think?

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