The Importance of Proper Maintenance

Property prices will fall at some point in the next 20, 30 years. The key to prepare for this is to make sure that you don't put yourself in a position where you have to sell or re-mortgage your property. You only lose money on a property if you're forced to sell. I bought it right at the top of the market, so I didn't see the credit crunch coming. It's still an asset that's paying me every single month. And already the property price is in that area of recovered and actually I say negative equity,. But I'd probably break even on the mortgage now if I sold it - not that I ever would because it rents really well.