If you are serving in the military and wanting to still build up equity for a home, it can be hard when you are sent somewhere else but still need to pay payments in your home. You may want to live in the beautiful state of California but may be stationed overseas.

Paying for your monthly house bills can be expensive and annoying when you don’t even live there. A great alternative to these problems is renting out your home when you are away. Below are a few things to keep in mind when renting out your home so that you can know whether or not this is the best decision for your situation.

Ultimately you will be turning down the thermostat so that you are able to lower your monthly bill. This means that you need to make the necessary adjustments so things to freeze and get ruined while you are away. Alongside all of this, it is important to make sure that all of your waterlines are drained. You also need to drain your toilets and the water heater.

There are many helpful tips to do-it-yourself projects around the home. Some are to save the multiple credit card offers you get in the mail (you know, the ones with actual cards in them) and use these cards as glue spreaders or shims in in your next woodworking project.

Likewise the next time you are taking on a woodworking project, it may be helpful if you lubricate any screws you may be driving into hardwoods with soap or wax. This will largely prevent the hole within the wood from being stripped.

Another common home improvement project that many people participate in is reupholstering their furniture or pieces of their furniture. For these types of projects, one of the best tips is to use an old electric carving knife from the kitchen as a foam cutter; the electric knife will be a perfect solution to the often aggravating problem of cutting soft materials such as foam.

This can also be expensive if you don’t have a tenant. If you are renting out your home but don’t have a tenant yet, than you can be left with paying for the mortgage on two homes and that money can quickly sink someone.

No matter what you choose, make sure to weigh out your options. If you love where your home is and you plan to go back, then renting can be a great option for you. When you have found your home and are using a VA home loan, renting can help offset the cost and keep you happy knowing you are building equity and have a good home to go to.

Government Loan Pro is a licensed VA and FHA mortgage broker and we can provide a large variety of VA Purchase options for you and your family. We make it easy to find refinancing options for your VA home loans, great rates on purchasing loans, and we’ll connect you to the mortgage lender who can answer your questions and help you make the decisions that fit your financial needs.