<prompt> Human: Hi guys, im sorry if im breaking any rules or posting questions that have been asked before, i checked the wiki, sidebar etc. and couldnt see anything. Basically I inherited a well positioned house happy to provide proof if needed when i turned 18, since then its been chewing into my resources as I am paying land taxes, rates etc. and only making 50-60k a year pre-tax. My plan for the house is to spend approx 30k on renovating it to a standard that it would be an extremely attractive rental house approx 100-250 a night depending on time of year. I love the thought of this idea as i love projects and watching it become something that i built would mean a lot to me and my family, however it is a pricey exercise.Now the other option that has just reared its head is to sell the block to a developer, theyre offering the kind of money i never even thought about being able to make but it would mean losing a potentially valuable asset to me. however it would set me up for being able to do a lot of things like travel and possibly invest.i know it should be an obvious choice but i just think id regret selling it now if i did. any knowledge or advice would be greatly appreciated. if you need more info like where the house is, land size, anything im happy to answer as long as its not giving away my personal details. thank you!  <response>: Considering that your opinion of the property up til now is that it has been chewing into your resources since you inherited it, it sounds like your attachment to the property is more nostalgic and sentimental than practical. If the developer is approaching you, dont take the first offer. Pay a couple of hundred bucks for a legitimate home appraisal, and counter with an informed number. Dont push too hard... but get what you deserve. In the end you are going to get this done without a lot of leg work and its giving you freedom from the expenses you hadnt been getting a return on. Good luck! 