Filed under Renting on Jun 27,2018 |
As one of life’s biggest investments, your home should be considered for all its worth, especially when it’s time for you to move on to something else. Should you sell it – or would you be better off financially by renting it? If you need the equity from the home to purchase your next residence, then selling is the easy answer. But, if you don’t need that equity right now, renting might be a good option. Renting can create an income stream while your home rises in value. But it could also present risks relating to future repairs and problem tenants. For a full read on the pros and cons of selling vs. renting, take a look at this article from Money Crashers. Or, consider these insights from House Logic.
Before you decide, give Vanguard Realty Associates a call. We can help you make an educated choice, by assessing your home’s value and its suitability for sale or as a rental property. We know the local market and can help you make the best choice for your financial and personal goals.