Wednesday, August 7, 2024 / by Dick Keenan
Deciding Whether to Rent Out or Sell Your House
When you're ready to move, deciding what to do with your current home can be a big decision. Should you sell it and use the proceeds for your next step, or keep it as a rental to build long-term wealth? This decision isn't always straightforward. Whether you're interested in rental income or concerned about the responsibilities of being a landlord, there’s a lot to consider.
Here are some key questions to help you determine the best option for your situation.
Is Your House Suitable for Renting?
Even if you're interested in becoming a landlord, your current house might not be ideal for renting. Consider the following factors:
Location: If you're moving far away, maintaining the property can be challenging.
Neighborhood: Some neighborhoods aren’t conducive to rental properties.
Condition: If the house needs significant repairs, renting it out might not be feasible without substantial investment.
If any of these points apply, selling might be y. ...
Here are some key questions to help you determine the best option for your situation.
Is Your House Suitable for Renting?
Even if you're interested in becoming a landlord, your current house might not be ideal for renting. Consider the following factors:
Location: If you're moving far away, maintaining the property can be challenging.
Neighborhood: Some neighborhoods aren’t conducive to rental properties.
Condition: If the house needs significant repairs, renting it out might not be feasible without substantial investment.
If any of these points apply, selling might be y. ...
