Should You Sell or Rent Out Your Home?
Key takeaways Choosing between selling your home or renting it out largely hinges on where you live, along with individual factors like your current financial requirements and long-term living arrangements. It might be more advisable to sell if you require the funds from the sale to finance your new residence or if you could potentially realize significant profits. Leasing it out might be a wise option if you seek extra earnings or anticipate returning after a temporary relocation. Many factors can prompt a homeowner to seek relocation. Regardless of the specific motivation, an essential consideration remains: How should you handle your present property? Based on your economic circumstances and real estate conditions locally, holding onto the house as a rental could be more advantageous than putting it up for sale. When weighing whether to rent or sell, evaluate these associated expenses for both choices along with situations where either appro...