Published June 7, 2018
Should I Sell or Rent Out My Home?
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If you are ready to move on from your current home, should you sell the home or rent it out and start building wealth? In today’s market, there are a few different scenarios that you can explore if you are asking yourself the same question.
When working with a professional, you want to be clear on your plan. Some will quickly buy or sell a house, and maybe it is not the best option. That being said, it might be a better idea to rent out the home and let the appreciation benefit you.
We are seeing anywhere from 4% to 11% in home appreciation right now. If you can afford to keep your home and buy another, then you are ready for the “wealth-building” stage of your life. We can help you rent out the property to a tenant, manage it, and start to generate some passive income.
It is not the right play for everyone. A lot of people think they want to own a lot of real estate and be a property owner, but property management can be difficult. Before you decide to rent it out, you really have to strategize with a professional. You don’t want to just rent the home out to a bad renter and be out thousands of dollars in repairs.
I do not want to be the guy who scares you about the idea of renting out your house. I just want you to be educated. If you are interested in renting out your current home or selling it, give me a call or send me an email. I would be happy to discuss the specifics with you and whether or not it is a good decision for you right now.
If you have any questions for me about building your wealth through real estate or anything else related to the market, please feel free to give me a call or send me an email. We look forward to hearing from you soon.
