Should You Rent or Sell Your Home?

Which utilities should be included with a rental?

The Pros and Cons of Renting Your Home

January 10, 2024 | M. Cave

Many people who purchase a new home have the option of keeping their existing home as a rental property. While this can be a great option for many, it's important to be familiar all of the advantages and disadvantages or renting vs selling your home.

Here are some important pros and cons to consider before renting out your home:

The Pros:

Potential Rental Income
Paying Down The Mortgage
Building Equity in the Home
Tax Advantages of Real Estate Investments
Future Rental for Family or Friends
Potential to Sell for a Higher Price Later

The Cons:

Potential Wear and Tear on the Home
Risk of Non-Performing Tenants
Increased Costs of Insurance
Tightening Rental Regulations
Vacancy and Turnover Expenses
Property Management Expenses

Our broker Matthew Cave, was recently quoted in an article on TheMortgageReports.com, that broke down many of the advantages of renting vs. selling your current home. Follow the link below to read this in-depth assessment of the advantages and disadvantages of renting your home.

Read the full article below.

Read Article

Other Resources

Please be sure to check out our previous post Is My Home a Good Rental? Here we'll discuss what type of home makes a good candidate for a rental property, and steps you can take to assess your home as a rental.

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The Pros and Cons of Renting Your Home

The Pros:

The Cons:

Other Recent Posts

Is My Home a Good Rental?

What is the Trifecta?

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