With the market changes we’ve experienced since the housing bubble burst, this is a question The Belt Team gets a lot. And we are happy to do both a rental and a sale market analysis for you. But when counseling our clients, we also know there is much more to consider than just the simple numbers of rent, mortgage and sale price.
If you have never been a landlord before, there are many things to weigh – whether to hire a management company or not, who will do repairs, whether you’re prepared if your tenant loses their job and defaults, when you might actually need the proceeds from the sale of the home, and more.
It’s not always about waiting and hoping to get top dollar when you sell at some magic point in the future. So if you’re considering renting your home out, you need to analyze the decision from an investor point of view.
Here’s a great article from Keeping Current Matters that lists 10 Questions To Ask BEFORE You Rent Your Home.
Call Terry Belt or Kevin Kleifges at (703) 242-3975 for more info. Our clients are clients for life, so whether you sell now or in the future, we’ll help you to make the best decision for your family and your pocketbook!