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Pros and Cons of Selling Versus Renting

Pros and Cons of Selling Versus Renting

Pros of selling include

  • rolling over or freeing up equity that can be applied toward your next residence
  • tax-free capital gains to those who qualify
  • the simplicity of maintaining only one property

Cons of selling include

  • the loss of potential appreciation of property
  • taking a loss on that property if selling in a bad market

Pros of renting out include

  • benefiting from property appreciation
  • benefiting from certain tax breaks
  • a steady stream of income from rental payments

Cons of renting out include

  • potential problems with tenants
  • loss of tax-free capital gains when selling
  • property damage
  • a large cash commitment to more than one property

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