Call Us Today: 1-303-688-1110 — 24/7 Maintenance: 1-720-744-2415

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
Source: http://www.moolanomy.com/3776/selling-versus-renting-should-you-sell-your-home-or-rent-it-out-ttolar/

Related Articles

Share This

Quick Search Listings

x