[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3mryoi7hqzvbh":3,"$f2emv3tus0uf1":38,"$fbwk2pqjjqsc7":42},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},68754,"should-you-sell-your-house-or-rent-it-out","Should You Sell Your House or Rent It Out?","\u003Cp>When you’re ready to move, figuring out what to do with your house is a big decision.\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20241113\u002F20241114-Should-You-Sell-Your-House-or-Rent-It-Out-original.png","\u003Cp>When you’re \u003Ca href=\"\u002F2024\u002F10\u002F31\u002Fhow-real-estate-agents-take-the-fear-out-of-moving\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">ready to move\u003C\u002Fa>, figuring out what to do with your house is a big decision. And today, more homeowners are considering renting their home instead of \u003Ca href=\"\u002F2024\u002F10\u002F23\u002Fhow-long-will-it-take-to-sell-your-house\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">selling it\u003C\u002Fa>. \u003C\u002Fp>\u003Cp>Recent data from \u003Cem>Zillow \u003C\u002Fem>shows about two-thirds (66%) of sellers thought about renting their home before listing, with nearly a third (28%) taking that possibility seriously. Compared to 2021, when fewer than half (47%) of homeowners considered renting before selling, it’s clear this trend is on the rise.\u003C\u002Fp>\u003Cp>So, should you \u003Ca href=\"\u002F2024\u002F10\u002F22\u002Fplanning-to-sell-your-house-in-2025-start-prepping-now\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">sell your house\u003C\u002Fa> and use the money toward your next home or keep it as a rental to build long-term wealth? Let’s walk through some important questions to help you determine the right path for your financial and \u003Ca href=\"\u002F2024\u002F11\u002F12\u002Fwhats-motivating-homeowners-to-move-right-now\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">lifestyle goals\u003C\u002Fa>.   \u003C\u002Fp>\u003Ch4>\u003Cstrong>Is Your House a Good Fit for Renting?\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Before you decide what to do, it's important to think about if it would make a good rental in the first place. For instance, if you’re moving far away, managing ongoing maintenance could become a major hassle. Other factors to consider are if your neighborhood is ideal for rentals and if your house needs significant repairs before it’s ready for tenants.\u003C\u002Fp>\u003Cp>If any of these situations sound familiar, \u003Ca href=\"\u002F2024\u002F09\u002F13\u002Fchecklist-for-getting-your-house-ready-to-sell\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">selling\u003C\u002Fa> might be a more practical choice.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Are You Ready for the Realities of Being a Landlord?\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>Managing a rental property involves more than collecting monthly rent. It’s a commitment that can be time-consuming and challenging.\u003C\u002Fp>\u003Cp>For example, you may get maintenance calls at all hours of the day or discover damage that needs to be repaired before a new tenant moves in. There’s also the risk of tenants missing payments or breaking their lease, which can add unexpected stress and financial strain. As \u003Cem>Redfin \u003C\u002Fem>notes: \u003C\u002Fp>\u003Cblockquote>\u003Cem>“Landlords have to fix things like broken pipes, defunct HVAC systems, and structural damage, among other essential repairs. If you don't have a few thousand dollars on hand to take care of these repairs, you could end up in a bind.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Ch4>\u003Cstrong>Do You Understand the Costs?\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>If you’re considering renting primarily for passive income, remember, there are additional costs you should anticipate. As an article from \u003Cem>Bankrate \u003C\u002Fem>explains:\u003C\u002Fp>\u003Cp>\u003Cstrong>Mortgage and Property Taxes:\u003C\u002Fstrong> You still need to pay these expenses, even if the rent doesn’t cover all of it.\u003C\u002Fp>\u003Cp>\u003Cstrong>Insurance:\u003C\u002Fstrong> Landlord insurance typically costs about 25% more than regular home insurance, and it’s necessary to cover damages and injuries.\u003C\u002Fp>\u003Cp>\u003Cstrong>Maintenance and Repairs:\u003C\u002Fstrong> Plan to spend at least 1% of the home’s value annually, more if the house is older.\u003C\u002Fp>\u003Cp>\u003Cstrong>Finding a Tenant: \u003C\u002Fstrong>This involves advertising costs and potentially paying for background checks.\u003C\u002Fp>\u003Cp>\u003Cstrong>Vacancies:\u003C\u002Fstrong> If the property sits empty between tenants, you’ll lose rental income and have to cover the cost of the mortgage until you find a new tenant.\u003C\u002Fp>\u003Cp>\u003Cstrong>Management and HOA Fees:\u003C\u002Fstrong> A property manager can ease the burden, but typically charges about 10% of the rent. HOA fees are an additional cost too, if applicable.\u003C\u002Fp>","\u003Cp>To sum it all up, selling or renting out your home is a personal decision. Let’s connect so you have a pro on your side to help you feel supported and informed as you make your decision. \u003C\u002Fp>",false,[16,20],{"id":17,"name":18,"slug":19},6,"For Sellers","sellers",{"id":21,"name":22,"slug":23},328,"Selling Tips","selling-tips","2024-11-14T11:30:00Z","2024-11-14T11:30:22Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},68618,"more-homes-slower-price-growth-what-it-means-for-you-as-a-buyer","More Homes, Slower Price Growth – What It Means for You as a Buyer","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20241112\u002F20241113-More-Homes-Slower-Price-Growth-What-It-Means-for-You-as-a-Buyer-original.png","2024-11-13T11:30:00Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},68772,"the-big-difference-between-renter-and-homeowner-net-worth-infographic","The Big Difference Between Renter and Homeowner Net Worth","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20241113\u002F20241115-The-Difference-Between-Renter-And-Homebuyer-Net-Worth-KCM-Share-original.jpg","2024-11-15T11:30:00Z",{"cover":39,"open":40,"shareSpread":41},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[43,47,51,52,56,60,64,68,72,76,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,149,153],{"id":44,"name":45,"slug":46},1,"Uncategorized","uncategorized",{"id":48,"name":49,"slug":50},5,"For Buyers","buyers",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},7,"Foreclosures","foreclosures",{"id":57,"name":58,"slug":59},8,"Infographics","infographics",{"id":61,"name":62,"slug":63},9,"Home Prices","home-prices",{"id":65,"name":66,"slug":67},11,"First-Time Buyers","first-time-buyers",{"id":69,"name":70,"slug":71},34,"Senior Market","senior-market",{"id":73,"name":74,"slug":75},35,"Mortgage Rates","mortgage-rates",{"id":77,"name":78,"slug":79},38,"Move-Up","move-up",{"id":81,"name":82,"slug":83},41,"For Sale by Owner","for-sale-by-owner",{"id":85,"name":86,"slug":87},42,"Featured","featured",{"id":89,"name":90,"slug":91},45,"New Construction","new-construction",{"id":93,"name":94,"slug":95},52,"Luxury \u002F Vacation","luxury--vacation",{"id":97,"name":98,"slug":99},53,"Rent vs. Buy","rent-vs-buy",{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":117,"name":118,"slug":119},320,"Inventory","inventory",{"id":121,"name":122,"slug":123},321,"Agent Value","agent-value",{"id":125,"name":126,"slug":127},322,"Affordability","affordability",{"id":129,"name":130,"slug":131},323,"Buying Tips","buying-tips",{"id":133,"name":134,"slug":135},324,"Downsize","downsize",{"id":137,"name":138,"slug":139},325,"Economy","economy",{"id":141,"name":142,"slug":143},326,"Equity","equity",{"id":145,"name":146,"slug":147},327,"Forecasts","forecasts",{"id":21,"name":22,"slug":23},{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]