Property – Should I Sell or Rent ? Evaluate

Property – Should I Sell or Rent? Evaluate Your Options

Umpteen Property owners, due to a variety of reasons, decide to move into a new home. One question that could be flashing unfailingly: Should I sell or rent out my house? It’s a big question to evaluate.

No doubt that you will open up a fresh stream of Income for you but you could as well be slipping into a landlord role – strong responsibilities and headaches!


But can you afford to own two homes?

Your existing home, current property, may still have running home loan installments. Additionally, your new home would need fresh financing. Obviously, you would have checked your eligibility for the same. Do the math on the return of Investment of a rental.

Calculate if the rental income covers the installments for the new home. Check the rent section at for current rentals in your area. Or contact the Real Estate Agent in your locality.

Please note that you will also have to incur costs for the rental property like maintenance, repairs and if you opt, Property Management. There may be times when the rented house sits empty between tenants. If your rent income does not cover your required monthly outgo, you may end up taking a monthly loss.

Please also check with your tax consultants for benefits related to home loan interest, property tax, operating expenses, depreciation, and repairs.Also, consider the “opportunity cost. “ Evaluate whether you would potentially make more investing that money elsewhere, such as stock market or other retirement vehicles.


You will be becoming a landlord, Congratulations! but be careful. Are you in a position to take additional responsibilities? Will you be able to tolerate the stress that comes with being responsible for the home you are living in, as well as a rental, particularly if it’s long-distance?