Selling vs Renting out?
Good Afternoon,
I have a single family home in Minneapolis south suburb (worth $250K-currently owe $150K on the mortgage) which I've lived in for 14 years. Last year I spent close to $40K to replace the windows and the siding (I have one year to pay off before getting hit with a big interest rate; planning to do a cash refinance and pay the $40k that way) but now, I've decided to move to TX. Would it be wise to sell or rent at this point? I appreciate you helping me to figure this out in advance.
Most Popular Reply
@Aria Aref Adib I see this alot. There was no need to replace siding on a house that people are renting. Typically, siding doesnt improve rent. Because you spent so much on siding and windows, I would sell because now your expensive windows and siding are depreciating.