Should I Sell my Home?

[Bernard DePascale]

I moved into my home over two years ago and purchased it as a foreclosure. It was sold to us for 115k and since then we’ve been doing minor upgrades here and there like paint, ceiling fans, dishwasher, stove etc. We also had a new roof put in this past June.

I wasn’t really considering it, but while searching for tax sale investing I thought to look my own home up and see past tax histories. I searched for it on Zillow/realtor.com and it’s estimating the home around 150k-170k and homes in this area have recently sold for that range with similar structures.

Is there something I’m missing or is selling my home and purchasing something cheaper a good way to make some money? Or should I purchase a new home and rent out my first house? Neither of these were on my radar for investment opportunities so I thought I should ask.