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Cody Faucher
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To sell our home, or rent to continue growth through equity?

Cody Faucher
Posted May 16 2024, 01:35

I live in the outskirts of Mechanicsville, VA just outside of Richmond. My wife and I have lived in our current home for three years but are in the process of moving to Pennsylvania. Our real estate agent is saying that we can get $80,000 more than we paid for the home currently. We have an offer from a friend that would like to rent our home for $200 more than our mortgage. So far, it seems our home was a good investment after hearing that. Should we keep our home, rent it out and continue to build the equity? Do you think the housing market specially in this area, will continue to grow as it has?

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