Reasons why you should not ignore the Pros and Cons of renting out a house
This question’s answer may differ from person to person. It depends on various factors, including your financial situation, job security, the housing market in your area, and your plans. But the situation gets even more stressful when one cannot decide whether to sell the house and rent or not. This debate is old, and people often get confused when deciding between buying or renting a home. Both options have advantages and disadvantages.
Pros of renting
Cons of renting
Pros of owning a house
Cons of owning a house
When should I sell my house?
Efforts to make to sell your house fast
1. Declutter and stage your home
2. Price competitively.
3. Market effectively.
How do I find the best rental house?
What portion of my income should I set aside for rent?
Several factors determine how much rent you should set aside, including your payment, the cost of living in your area, and your other financial obligations. A good rule of thumb is to not spend more than 30% of your income on rent. That way, you can cover all your other expenses while still having money left over for savings or other goals.