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Updated over 2 years ago,
Should I sell or rent out home
Currently own a home in Dunwoody/Doraville Georgia(on border of each but listed as Dunwoody on Google Maps). Bought with 5% down on conventional loan at 3.875 on Feb. I work in tech and have offer to move to NY making quite a lot more. Would be able to cover mortgage easily without renters and am single with no dependents in mid-20s.
In the 5 months I’ve owned house it’s appreciated another 7% as my neighbors with similar home in curl-de-sac have sold for a lot more, though things are slowing down now and could reverse. Debating on if I should sell or rent it out for small cash flow or even neutral if it’s necessary to make repairs. House is 20 years old with fairly new roof and HVAC.
I’m leaning on keeping it since my interest rate is low and appreciation plus tax deduction in the long run can have a large upside. Even more so it gives me experience in Property managing and if things get too annoying I could go to property manager or sell then.
Just wondering if I’m missing something or if you all would do something different.