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Updated over 6 years ago,

User Stats

7
Posts
0
Votes
Anthonie B.
  • Houston, TX
0
Votes |
7
Posts

Keep Primary Residence vs Sell?

Anthonie B.
  • Houston, TX
Posted

I bought a house about 2 years ago. We have two small kids (2 yrs and 10 months) and the school district in our area is not great at all.

We are thinking about moving to a better school district within the next year or two before the kids need to go to school. The homes in those areas are obviously a bit more expensive since the school district is better. 

I don't think my house will be a very good rental. 4 beds/2.5 bath, 2,200 sq/ft and rent prices are approximately $2k-2.2k for our area for this type of house. Rent of $2k would cover mortgage, property taxes and insurance but no excess cash flow. So in my mind, that is money NOT well invested. Ie. No return (Apart from principal pay down).

Do I keep the house or sell it?

I was thinking of maybe keeping it at first until we have bought our other house and then trying to rent it for a year or so and then selling? 

Any suggestions? 

Keeping it allows us the flexibility to sell it on our terms instead of being rushed/forced to sell which is never good.

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