To the question listed above I am leaning toward renting, although my situation sucks overall.
I bought my home almost two years ago, after all was said and done it was priced at $165k +closing costs. My PITI is sitting at $1100. Currently I owe about $163k now so I do not have much equity, although I have made many upgrades like wood floors in basement and dining room, paint, trim and landscaping plus fence. Most of the house has upgrades like granite countertops and remodeled bathrooms.
The house was valued at $170k two years ago, and I believe could worth more today, maybe 175-180k.
I now have orders to Korea and need to sell or rent, I would try and rent @ $1425 just to gain more equity. After property management and PITI I would be positive about $200. I already have half months rent for 1 year for repairs that may incur. Am I missing anything? Any help is greatly appreciated.
