Should I Rent or Sell My Home?
If you're moving and trying to decide whether to sell your home or keep it as a rental, start with the numbers. We'll help you look at realistic rent, equity, expenses and your long-term goals before you make the decision.
Analyze My Rental PropertyRenting vs. Selling
Which Makes More Sense for Your Property?
There is no one-size-fits-all answer. The right choice depends on your mortgage, expected rent, equity, future plans, maintenance needs, local demand and how long you are willing to hold the property.
Costello Property Management and The Costello Group work with owners on both sides of that decision. Because we handle both real estate sales and property management, we can help you evaluate the options without needing the answer to be the same for every property.
Two Different Strategies
Reasons to Consider Renting — and Reasons to Consider Selling
Neither option is automatically right. The property's finances, your equity and what you want to accomplish should drive the decision.
When Renting May Make Sense
Keeping the home as a rental may be worth considering when the property fits your finances and longer-term plans.
When Selling May Make More Sense
Selling may deserve a closer look when accessing the equity or eliminating the responsibilities of ownership better fits your goals.
Look Beyond the Monthly Rent
The Numbers Matter
A good rent-versus-sell decision should consider more than what a tenant might pay each month. The full picture includes the property's ongoing expenses, potential rental performance, current equity and the cost of selling.
Sometimes a property that looks like a great rental at first glance does not work once all of the expenses are considered. Other times, an owner may be surprised by how well keeping the property works.
Start With Realistic Rent
What Could Your Home Rent For?
Knowing realistic market rent is one of the most important pieces of the decision. An automated estimate alone may not account for the property's condition, updates, lot, layout, amenities or current competition.
We can review your property, local rental competition, expected demand and likely rental range so you have better information when comparing keeping the home against selling it.
Get My Rental AnalysisWhat We'll Look At
We'll consider the property itself, comparable rentals, current competition, location and likely rental demand. If you're also considering professional management, the same form allows you to request management pricing at the same time.
Where Do You Go From Here?
Explore the Option That Fits Your Situation
You don't have to decide before gathering the information. Start with whichever question you need answered first.
What Could It Rent For?
Get a realistic rental analysis and, if you want it, a property management quote for the same property.
Request a Rental Analysis →Already Know You Want to Rent It?
Learn how Costello Property Management handles marketing, tenant placement, rent collection, maintenance and ongoing management.
View Property Management Services →Considering Selling Instead?
If selling may make more sense, The Costello Group can help you evaluate the home's current market value and potential sale strategy.
Find Out What Your Home Is Worth →Costello Property Management + The Costello Group
You Don't Have to Guess Which Direction Makes Sense
Start with the rental side of the equation. We'll help you understand what the property may rent for, and you can request management pricing at the same time.
Analyze My Property