Should I Rent My Home | Evelyn Lopes Realty Team_Blog

Monday, July 3, 2023   /   by Evelyn Lopes- Klarine

Renovate or Relocate? 3 Questions To Help You Decide

Does your current home no longer serve your needs?
If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider—including potential costs, financial implications, and quality of life.
A major remodel can be a major commitment. From hiring contractors to selecting materials to managing a budget, it can take a tremendous amount of time and energy—not to mention the ordeal of living through construction or relocating to a temporary residence.
On the other hand, moving is notoriously taxing. In fact, in one survey, 60% of respondents viewed moving as “one of life’s most stressful experiences.”1
So which is the better option for you? Let’s take a closer look at some of the factors you should consider before you decide.
 
What Are Your Motivations for Making a Change?
It’s possible that some of the limitations of your current home can be addr/ ...

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Tuesday, February 21, 2023   /   by Evelyn Lopes

PROS AND CONS OF SELLING VS RENTING MY HOME

PROS AND CONS OF SELLING VS RENTING MY HOME
EP#80

PROS AND CONS OF SELLING VS RENTING MY HOME
Are you trying to decide whether to sell your home or rent it out? This is a common dilemma for many homeowners. Here's the situation: You just bought a new home or are thinking about buying a new home and you are trying to decide what to do with your current property that you own and live in. Do you sell or rent it? It’s a big decision that requires careful consideration of both the advantages and disadvantages of each option and more importantly how your choices will affect you moving forward.
Selling your home can provide you with a lump sum of cash and freedom from property management, while on the other hand, renting out your property can provide you with a steady stream of passive income and a long-term investment. The ultimate choice, however, is not quite as simple as that. Each option whether selling or renting the property has its upside and its downside.
Which option is. ...

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