Rent vs Sell Calculator

Renting or Selling Your Home





If you're fortunate enough to have an extra property or two that you aren't actively living in, you generally have two options for it, selling or renting. The decision can be a tough one and depending on the market, it may be hard to tell which is a more lucrative venture. This is where my Sell vs Rent Calculator comes in handy.


Fill in the information in the fields below to determine if it's make you more wealthy to rent your home or just sell it.


Should I Rent or Sell my House?


The answer to that question depends on how soon you need the money generated from your home. For long term wealth, you may want to rent but if you need to make lump sum sooner rather than later, selling could be the better option.


Both options carry a list of pros and cons that we'll examine in the sections below. Remember, you can always sell after renting for a while but selling is always final.


Pros of Selling Your Home


  1. Immediate lump sum of cash.

  2. No future repairs or associated costs.

  3. You can use the cash gained towards a new, bigger house.


Cons of Selling Your Home


  1. No long term residual income.

  2. You can sell too early resulting in missed profit.


Pros of Renting Your Home


  1. Residual income if you price your home properly.

  2. An extra place to live if you ever hit rough spot.

  3. Set your family up with generational wealth.


Cons of Renting Your Home


  1. Dealing with tenants.

  2. Home maintenance and repair costs.

  3. It can take a while to turn a profit, depending on the economy.


Whether selling or renting, manage your ventures in Super Easy CRM


Selling and renting homes involves a ton a planning, research and follow up. And, most CRMs out there are either not equip to handle such endeavors or are so expensive most private individuals and small businesses cannot afford them.


Super Easy CRM has all the customization and features the big boys have at a fraction of the cost. Give it try for free for 30 days today. And if you're looking for more real estate related tools, head over to my Rent Increase Calculator.


Matt Irving is the CEO of Super Easy Tech, LLC.
 
Matt is the CEO of Super Easy Tech and creator of Super Easy CRM. He is a passionate software engineer, tech blogger, and gamer. Feel free to connect on any of the platforms listed below.

Posted by: Matt Irving on 6/02/2024