{"id":98287,"date":"2025-07-22T09:19:32","date_gmt":"2025-07-22T16:19:32","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=98287"},"modified":"2025-07-22T09:20:47","modified_gmt":"2025-07-22T16:20:47","slug":"should-you-sell-or-rent-your-home","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/should-you-sell-or-rent-your-home\/","title":{"rendered":"Should I Sell or Rent My House? Here\u2019s How to Decide"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If you&#8217;re moving to a new city, upgrading to a bigger home, or navigating a life change, you may be wondering what to do with your current house. Should you sell it and use the proceeds for your next place, or rent it out and turn it into a long-term investment?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this Redfin article, we\u2019ll outline what to contemplate to help you decide whether you should sell or rent your house. Whether you\u2019re buying a new <\/span><a href=\"https:\/\/www.redfin.com\/city\/35711\/NC\/Raleigh\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">home in Raleigh, NC<\/span><\/a><span style=\"font-weight: 400;\">, or a <\/span><a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">condo in Sacramento, CA<\/span><\/a><span style=\"font-weight: 400;\">, here\u2019s what to know when deciding between renting vs selling your house.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Key takeaways<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Selling your house<\/b><span style=\"font-weight: 400;\"> may be the right option if you need the proceeds to purchase your next home or you plan to move permanently.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Renting out your house<\/b><span style=\"font-weight: 400;\"> may be the right option if you\u2019re planning to live in your home again, have a low mortgage rate, or are looking for more income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your local housing and rental markets, and your financial situation, are major factors in your decision.<\/span><\/li>\n<\/ul>\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe title=\"Should I Sell My House or Rent it Out? | Redfin #realestate\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/h8z8uSDA_wc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<h2><span style=\"font-weight: 400;\">Key questions to ask when deciding to rent or sell your home<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you\u2019re considering renting vs selling your home, here are some questions that can help you get started. <\/span><\/p>\n<p><b style=\"font-style: inherit;\">1. What are the rental prices in the area? <\/b><span style=\"font-weight: 400;\">In some locations, rental prices can easily cover your mortgage payments. Depending on how much your monthly mortgage payments are, the rental income from your old house may cover them. You\u2019ll also need to factor in homeowners insurance and the property taxes you pay, among other costs.<\/span><\/p>\n<p><b style=\"font-style: inherit;\">2. Do you need equity from your current home?<\/b><span style=\"font-weight: 400;\"> If you\u2019re planning to buy a new home, you may need the money from the sale of your old one to place a down payment on your new house. If you\u2019re able to afford the down payment on your new home without selling your current one, then renting out your old one makes sense.<\/span><\/p>\n<p><b style=\"font-style: inherit;\">3. What is the market like in your area?<\/b><span style=\"font-weight: 400;\"> The <\/span><a style=\"font-size: 16px; background-color: #ffffff;\" href=\"https:\/\/www.redfin.com\/us-housing-market\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">housing market<\/span><\/a><span style=\"font-weight: 400;\"> isn\u2019t consistent across the country, and even different parts of larger metro areas can differ. If the current market is slow and you think you can sell your home for a higher price in a few years, then it may make sense to rent the house until housing prices rise again. However, if it\u2019s a seller\u2019s market and you can get the maximum selling price for your home, then selling it may be the better option.<\/span><\/p>\n<p><b style=\"font-style: inherit;\">4. Will you live in the house again?<\/b><span style=\"font-weight: 400;\"> Having a good tenant to live in the house can ensure that your home stays in good condition instead of sitting empty. You\u2019ll also have income from the rental property and building equity in the old home and your new one.<\/span><\/p>\n<p><b style=\"font-style: inherit;\">5. Does your house have the potential to be a good income property?<\/b><span style=\"font-weight: 400;\"> Your home\u2019s location and condition are big factors in whether you\u2019ll have steady tenants. Consider whether it\u2019s up-to-date, near public transit, and if there are other rental properties in your area.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is costs to rent out your home<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Renting your home can generate income, but it comes with ongoing responsibilities and expenses:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Maintenance and repairs:<\/b> <a href=\"https:\/\/www.redfin.com\/blog\/how-long-does-a-landlord-have-to-fix-something\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">Landlords have to fix things<\/span><\/a> <span style=\"font-weight: 400;\">like broken pipes, defunct HVAC systems, and structural damage, among other essential repairs. If you don\u2019t have a few thousand dollars on hand to take care of these repairs, you could end up in a bind.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mortgage payments and HOA fees:<\/b><span style=\"font-weight: 400;\"> If you have a mortgage or HOA fees, you\u2019ll still need to pay these each month. It\u2019s up to you to decide if your <\/span><a href=\"https:\/\/www.redfin.com\/blog\/do-renters-pay-hoa-fees\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">renters will pay the HOA fees<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Landlord insurance: <\/b><span style=\"font-weight: 400;\">Your regular homeowners insurance doesn\u2019t cover rental situations. You\u2019ll need a landlord insurance policy, which typically costs more. It offers protection for rental-specific risks, like property damage. Your tenants should also carry renters insurance to protect their personal belongings.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Finding tenants and potential vacancies:<\/b><span style=\"font-weight: 400;\"> Finding the right tenant can take time and money, from advertising to conducting background and credit checks. As a result, potential vacancies may lead you to pay your mortgage for weeks or months without any additional rental income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Property management (optional):<\/b><span style=\"font-weight: 400;\"> Hiring a property manager can help reallocate some of the day-to-day responsibilities, but it comes with a cost. Most companies charge a percentage of your monthly rent in exchange for communicating with tenants, arranging maintenance, and collecting rent.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">What is costs to sell your home<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Commission and closing costs: <\/b><span style=\"font-weight: 400;\">Often, these are the largest costs of selling a home, with <\/span><a href=\"https:\/\/www.redfin.com\/blog\/how-much-is-real-estate-agent-commission-buyer-seller\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">real estate commissions<\/span><\/a><span style=\"font-weight: 400;\"> ranging from 3 to 6% of the sale price. You can also expect to pay <\/span><a href=\"https:\/\/www.redfin.com\/blog\/closing-costs-for-sellers\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">closing costs<\/span><\/a><span style=\"font-weight: 400;\"> ranging from 1 to 3% of the sale price.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Home repairs:<\/b><span style=\"font-weight: 400;\"> It\u2019s likely you\u2019ll need to make upgrades or repairs to your home so it can stand out to buyers. This can be anything from refinishing floors to fixing a leaky faucet.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Staging and photography:<\/b><span style=\"font-weight: 400;\"> Having <\/span><a href=\"https:\/\/www.redfin.com\/blog\/how-to-stage-a-house\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">professional staging<\/span><\/a><span style=\"font-weight: 400;\"> and photography helps your home attract buyers and stand out against the competition. These cost extra, but may lead to a higher sale price.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Seller concessions:<\/b><span style=\"font-weight: 400;\"> Sometimes buyers negotiate for <\/span><a href=\"https:\/\/www.redfin.com\/blog\/seller-concessions-101\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">seller concessions<\/span><\/a><span style=\"font-weight: 400;\">, which can include buyers\u2019 loan fees, home repairs, or home warranties. These concessions can add to your total cost of selling.\u00a0<\/span><\/li>\n<\/ul>\n<p><b><i>&gt;&gt;Read: <\/i><\/b><a href=\"https:\/\/www.redfin.com\/blog\/how-much-does-it-cost-to-sell-a-house\/\" data-wpel-link=\"exclude\"><b><i>How Much Does it Cost to Sell a House?<\/i><\/b><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">Reasons to consider renting out your home<\/span><\/h2>\n<p><b>1. You\u2019re moving temporarily<\/b><span style=\"font-weight: 400;\"> and plan to return to the area someday.\u00a0<\/span><\/p>\n<p><b>2. You want additional income, <\/b><span style=\"font-weight: 400;\">and it fits into your financial plan and long-term goals.<\/span><\/p>\n<p><b>3. The rental market in your area is good,<\/b><span style=\"font-weight: 400;\"> and your home is located in a central area with amenities that stand out.<\/span><\/p>\n<p><b>4. You expect home values to rise<\/b><span style=\"font-weight: 400;\"> in the area, so it makes sense to hold on to your property and sell it later for more.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Reasons to consider selling your home<\/span><\/h2>\n<p><b>1. You\u2019re moving out of the area or to another state.<\/b><span style=\"font-weight: 400;\"> It\u2019s likely you\u2019ll need a property manager to take care of things since you don\u2019t live in the city anymore.<\/span><\/p>\n<p><b>2. You need income to pay for your next home, <\/b><span style=\"font-weight: 400;\">and selling your current home will give you the cash to finance a down payment.\u00a0<\/span><\/p>\n<p><b>3. There\u2019s potential for a higher profit now, <\/b><span style=\"font-weight: 400;\">and waiting may not be beneficial.<\/span><\/p>\n<p><b>4. Becoming a landlord will take up too many resources<\/b><span style=\"font-weight: 400;\">, between the day-to-day responsibilities and learning the laws that protect tenants.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Is rent-to-own a good alternative?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Another option when deciding whether to sell or rent your house is to have a <\/span><a href=\"https:\/\/www.redfin.com\/blog\/rent-to-own-homes\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">rent-to-own<\/span><\/a><span style=\"font-weight: 400;\"> agreement. In these situations, the tenant will place a down payment on the house and make lease payments to you for a specified period. After the lease is up, the tenant has the option to purchase the home. During the time they\u2019re making lease payments, a portion of those payments will go toward the final price of the house.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rent-to-own may work for you if the housing market in your area is stagnant. It allows you to cover the mortgage without turning your home into a rental property indefinitely. Rent-to-own can be beneficial for tenants, too, as it allows them to improve their financial situation to obtain a mortgage at the end of the lease.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Should you rent or sell your home?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ultimately, deciding whether to sell your house or rent it depends on the housing market, your short and long-term goals, and the home\u2019s desirability. If your home has great features, you have the time to be a landlord, and you\u2019ll be able to cover mortgage costs, then renting may be the right option. If the housing market is in your favor, you plan to move out of the area, or you need the sale proceeds to cover your next down payment, then selling may be the right option.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Should I sell or rent out my house? Find out the benefits of renting your house and what reasons you may want to list your home for sale instead.<\/p>\n","protected":false},"author":537,"featured_media":87113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[10756,34279],"tags":[34622,34683],"coauthors":[33440],"class_list":["post-98287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-post","category-selling-a-home","tag-home-selling-tips","tag-landlord"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Should You Sell or Rent Your House in 2025? | Redfin<\/title>\n<meta name=\"description\" content=\"Should I sell or rent out my house? Find out the benefits of renting your house and what reasons you may want to list your home for sale instead.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/blog\/should-you-sell-or-rent-your-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I Sell or Rent My House? Here\u2019s How to Decide\" \/>\n<meta property=\"og:description\" content=\"Should I sell or rent out my house? Find out the benefits of renting your house and what reasons you may want to list your home for sale instead.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/blog\/should-you-sell-or-rent-your-home\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin | Real Estate Tips for Home Buying, Selling &amp; More\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-22T16:19:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-22T16:20:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/09\/TX3.1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alison Bentley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alison Bentley\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/should-you-sell-or-rent-your-home\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/should-you-sell-or-rent-your-home\\\/\"},\"author\":{\"name\":\"Alison Bentley\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#\\\/schema\\\/person\\\/de53ec0145e2448ed553d0dbfa6b3574\"},\"headline\":\"Should I Sell or Rent My House? 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