Should I Rent or Sell my Carteret County Home?

This is a common dilemma for Carteret County homeowners of all kinds. You may have bought the house you're currently living in and now your family is looking to relocate, or perhaps you purchased a fixer-upper and just finished renovating it. Whatever your situation is, you now find yourself wondering if you should SELL or RENT your Carteret County property.

Honestly, there are risks to both decisions. A bad renter can totally wreck your house, ruin your appliances, skip out on rent, and even land you in court. A premature sale can cause you to miss out on thousands of dollars of potential equity. These are worst-case scenarios.

To help you avoid a regrettable decision, we took the biggest factors that investor property specialists advise factoring into your "lease vs. list." dilemma. You may check many boxes in both categories, but hopefully one will outweigh the other and you'll gain clarity on the next steps.

Signs you Should Sell Your Carteret County Home:

• It's a seller's market.
• Interest rates are still low.
• You can't charge enough rent in relation to the property's value.
• You don't have enough liquid cash on hand to cover maintenance, property taxes, and covering mortgage in the event of a vacancy.
• You have a ton of home equity to cash in on.
• The age of your property raises maintenance costs and concerns.
• You're not thrilled about becoming a landlord.
• It's just not a "good" rental.

Signs You Should Rent Your Carteret County Home:

• Demand for rentals is high in your area.
• You've always wanted to own rental property.
• You have a personal attachment to the house.
• Your house offers appealing amenities to renters.
• You're confident you could make a profit.

In the end, whichever direction you decide to move forward with, Basnight Garner Real Estate Group is here to support you! Our team of expert real estate agents would love to help you sell your home, especially in this competitive seller's market! However, if you decide you want to rent, we recommend our sister company: Bradberry Garner Property Management. It's very helpful (especially for first-time landlords) to have someone local to be a liaison between you and your renters, take care of issues, do background and credit checks on applications, and help you manage your rental. We are here to support you!

Feel free to give us a call if you have questions or if you are ready to list your Carteret County home with Basnight Garner Real Estate.  252-515-0552