Best answer

Selling a house and then buying another home incurs costs,so it may be cheaper torent out your house and move back in when you return. Quite often,folks who are not sure where their lives are taking them will hold onto their property. Rentingallows them to do that while keeping the option open to selling in the future.

People also ask

  • Should I Sell my Home or rent it out?

  • There are several pros and cons to selling your home or renting it out and you should consider each against your own circumstances and needs?You won have to pay capital gains tax if your home is your main residence

  • Should I rent or sell my house if it needs repairs?

  • Selling or renting your home if it needs repairs When repairs matter: In general, the condition of the home matters less to potential renters than buyers. Big-ticket items: Regardless of whether you rent or sell your home, you檒l want to address issues with your home major systems, like the roof, furnace, water heater, and electrical panel.

  • Should you rent or buy your home?

  • Renting your home is more than a financial decision. It’s a personal time commitment, which isn’t for everybody. Be aware that as a landlord, you may receive calls at inconvenient times unless you hire a management company to handle repairs and emergencies for you.

  • Can I Sell my House and still own another?

  • If the professional advice is to sell your home, then it may be possible to trade down to a smaller property or to a cheaper area and still own a home, or you may be able to use a government-subsidised scheme such as Help to Buy or Shared Ownership to buy another property. Alternatively it may make sense to rent?/div>Should You Rent Out Or Sell Your House? | TheAdvisory