Austin has seen excellent price appreciation over the last few years. As a result many homeowners have decided to move up to a larger home and lease their current home. Before making that decision it’s good to have an understanding of what it costs to rent a home so you can make an informed decision about your property.
Renting a home is more than just multiplying the expected rent by 12 months. Here are some of the expenses you may incur if you decide to rent your home.
As always you should consult with your own tax and financial advisors.
Perhaps the biggest expense of leasing your home isn’t something you have considered. Opportunity cost means by making one choice you can’t do something else. Not selling your home means…