You need a local Realtor to sit down with you to evaluate in detail if you would be better off renting your current townhouse, i.e. will the rent cover your expenses and is there a good demand in that area for
rentals in that price range, your Realtor will be able to pull the comps and present that information to you
remember once you do not live in the property your taxes will somehow go up and you will have to
pay income taxes on the rent, calculate what your actually net will be, and include a specific amount for
potential appliance repair or replacement, you know your home!
Then discuss in detail with your local Realtor, if you are currently saving money when buying the new
home also for less, in other words if you decide to sell your townhouse, after you discuss for how much
it could or would sell, and your net to seller, and you lose money, how much less will you be paying for
your new home and the monthly payments how low will they be with the current low interest ratess
Then throw in your moving costs and closing costs for both homes, once you have all these numbers
in front of you then you can make an educated and financially thought thru decision, I hope this
helps, if you need the recommendation of a local Realtor in the Ashburn VA region let me know I
gladly send a good one your way.
Good Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)
Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
Check out my website at http://tinyurl.com/YourRealtor4Life
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HAVE THE MOST WONDERFUL DAY :)