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Selling Your Home vs. Renting in New Castle County, DE

by Tucker Robbins

Accepting a new job, moving closer to aging parents, or looking for a fresh start, you’ve decided to relocate. You haven’t chosen a real estate agent to get your house sold, because you’re considering using your house for extra income as a rental.  There are pros and cons to becoming a landlord, so look through these tips to get you started on making the decision. 

 

  • - You need to first look at the financial aspect of renting your house. 

  • - Landlord’s insurance premiums may cost more than your homeowner’s insurance. Talk to your insurance agent about the differences in these policies. 

  • - Do the math--if you have a loss after all your expenses (insurance, repairs, property taxes, etc.) are deducted from the rental payments, it’s a better idea to sell. 

  • - If the money that a home sale would generate will help you buy a new place, by all means, sell. 

  • - One factor to consider is that if your move is temporary--you know you’ll be returning in a few years, and it may be a good idea to lease while you’re away, so you won’t have to house hunt upon your return. 

  • - Take into consideration that in larger areas, there may be times of a vacancy.  Can you handle the old mortgage and the new?  If not, put the house on the market. 

  • - If there are improvements that need to be done to the home before you can sell it, and you’re not financially able to make them, then renting may be a good option.   

  • - Keep in mind that most tenants will not care for your house like you, and, after moving, it could be at a great cost when you have to make the repairs.   

  • - Things can happen, and you may get tenants that can’t pay the rent on time, or stop paying rent, and you’re stuck with the mortgage payment, as well as having to go through the eviction process.  

  • - Do you really want to become a landlord?  Talk to a few people who are experienced in renting and leasing property, writing down questions to ask, and get their thoughts on the process. Experience is the best teacher. 

 

Renting or leasing your home is a big decision to make, especially if you know you may be coming back.  The stress of renting just might be greater than house-hunting when you move back.  Talk to other property managers in your area and look at your financial information before you make the final choice. When you decide to sell, call a trusted RealtorⓇ. 

 

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.   

Photo credit: homevestors.com

4 Hacks for Moving Into Your New Home

by Tucker Robbins

moving tips

The big day is almost here!  You and your family are moving out of your old house into a new home! It’s an exciting time, however moving can be a huge headache if you go into it unprepared.  Below are a few tips and ideas on how to make your move a success.

  • If you plan to hire a moving company to take care of your move for you, don’t be afraid to do your homework on the different moving companies.  There are some moving companies out there that will help to make your move a lot easier while there are others that can simply make the entire process a nightmare.  You owe it to yourself to do a bit of research and to find the best moving company you possibly can.
  • Another bit of advice for moving from one house to another is to prep for the move ahead of time.  Make sure that your movers know if they will be moving heavy things such as kitchen appliances and have them unplugged and cleaned out before the movers arrive so that they can easily and quickly get the heavy objects taken out of the way. 
  • Get your packing done before the big moving day arrives.  Moving companies do not want to be tripping over you while you are frantically packing last minute items into boxes that have yet to be taped and ready to move.  If you have your job done before the movers arrive, they will be able to get their job done in a quick and successful manner.  It’s also a good idea to stack your boxes against the walls of the rooms so that the movers can easily move about as they are working.  Again, if your job is done, their job will be easier and all will be happy. 
  • Label your boxes so that movers will understand what room it goes in.  If you label the boxes with your kid’s names, it’s likely the movers will have no idea which room the box belongs in once they arrive at your new home.  Keep it simple and label the boxes accordingly. 

If you do your part to make sure you have done all you can do to make the move an easy process,  the moving company will be free to do their job and do it right.

Courtesy of New Castle County DE Real Estate Broker Tucker Robbins.

Displaying blog entries 1-2 of 2

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Contact Information

Photo of Tucker Robbins Real Estate
Tucker Robbins
Berkshire Hathaway HomeServices
3838 Kennett Pike
Wilmington DE 19807
(302) 777-7744 (direct)