Should You Rent Out or Sell Your House?

When it’s time to move, deciding what to do with your current home can feel overwhelming. Should you sell it for cash and move forward with peace of mind, or rent it out and try to generate long-term income?

It’s a question many homeowners ask, and there’s no one-size-fits-all answer. While renting may seem like a way to build wealth, it comes with responsibilities that not everyone is ready for. At Blue Ridge Ventures, we’re here to simplify the selling process for homeowners who want to avoid the hassle of being landlords.

Let’s look at some key considerations to help you figure out the best option for you.

Is Your House a Good Fit for Renting?

Becoming a landlord is a commitment, and not every property is ideal for renting. If your home is in a neighborhood where rental demand is low or needs repairs before it’s livable for tenants, renting it out might not be the best choice. Additionally, if you’re moving far away, keeping up with maintenance and managing tenant issues from a distance can become a real challenge.

If these challenges sound like more than you’re willing to take on, selling your home directly to Blue Ridge Ventures for cash can be a much simpler option—allowing you to move on without the stress of upkeep or managing tenants.

Are You Ready for the Realities of Being a Landlord?

While renting out your property might seem like an easy way to earn extra income, the reality of being a landlord is often much more complicated. You might be dealing with late-night calls about maintenance issues, repairing tenant-caused damage, or facing the hassle of evicting tenants for non-payment.

As experienced homebuyers, we’ve heard plenty of stories from landlords who found that the headaches weren’t worth the income. That’s why at Blue Ridge Ventures, we focus on providing a smooth and straightforward selling process, so you can avoid the stress of managing a rental property.

Do You Have a Good Understanding of What It’ll Cost?
Even if you’re counting on rental income, don’t forget about the costs of maintaining the property. Here are a few expenses to keep in mind:

Mortgage and Property Taxes: These are your responsibility, whether or not the rent covers them.
Insurance: Landlord insurance is typically more expensive than homeowner’s insurance, but it’s a must.
Maintenance and Repairs: Home repairs can add up, especially if your home is older.
Vacancies: If your property sits empty between tenants, that’s a loss of income you’ll need to cover.
Management Fees: If you hire a property manager to handle tenant issues, it typically costs about 10% of the rent.

If the ongoing costs of renting are starting to feel overwhelming, selling to Blue Ridge Ventures could be the perfect alternative. We buy homes as-is, so you won’t have to worry about repairs, vacancies, or managing tenants.

Bottom Line
At the end of the day, whether you rent out your home or sell it depends on what’s best for your unique situation. Renting out your home can generate income, but it comes with responsibilities and unexpected costs. If you’re looking for a simpler option, selling to Blue Ridge Ventures means no repairs, no fees, and no headaches—just a smooth, stress-free process.

Whatever you decide, we’re here to help you make the best choice. If selling your home sounds like the right move, Blue Ridge Ventures is ready to make it easy, so you can focus on your next adventure.