I bought my home ten years ago, after a market crash for a total steal. It's an older home (late 70s) and I've invested some money over the years in fixing it up...to make it perfect (for me!) it still needs a bit more (replacing doors, some electrical work, general updating).
With the current seller's market as it is...I'm seriously debating selling, paying off some debts and renting for a year, until the market settles back down.
Thoughts? Has anyone done this and has opinions on it? Yes, I know I'm giving up a low mortgage for a house I could easily own outright in the next year or two...but it's an older house with older house problems in a neighborhood I don't love any longer (increasing crime, issues, etc.). But...the sale of the house could give me a mid-life financial reset on outstanding debts plus an opportunity to buy a newer house down the line.
Submitted April 22, 2021 at 10:02PM by corrinebean https://ift.tt/3tJpqVl
