Austin is a great city for real estate investing,
but whether you should rent or sell your property depends on several factors. Here are some key considerations:
1
Cash Flow:
If your goal is to generate cash flow from your property, renting it out may be the better option. You can collect monthly rent from your tenants and potentially earn a profit after expenses. However, if you need a lump sum of cash, selling your property might be the better option.
2
Real Estate Market Conditions:
The current real estate market in Austin is highly competitive, with prices continuing to rise. If you sell your property now, you could get a high price, but it may be challenging to find a new property to invest in at a reasonable price. On the other hand, if you decide to rent your property, you could benefit from a steady income stream, as the demand for rental properties in Austin is always high.
3
Long-Term Investment Goals:
If you’re looking for a long-term investment, renting your property might be the better option. Austin’s population continues to grow, and the demand for rental properties is expected to remain high. You could hold onto your property and continue to collect rent for years to come, potentially earning a significant return on your investment.
Ultimately, the decision to rent or sell your property in Austin depends on your specific circumstances and investment goals. It’s essential to evaluate all the factors and consult with a real estate professional to make an informed decision.
Terms and Conditions
This Rent Vs. Sell Calculator is provided by PMI Austin. By using the Rent Vs. Sell Calculator and clicking the “Calculate” button, you agree that the information and estimates provided are for general information purposes and provided “as-is” without warranties of any kind, expressed or implied, including without limitation the warranties that it is free of defects, errors, viruses, merchantable and that it is fit for a particular purpose. Your usage of the Rent Vs. Sell Calculator is at your own risk. Under no circumstances shall PMI Austin be liable for direct, indirect, incidental, special, or consequential damages, resulting from any aspect of your use of the Rent Vs. Sell Calculator including but not limited to damages that arise from your inability to use the Rent Vs. Sell Calculator or the interruption, modification, or termination of the Rent Vs. Sell Calculator or any part thereof.
Rest Easy Knowing Your Rental Is Protected.
21-Day
Our Austin property managers guarantee to find a quality tenant for your rental property in less than 21 days, or we will waive the first month of management fees.
On-Time Rent
When a tenant pays rent on time, we will deposit the payment into your account within ten business days. If not, we will refund that month's management fee.
Satisfaction
If you are not completely happy with our services and want to leave us, you may cancel your property management agreement without penalty with 30 days' notice.
Pet-friendliness
Most property owners are unaware of the benefits of having a pet-friendly property. By permitting tenants to bring pets, we ensure your investment is more valuable.
Real Results
We don't get paid until you get paid. With Property in Austin, you’ll know we are working hard for you, so you don’t have to pay us until you get results.
Leasing
You should never have to pay twice for us to find a new tenant for your property. If the current tenant does not fulfill at least six months of the lease term, we will find a new tenant for free.
Tips For Selling
Give your house a deep clean
The first impression of a home is crucial, so it's important to take the time to thoroughly clean your home before listing it. This includes wiping down surfaces, mopping floors, cleaning toilets and bathrooms, and refreshing rugs. Consider hiring professionals to ensure your home is in the best condition possible. A clean home will appeal to buyers and help you secure a better price for your property.
Declutter the home
A cluttered home can distract potential buyers and make it difficult for them to envision themselves living in the space. By decluttering and organizing your home, you can create a more inviting environment that allows buyers to focus on the property rather than being overwhelmed by your personal belongings. This can increase the appeal of your home and make it more attractive to potential buyers.
Call a Handyman
To increase the appeal of your home to potential buyers, it's important to address any necessary repairs before listing it. Taking care of necessary repairs can show buyers that you have maintained the property and can give them more confidence in the home's condition. Addressing any issues beforehand can create a more positive impression and potentially secure a better price for your property.
Paint the Walls
Updating the paint in your home can do wonders to freshen up the space and make it more appealing to potential buyers. Choosing a neutral color palette throughout the house can help buyers to more easily envision their belongings in the space rather than being distracted by bold or outdated colors. By keeping the color scheme neutral, you can increase the appeal of your home and make it more attractive to potential buyers.
Increase Your Curb Appeal
Know what you can live with and cannot live without and also those things that can be taken care of with a simple remodel. If you need a four-bedroom home, don't buy one with two that requires a massive addition which can break your budget.
Stage your Home
Homes staged with furniture tend to sell more quickly because they feel more inviting and homely. If you have neutral furniture that you can leave in the home, it can enhance the appeal of the space. If you don't have the necessary furniture, consider hiring a professional staging company to help create a cohesive and welcoming look. This can increase the appeal of your home to potential buyers and lead to a quicker sale.
Depersonalize your Home
While it can be helpful to leave a few tasteful, framed photos around the house to create a welcoming atmosphere, removing personal items such as family photos is generally a good idea. This allows potential buyers to more easily envision themselves living in the space and can help them to feel more connected to the home. By removing your personal items, you can create a more neutral environment that allows buyers to picture their belongings in the space easily.
Questions? Contact us!
Give us a call at 512.861.1397 or use the button below to send us a message.
