As the real estate market has heated up the practice of renting instead of selling has cooled off, but the opportunities are still available as an option for seller’s looking to move up and also take advantage of appreciation and high rents. The rental rates in Columbus, OH have been steadily rising over the last couple of years and are forecasted to continue rising over the foreseeable future.
I have had many clients relocating into the Columbus,OH area that have been looking to rent in areas like Powell, Lewis Center, Dublin, Worthington, Westerville and so many more in order to get their children into the higher ranked schools. The single family homes available to choose from are few and far between with very stiff competition.
Below is the link to an article that talks about the “costs of renting out your home” and also explains a few best practices when thinking about renting versus selling.
Call or Email Marsh Realty Group, LLC if you have questions about renting versus selling.