Moving to Europe--should we sell our house or rent it?
My husband's job is sending us to Europe for three years. We will rent in Europe. We may come back to the same location or be sent somewhere else at the end of the three years. That's an unknown. We have four years remaining on our mortgage. Our research indicates we can likely rent it for the amount of the note but not enough for management fees and property taxes. The market in our area has picked up lately and comparable houses in our neighborhood have sold fairly quickly in the last 18 months. We are trying to decide what to do. We love our home and the neighborhood and it would be nice to come back to it but aren't sure we want the potential hassles of renting it. We do worry about wear and tear in that we have a pool and large front and back yards with extensive landscaping that require considerable upkeep. Also, we are not open to pets. We have read there are significant tax benefits to renting out a primary residence. Is that true? We welcome (and appreciate) any advice!