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Sell our house or rent it out?

Husband and I want to move some time in the next year. Not necessarily upgrade, but we want to move down to Florida to be closer to family as we will be trying to have kids soon. Our mortgage is completely paid off. The area we live in has gotten extremely popular over the past few years, our house's estimated value has almost doubled since we bought.

We are divided about whether or not to sell. If we did, we could put a significant amount into the new place and if we didn't, we'd have to take out another mortgage and start all over, obviously. It just seems silly to let go of this house now when we could rent it out and probably sell for a lot more five or ten years down the line. But of course, no one can fully predict the future. On the other hand, even if we used a property management company, which we definitely would, the idea of being in a whole other state and being landlords makes me nervous. We have absolutely no experience with that sort of thing.

I also don't mind the idea of keeping property in Georgia, especially since Florida is a politically... tenuous right now. It doesn't hurt to have a backup plan. And it would be nice to have property to pass down to our kids that will give them a good start in life.

thoughts?

submitted by /u/Evening_Spend8088
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source https://www.reddit.com/r/RealEstate/comments/1rht2o0/sell_our_house_or_rent_it_out/
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