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Sell our Condo to afford more, or keep for the equity gain?

Hello! My wife and I bought a condo (3b 1b) ~3 years ago for 455k (with 11% down). After refi, we owe outstanding ~360k. We live in the Boston area.

We're hoping to start a family in the next couple years, and also want a back yard for our dog. We've gone back and forth about whether to sell our condo and afford a nicer place, or keep it and rent, simply to build equity in it.

Obviously our budget changes depending on a sale. Zillow estimates our condo has increased to ~$520k, so with that relative adjustment, and our down payment, we'd be looking at an extra (let's round down) 100k cash.

I think I'd be willing to be a landlord, but NOT a property manager, so factoring in the cost of hiring that out does make me lean a bit towards selling.

Especially with wanting to have kids, I'd wonder if we'd be signing up for too much stress. But at the same time, in today's market, it feels silly to give up property when it's hard for so many to do so.

I guess I'm looking for any insight, or if anyone was in a similar position and has regrets, or loves their choices.

submitted by /u/YurthTheRhino
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source https://www.reddit.com/r/RealEstate/comments/1uqvi5q/sell_our_condo_to_afford_more_or_keep_for_the/
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