Our home has doubled in value over the past 10 years - should we sell it and move to a cheaper part of the country?

A Reddit user faces a dilemma as their home value has doubled from $2 million to $4 million in ten years. At nearly 50, they seek to relocate to a more affordable area, weighing the options of selling the home or renting it out. They have a small mortgage balance and are apprehensive about capital gains taxes. Despite these concerns, selling might allow them to invest the proceeds, mitigate financial burdens, and enhance their retirement strategy.

Doubled home equity leads to a tough choice as the user weighs selling their home against the potential benefits of renting it out.

Although concerned about capital gains taxes, the Reddit user may ultimately find it more advantageous to sell their property and diversify their investments.

Read at 24/7 Wall St.