Debating selling house (El Paso) and renting (temporarily) out of state closer to family (PA or OH border)

I bought my house in El Paso (Far East) early last year at about $175k (2014 build, 1,500 sq ft, 3 bed, 2 bath). I did score a great rate at 2.65 with VA loan (single/no kids at moment)… I am seeing homes listed recently that are similar to mine at $215-220k (actual sale price is hidden here, will ask my realtor if I decide to sell).

However, I am debating selling mainly to be closer to family in North east OH/ north west PA border, as, with inflation and such travel costs to visit are increasing and I honestly don’t know much of anyone here and am thinking having a support system nearby is more important. I moved here to try somewhere new after leaving military from CA… The cost of living is very similar to here so it won’t be a drastic change… I would like to buy a house out there eventually, but unknown with market.

The risks of letting go of a great interest rate and already seen surge in my home value as well as friendly Texas disabled veteran benefits is on my mind.

Would you sell and rent out of state temporary (similar cost of living)? Or, stay put and deal with higher multiple trips a year in travel costs?

TIA..

submitted by /u/No-Mix-6710
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I bought my house in El Paso (Far East) early last year at about $175k (2014 build, 1,500 sq ft, 3 bed, 2 bath). I did score a great rate at 2.65 with VA loan (single/no kids at moment)… I am seeing homes listed recently that are similar to mine at $215-220k (actual sale price is hidden here, will ask my realtor if I decide to sell). However, I am debating selling mainly to be closer to family in North east OH/ north west PA border, as, with inflation and such travel costs to visit are increasing and I honestly don’t know much of anyone here and am thinking having a support system nearby is more important. I moved here to try somewhere new after leaving military from CA… The cost of living is very similar to here so it won’t be a drastic change… I would like to buy a house out there eventually, but unknown with market. The risks of letting go of a great interest rate and already seen surge in my home value as well as friendly Texas disabled veteran benefits is on my mind. Would you sell and rent out of state temporary (similar cost of living)? Or, stay put and deal with higher multiple trips a year in travel costs? TIA.. submitted by /u/No-Mix-6710 [link] [comments]

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