Should I Sell My Home and Rent When I Retire?

Table of Contents

Retirement is an exciting milestone that opens up a world of new possibilities. Many of us view it as a time to downsize, simplify our lives, and embark on new adventures. However, deciding what to do with your home, often the largest investment you’ve made in your life, can be a daunting process. To help you navigate this pivotal decision, this blog post will discuss why you might want to sell your home and rent when you retire, the variety of options available, and how to make the best choice based on your individual circumstances and retirement goals.

Getting Calls from Downsizers and Retirees

As contractors, we receive many calls from individuals looking to downsize or those already in retirement. Often, these individuals have spent many years in their homes and are now considering how best to move forward.

We understand that these individuals are not just selling a property; they’re deciding what’s next for a chapter of their life that often holds decades of memories. The critical question we ask is, “What’s your plan?” Because planning for the future, especially when it comes to your living situation, is a vital part of a successful retirement strategy.

Exploring Your Options

When it comes to deciding if you should sell your home and rent when you retire, it’s essential to explore all your options. Independent living communities, particularly those designed for individuals over 55, are popular choices throughout Kansas City and the United States. These communities often offer various financial models, each with its unique advantages and features.

Some of these communities offer a partial buy-in option. This option allows you to invest some money upfront, which appreciates over time. When you pass on or decide to leave the community, the proceeds can then be handed down to inheritors or rolled into accounts like your 401K.

Other communities require an outright purchase, giving you the benefits and responsibilities of ownership within a supportive community. Yet others offer no buy option, operating strictly on a rental basis.

Renting in a Retirement Community

In many cases, the decision to sell your home and rent when you retire comes with a host of additional services. Depending on the retirement community you choose, the rental fee often includes amenities such as lawn services, snow removal, daily meals, and even organized events in community centers or pools.

It’s crucial to remember that deciding whether to rent, buy, or partially own your retirement home is a lifestyle choice. As contractors, our role is to help create the opportunity for you to make the right decision for your retirement journey.

AB Solutions: Timing Your Move

When it comes to selling your home and deciding where to move next, the timing can be a significant concern. This is where we introduce the concept of AB solutions.

The ‘A’ in the AB solution represents the selling of your current home, and the ‘B’ signifies the buying or renting of your next home. The beauty of the AB solution is that it allows flexibility with the timing of your move. We can stretch the contract out over one or two years, and the contract will include a clause that states “we’re going to close on or before X date.”

This means if you find your dream retirement community in two months or if you stumble upon a place you’d like to move into, but they don’t have an opening for eight months, that’s perfectly fine. We can adjust the contract to meet your timeline, providing the certainty of your ‘A’ solution while you figure out your ‘B’.

Ensuring a Seamless Transaction

Once you’ve decided to sell your home and rent when you retire, the next step is ensuring a seamless transaction. We do this by professionally closing on your home. After the contract is agreed upon, it’s sent over to the closer for underwriting. Think of it as placing your contract on a shelf, in a safe and warm place while you finalize your ‘B’ solution.

With this approach, you can have the peace of mind that there are no games, no selling of transactions, contracts, or brokering. We believe in a transparent, straightforward process where the homeowner’s needs come first.

Creating Opportunities

Whether you decide to rent, buy, or own partially in your retirement years, it’s ultimately your decision. Our goal is to create opportunities for you to make the best decision that fits your plans for retirement.


Remember, selling your home and deciding where to live in retirement doesn’t have to be stressful. You have options, and with the right support and resources, you can make the decision that best fits your retirement goals.

So if you’re considering whether to sell your home and rent when you retire, don’t hesitate to contact us. We’re here to support you through this important decision, providing advice, resources, and professional services that make your transition into retirement as smooth as possible.


Eric Scheele

Owner & CEO