Should You Sell Your House and Rent When You Retire?
AuthorKelsey Heath. Date:
For most Americans entering their 60s and 70s, the house they live in is their largest asset. Nearly 80% of adults over 60 own a home, and on average, they hold more than $300,000 in equity, totaling over $9.2 billion. Homeowners approaching retirement often wonder, “Should I sell my house and rent? Downsize? Or stay in my current home?” That decision involves weighing cooling home price growth and appreciation rates averaging 2–4% annually in most real estate markets. Meanwhile, rental costs continue to rise at a steady pace, climbing 3.4% year over year. The question isn’t just whether to downsize or relocate, it’s whether selling and renting might offer greater freedom, security, or long-term benefit. This guide explores the factors that shape the decision of whether or not selling and renting is right for your financial situation. It weighs the financial upsides, touches on the emotional tradeoffs, and includes tax … Continued
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