Blog Hero

Why Retirees Are Selling Their Forever Homes

Request a Tour
A beautiful house set up on sale with a red sign board that reads 'For Sale'.

As people reach retirement age, they often reassess their living situations and consider whether their current home is still a good fit for their needs.

While some people may have always imagined living in their home for as long as possible, others may decide that it’s time to move on and sell their home for a variety of reasons. 

Retirees may decide to sell their home for several reasons, including:

Change in Health or Mobility

One reason retirees may choose to sell their forever home is a change in their health or mobility. As people age, they may experience physical challenges that make it difficult to navigate their current home.

This could be something as simple as stairs becoming more challenging or needing a single-story home to avoid stairs altogether. In these cases, selling a forever home and moving to a more accessible property such as a retirement community may be the best decision for the retiree’s long-term well-being.

Accessibility can be an important factor for retirees to consider, as it can make daily tasks easier and help prevent accidents and injuries.

Change in Financial Situations

Another reason retirees may sell their homes is a change in their financial situation. As people age, their income may decrease due to retirement or other factors.

This may make it difficult to afford the maintenance and upkeep of a larger home, leading some retirees to downsize to a smaller, more affordable property.

In addition to the costs of maintaining a larger home, property taxes and insurance may also become burdensome to retirees on a fixed income. Downsizing can help free up extra money for other expenses or leisure activities.

Downsizing to an Appropriate Space

As children grow up and move out, the need for a large family home may no longer be necessary.

It may be a practical decision for a retiree to sell their home and downsize to a smaller property. A smaller space can be easier to maintain and may also be more suitable for a retiree living alone or with a spouse.

Change of Scenery

After living in the same home for many years, many retirees feel a strong desire for a new environment or a different location.

Selling the home and moving to a new location may be the perfect opportunity for a fresh start. 

Moving can provide: 

An elderly couple handing over the keys to their forever home as they move into a senior living community.

Wanting to Move to a Retirement Community

One reason retirees may choose to sell their forever home is to move to a retirement community. Retirement communities are designed specifically for older adults and often offer a variety of appealing amenities, activities, and services.

These communities can be a great option for retirees who want to be more social and have access to additional support and assistance as they age.

In a retirement community, like The Villages at the River Club, retirees can enjoy the benefits of shared common areas, organized activities and events, and access to healthcare and other services.

Many retirement communities also offer independent living options, providing residents with their own private space while still enjoying the benefits of community living. For some retirees, the prospect of living in a retirement community can be a more appealing option than staying in their own home for a few reasons:

  • They may feel lonely living alone in their own home and may want to be around other people their own age
  • They may no longer want the responsibility of maintaining a home and may prefer the convenience of having someone else take care of tasks like cutting grass and appliance repair.
  • They may want the safety of having healthcare and assistance services they need nearby in a space where they are treated like family.

Independent Living at The Villages at the River Club

There are many reasons why retirees may choose to sell their homes. Whether it’s a change in health or mobility, financial considerations, a desire for a smaller home, or a desire for a new location, selling a forever home can be a practical and fulfilling decision for many.

Moving to a retirement community can be a good option for retirees who want to be more social and have access to additional support and assistance as they age.

It’s important for retirees to carefully consider their needs and priorities when deciding whether to sell their home, and to seek the advice of a financial planner or real estate professional if necessary.

If you have any questions about the amenities available at the Villages at the River Club book a tour with us to see our community in person! We’re happy to discuss how our community can give you the life you deserve when you’re ready to transition to a new living space.

Written by Lisa Klasen

“It gives me pleasure to help our residents live a life of independence, love, and joy here in our community.”

Lisa has lived in Clarksville for over 10 years and is originally from the Nashville area. She went to college at Central Michigan University, where she graduated with a liberal arts degree (psychology major).

Lisa has an eclectic work background and started her career in the human resources/training/development arena for several service-oriented companies such as Hyatt Hotels and The Forum Group (Senior Living Communities). Later in her career, she switched to real estate sales for local custom home builders for about 15 years in Indiana and Tennessee. Recently, Lisa has worked as a sales and marketing director for a local independent living community, a skilled nursing facility, and an assisted living/memory care facility.

She lives with her 4 “boys”: 2 dogs and 2 cats. She still holds her real estate license and also does professional photography during her time away from The Villages. She hopes to use her photography skills to market our beautiful building and wonderful family of residents and staff here. She looks forward to getting to know everyone!

More Articles By Lisa Klasen
instagram facebook facebook2 pinterest twitter google-plus google linkedin2 yelp youtube phone location calendar share2 link star-full star star-half chevron-right chevron-left chevron-down chevron-up envelope fax