Keep, Rent, or Sell: How Seniors Can Decide What to Do With Their Phoenix Home When Downsizing

Deciding what to do with your Phoenix home once it’s time to downsize is tricky. You have three main options – keeping it, renting it out, and selling – and each one comes with pros and cons.

While it seems straightforward, downsizing usually comes with a slew of other decisions. For example, if you now require 24/7 medical care and can no longer live safely in your current house, you’ll need to figure out where to move to might feel overwhelming. While you can look online for detailed facility reports, pricing info, payment options, and reviews from other families for nursing homes in Phoenix, it’s a lot to handle.

Seizing opportunities to make any decision easier is essential. That way, you can choose a path quickly, allowing you to move forward. If you’re debating between keeping, renting, or selling your current home in Phoenix as you prepare to downsize, here are points to consider.

What to Do With Your Home: Keep vs. Rent vs. Sell

The Pros and Cons of Keeping the Home

Usually, the main benefit of keeping the home is the ability to pass it down to a family member. That’s especially true if the house is paid off (or nearly so) and in good repair. In that case, it can provide a family member with a substantial amount of value without many of the financial hassles that come with the ownership transfer. However, it’s still possible to inherit property with a mortgage, so keep that in mind.

When it comes to drawbacks, ongoing costs and maintenance are a big part of the equation. Even if the house is paid off, you’ll have to deal with property taxes and insurance. Plus, maintaining the structure and systems is essential to keep the house in good shape, which isn’t always cheap.

If you’re on a tight budget and can’t transfer ownership immediately, then merely keeping the house might not be a great option. But if that doesn’t apply and you want to pass it down, it’s worth considering.

The Pros and Cons of Renting the Home

Renting the home can be the right choice if you want to generate long-term income and are open to navigating ongoing expenses. While you’ll still owe property taxes and have to cover maintenance costs, you’ll typically get a set sum from your tenant each month the house is occupied.

As for the drawbacks, operating as a landlord can be a lot of work. Landlords have specific obligations, and they can be a lot to manage. While you can choose to hire a property manager instead, you’ll have to direct some of your rental income to cover that cost. Depending on what the property manager charges, that could significantly limit your earning potential.

There can also be some tax complexities you’ll need to navigate. Additionally, if the property is occupied when you pass, it can lead to difficulties for the heir.

The Pros and Cons of Selling the Home

Generally speaking, selling your home has a few drawbacks. The main one is that you can’t pass that property down to an heir.

Otherwise, most of what you’ll experience is benefits. The Phoenix housing market is hot, with prices rising 31.3 percent year-over-year (as of February 2022). Plus, the demand for housing is expected to remain high throughout 2022. While mortgage rates are rising, concern that they’ll keep going up could keep buyers in the market.

By selling, you also eliminate any ongoing responsibilities relating to the property. After the sale, maintenance, property taxes, and insurance for the home are no longer your responsibility. You can also use the proceeds as a nest egg, giving you extra cash to fund your golden years.

Ultimately, selling is the right choice for many seniors. If it’s the right move for you, contact Russell Shaw to learn more about what your home is worth and how you can get it on the market.

Double D Estate Cleanout and Packing Let Us Help You!

2 men and 1 Box Truck Rate $65.00 per hour

4 men and 1 Box Truck Rate $100.00 per hour

(2 Hr. Minimum) $50 fuel charge.

Roll off Dumpster rental is $400 per 7 days for large quantity cleanouts. Plus labor rate for large quantity cleanouts the same as above.

Box Packing services are the same rate per hour plus cost of materials.

Any size boxes available upon request. We supply moving equipment and pads as needed. No hidden fees.

Flat fees available upon request. Referrals available.

Call Diane to Book Free Estimates and Availability

Next Day Services Available

Double D Estate Packing


Luca is a two-year-old long-coat Chihuahua mix

Luca is a two-year-old long-coat Chihuahua mix weighing in at a chunky-monkey 24 pounds. He knows he is an irresistibly foxy boy, and his sweet puppy face will make you want to reward him with treats just for being so dang cute.  Luca will use his looks and charms to get away with whatever he can, just like any typical teenager.  He needs an experienced owner who will give him boundaries and structure.  He will learn that he is not the one in authority and that by following consistent guidelines set by his owner he can reap the rewards of love and affection.  Luca is a smart boy that does want to please.  He knows the cue to sit, plays fetch, and enjoys romping with his doggie friends.  Luca loves being taken out on walks and he will strut about town. You can meet Luca at Home Fur Good, Thursday, Friday or Saturday between 11 – 4.  The shelter is located at 10220 N 32nd Street in Phoenix. His adoption fee is $225 and includes spaying/neutering, age-appropriate vaccinations and microchipping.  You can see all the pets available for adoption at

Sinatra and Thelma

Sinatra is a tuxedo cat and he is handsome, fluffy, snuggly and very social.  He is a mature gentleman with a birthdate of 12/23/2012.  Sinatra prefers wet food over dry and he will come running when a treat bag rattles.  His treat of choice is Temptations, and he has been known to send volunteers out to the store when the shelter runs low.  Sinatra also has a way with the feline ladies.  Thelma is his tabby, long-haired girlfriend.  If you are looking for two cats, Thelma is also available and her birthday is 5/26/16.  Sinatra loves to be up high, so if you have cat trees or shelves, Sinatra will make himself right at home!  Home Fur Good open Thursday, Friday and Saturday from 11am – 4pm and is located at 10220 N. 32nd Street in Phoenix.  Home Fur Good can also be reached by phone at 602-971-1134 or by emailing  You can also check out the website at

Brooklyn Is One Smart Doggie Looking For Her Fur-Ever Home

She is a one year old, 45-pound, Pitbull mix.  Brooklyn has gone through Basic Obedience Class.  She knows the basics cues like sit, down and loose leash walking.  Brooklyn is treat motivated and aims to please, so training comes easily.  Brooklyn loves to hike and has started her own peak bagging list.  She is dog selective, enjoying larger dogs that like to rough house.  Brooklyn would be happy in a family with one parent or one full of kids, she only wants to be an active member.  Home Fur Good is located at 10220 N. 32nd Street in Phoenix.  The shelter is open Thursday, Friday and Saturday from 11-4.  You can call HFG at 602-971-1334.  Visit the website at

Kimmie is a tabico!

She is an eighteen month old calico tabby, she is a brown tabby with orange sprinkles.  Kimmie is outgoing and social, doing her best to get everyone to play.  If you don’t play with Kimmie, she will entertain herself while putting on a show for you.  Kimmie also does her best to make friends with the other cats and kittens at the shelter.  Come down to Home Fur Good at 10220 N. 32nd Street in Phoenix.  The Free Roaming Cat Room is open for adoptions Thursday, Friday and Saturday from 11am – 4pm.  You can also call at 602-971-1334.

Kettle is a very people-oriented doggie.

He thrives when taken out for social interactions and activities.  The calendar says that Kettle is seven years old, but no one has told him that.  He is energetic and loves to be active and on the move.  Fetch is his game and his feet start to dance when he sees the leash.  He is a 35 pound Staffordshire terrier mix, perfect to fit on a lap for snuggle time or to take out on an adventure.  Home Fur Good is located at 10220 N. 32nd Street in Phoenix.  The shelter is open Thursday, Friday and Saturday from 11-4.  You can call Home Fur Good at 602-971-1334.

Ginger is the queen with a perfect amount of Cattitude

If you would like the privilege of living with a cat that knows they are the superior being, then Ginger is your girl.  Ginger was born on January 21, 2014 and she will allow you to feed her, play with her and scratch her under the chin until she decides otherwise.  Ginger can be very loving and playful and then she will decide she needs alone time.  Ginger does ask that she be the only cat in her forever home, since there can only be one ruler.  You can meet Ginger at Home Fur Good, 10220 N 32nd Street, Phoenix, Thursday through Saturday from 11am-4pm.  If you have any questions please call 602-971-1334.

Elks Vendor Fair Saturday, March 8th from 9am to 2 pm

The Benevolent and Protective Order of the Elks (BPOE) takes on a very active task in supporting communities locally, throughout Arizona and on a national level.  Elks Lodge #335, located on North 32nd. Street, is a hidden gem right here in our own neighborhood. This Lodge has many members whose mission is to help build a strong community.  These members contribute and support such local programs as Veteran’s Dinners;  The Thanksgiving Basket Program which provides food baskets for Veterans and their families; Dinners for our local Law Enforcement Officers and Fire Fighters; Drug Awareness Programs; Scholarships; Children’s Back to School Program providing new clothing and supplies for children; Young Readers Program; and programs that provide several local schools with dictionaries for their 3rd grade classrooms.

Their newest program, the Single Parent Relief Project, will offer support and assistance to single-parent families in need.  On The First Saturday of each month these families will be welcomed into the Lodge for a hearty breakfast and each will be assisted with food, baby supplies, school supplies and more. The objective will be to assist 20 families in 2014.

Please join us on Saturday, March 8th  from 9am to 2 pm  for our Vendor Fair, featuring food trucks, arts and crafts booth, a DJ and Door Prizes.   Free Admission and Parking at Elks Lodge #335, 14424 N. 32nd. Street. 

Contact Joe Carroccio for further information 480-329-3957