So when I retire, and my oldest is out of the house to college, we are thinking we could rent that particular part (at a very reasonable rate to people we know). It is part of the house, so I can't sell it separately.

If you don't need that space, then you might as well sell it and let another family make use of it instead.

Yours is not a unique situation; a lot of older people downsize when their kids move out, and they have a lot of extra rooms and space they no longer need. Its the right decision anyway, as you're now free to be more mobile, and get rid of all the years of accumulated junk.

[–] arrow74@lemmy.zip 4 points 1 month ago* (last edited 1 month ago) (3 children)

Sure you can argue they dont need that space, but a lot of kids return after college. If I had kids I'd only downsize once they are well established. It's about ensuring the security of your family and ensuring they have a place to come back to.

Is it better to let that sit space vacant for 4+ years though?

[–] AntiOutsideAktion@lemmy.ml 3 points 1 month ago (2 children)

There are two options? Rent it for profit or leave it empty?

[–] ipkpjersi@lemmy.ml 5 points 1 month ago* (last edited 1 month ago)

Is there a third option? It's an unused room in a house that's being used.

They can rent it out, leave it out, or sell their house and downsize but then what if their oldest is out of work and can't find a new job and has to come home, but now because they downsized there's no room for them. How does that help? It seems like there are only two valid options unless I'm missing something.

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