15 Nov 2024
If You Are Thinking of Downsizing, Condo Living Seems Like A Practical Choice.
Many parents are left with a large empty house with way too many bedrooms, once the kids move out. They face the problem of keeping the house clean, maintaining the garden, shoveling the snow from the drive way and the list goes on and on.
Now more than ever, people are making the switch from living in a big house to moving to a much smaller condo. This can be a practical choice, especially for retirees.
Condos usually have great access to transit systems and are usually located close to medical centres and recreational facilities.
Many condos come with enticing amenities such as swimming pools, libraries, games rooms and recreational facilities that are maintained for you. And you don’t have to worry about the lawn or taking the trash out on garbage day.
If you like travelling for long periods of time, then a condo provides security when you are away – from coded access to security cameras, to underground parking. You don’t have to make arrangements with friends, neighbors and family to pick up the paper and keep an eye on your property when you are away.
If you have a fixed income, there are condos that have utilities included so that you can budget exactly how much you have to pay every month.
You may free up money that would have otherwise been spent on property taxes, utilities, property maintenance and substantial mortgage payments. These savings can then be utilized to invest in your retirement savings, go on an opulent trip, or help your children build equity by supporting them in their first home purchase.
Living in a condo is synonymous with personal freedom and time for yourself. Many empty nesters are selling their homes for a liberating condo lifestyle that comes with many benefits.