Now is the time to live in style. If you've never considered living in a condominium before, you may want to. Imagine being free of the many responsibilities that come along with being a homeowner. Chances are, you've been dealing with those responsibilities for years. It just may be time for a change.
The idea of downsizing is inevitable. After your kids have grown up and moved out, eventually the idea comes up. Sure, you needed a five-bedroom house before, but now it just seems like there is too much empty space. Do you really need it? The answer is probably no. If you're ready to de-clutter your life and cut back on the responsibilities that come along with being a homeowner, then it may be time for a change. You may be considering an apartment to downsize, but renting can be a hassle. A great alternative is a condominium.
The difference between a condominium and an apartment is that you own your individual unit, but share common areas, like hallways, elevators, common rooms, pools, etc. Condos are also typically higher quality than apartment buildings in terms of the aesthetic and overall cleanliness, due to the difference in rental and sales markets.
Condominiums come in all shapes and sizes. They may be high-rise buildings, low-rise buildings, duplexes, or triplexes. This means you can choose the kind of condo that is right for your needs. Do you want a smaller-type of home or something that is more of an apartment style? Whatever you decide, there are options available.
If you are looking to downsize to a condo, there are a number of benefits to consider. For example, major costs, like window repairs or roofing, are shared between the owners. One of the biggest draws to condominiums for the golden age is the maintenance free living. Someone else handles snow removal, cutting the grass, or any repairs. You won't have to worry about a thing!
There are so many benefits to living in a condo versus renting an apartment. You will be able to have your own space (but not as much as that old five-bedroom you've left behind!) but still have a sense of community and know that day to day maintenance will be taken care of for you. What could be better than that?
Now that you know some of the perks, all you need to know is where to turn. There are a lot of great companies that will help you to find exactly what you are looking for. If you're still trying to decide where you want to downsize to, Toronto is a fantastic option. The great location may be just what you're looking for at this point in your life.
Are you ready to take that next step? Whatever your living situation is now, a condo may be a good choice for you in the future. Condominiums are great for the golden age! Celebrate the next chapter of your life with a space that is perfect for you and your needs now.