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Reasons Why Condos are the Best Retirement Home

 

Retirement is one of those milestones that call for a change. A change in lifestyle, change of scenery and a new home. Due to the significant financial, physical and lifestyle changes, most retirees will need to downsize and/or move to a more retiree-friendly location. Condos are popular as starter homes for singles and young couples. Here are reasons why they are also the best option for retirees;

 

Comfort and convenience

You have reached the phase in your life when you no longer want to drive to places just to get your groceries, watch a movie or eat at fancy restaurants. Condominium buildings are centrally located – next door to most living amenities. They’re also a quick stroll away from parks, hospitals, shopping centres and farmer’s markets. Some buildings offer concierge services for utmost convenience.

 

Companions are aplenty

Companionship is a common challenge many retirees face. Condominium buildings include plenty of shared spaces where its residents can meet and socialise. You will have the opportunity to expand your social circle, meet new people and build new relationships. You can find a swimming buddy at the pool, a fitness partner at the gym, or a barbecue enthusiast on the terrace lounge. 

 

You have peace of mind as your safety is a priority

Condo buildings have tight and sophisticated security system that ensures the safety of all its residents. You don’t need to worry about random burglars breaking into your home or vandalising your car, so you sleep tighter at night and enjoy your travels knowing that you and your home are safe and secure.

 

You’ll have more free time

No more stressing over the rooms to clean, the yard to maintain or fence repairs. You will have somebody to fix the pipes, maintain the roof, keep your windows clean and the furnace working. Condos have maintenance personnel who will take care of these chores for you. Then you’ll have more time to spend rediscovering your hobbies, pursue the travel plans set aside while you were busy raising a family and more time to spend with the people who matter – your loved ones, family and friends.

 

The cost is lower

The maintenance costs of a two-bedroom apartment unit are lower than maintaining a two-bedroom house. Fewer rooms to maintain, fewer walls to paint and less furniture to buy. Major expenses like roof replacement or fencing are shared by all the residents, lowering the cost to each. You can also save up on a gym membership, club fees or cable subscriptions. Most condominium buildings include swimming pools, health clubs and cable subscriptions in their list of amenities for the residents to enjoy. 



 

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Toronto Real Estate Board - IDX Last Updated: 8/18/2018 6:38:06 AM