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The Advantages of Downsizing to a Condominium


The downsizing trend has taken the world by storm. Although the minimalist lifestyle is now widely appreciated and accepted, a lot of people still have to grasp its advantages. The word downsize may seem to have a negative connotation to some, but, it really is a positive change when taken with the right attitude and approach.


Condominiums are considered the most sensible first-step option to downsizing.


While condo living offers a lifestyle that for some is not the traditional image of “home”; not having your own backyard, sharing amenities with other people and abiding by certain rules, many still consider condominiums as the most sensible option to a downsized lifestyle.  Condo apartments offer everything you are looking for in terms of convenience, amenities, security, and comfort. And condo-living is consistent with the ways of the minimalist lifestyle.


The Perks of Condo-Living


Convenience. Condominium buildings are built with the location as the topmost consideration. They are usually situated near basic establishments like malls, medical centres, business hubs and restaurants. You can walk to work, the parks, and is practically next door to your favourite deli or to the shopping centres.


Amenities. Another perk of living in a condo is having access to amenities that are too expensive to build or install in your own house.  Condo residents don’t have to worry about the costs and enjoy the perks as most condominium buildings have its own gym, sauna, swimming pool, terrace garden, jogging trails, business and community centre, play area for kids and even communal gardens.


Security. Hiring your own security team or installing the sophisticated security system that is common in condominiums is too expensive. You get to enjoy a higher level of security offered by most condominium buildings. Most condo buildings feature state-of-the-art security cameras, alarm systems, secured entrances and parking and roving personnel to keep its residents safe and secure.


Maintenance. Leaking roofs, fence replacements, faded paint, dirty windows, clearing driveways and yard work are major maintenance tasks that homeowners must do. These and a lot more chores are taken out of your hands when living in condominiums. And since you’re living in a much smaller area, the cleaning is a lot less too.


More Affordable. Condominiums are generally less expensive than houses, giving first-time home buyers and empty-nesters better mileage for their money. The home maintenance bill is lower, and with the downsized lifestyle it offers, the cost of living is also reduced. 

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Toronto Real Estate Board - IDX Last Updated: 11/15/2018 1:14:59 PM