Think game rooms, party rooms, swimming pools, fully equipped gyms and wellness centers, tennis or basketball courts, and club houses. Some more upscale options include libraries, rooftop pools and hot tubs, rooftop terraces, outdoor kitchen facilities, and concierge services. Upscale amenities alone can attract downsizers who want to live a relaxed, leisurely lifestyle. These extra amenities can be included in the price of purchasing or renting the unit — or will be included in a monthly HOA fee. It’s important to find out if there are any additional costs before you buy or sign a lease, and also to check whether those amenities are regularly maintained. Also, if these types of amenities are important to you, make sure you do your research to find out which condos and/or apartments within your budget offer the ones that are most appropriate and realistic for your lifestyle.
6. You can save money on “things.”
By downsizing to a condo or an apartment, you can save money by avoiding unnecessary purchases. Simply put, having less space means you’ll be less inclined to accumulate stuff, because there’s really nowhere to put it. However, with a smaller space, you will naturally make more intentional decisions and purchases, focusing more on what’s needed and what makes sense and what works in your new home, rather than buying impulsively. A condo purchase, or renting a condo or apartment, will most likely set you back a lot less than a typical house purchase would, which leaves you with extra funds for things like leisure activities, travel, and investments. And don’t forgot those all-important utility bill savings (see #2). People consume much less energy in apartments and condos when compared with their energy consumption in houses (factoring in the same usage by the same number of people).
7. You get to start fresh.
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