Finally, choosing a condo or an apartment can give you a new outlook on life, especially if you’ve never lived in a condo or apartment before. “The apartment represents a new beginning without home burdens such as high property tax payments and larger mortgage or rent payments, depending on the location of the apartment. It can feel liberating to start a new life chapter, and it may inspire you to make other freeing decisions, too” (Nationwide Mutual Insurance Company).
Key Takeaway:
For many homeowners who are downsizing, the prospect of purchasing another smaller home isn’t appealing, but neither is jumping into retirement community living. Condo and apartment living can provide a happy medium, offering the “best of both worlds.” Living in a condo or apartment means less upkeep and fewer expenses — especially when it comes to utilities — as well as time to meet people, engage in activities, and enjoy various amenities.
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