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.
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).
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