Maybe you’ve been wondering if now is the correct time for you to downsize from your current home to an apartment. Though a change this important might seem overwhelming, the gain could outweigh the concern. Consider these four benefits to downsizing as you deliberate on what could be just the right choice for you.
- A Fresh Start. Home ownership can become a financial burden. Getting out from under the high costs of property taxes and mortgage payments can allow you to breathe easily and consider just what is really important for your lifestyle. The impulse to buy furniture and décor because it looks good on the showroom floor will be moderated by your available floorplan and storage space. The less you own, the easier it is to care for, and the more you can enjoy your chosen activities.
- Less Upkeep. Moving to an apartment will likely eliminate your maintenance costs for appliances, furnace and air-conditioning units. Problems with the roof, windows or plumbing should also be the responsibility of your landlord, taking away the worry of how to keep up with an aging home and appliances.
- Reduce Monthly Bills. In general, apartments use less electricity, heat and water. Some monthly bills may be eliminated altogether, and some costs, such as trash service, may be included in your rent. Professional landscaping and lawn care could be additional perks. The benefits of a clubhouse, an exercise room or swimming pool might also be included with your new apartment home.
While the landlord looks after your property, including emergencies, pest control, and plumbing issues, you may also feel more secure knowing that you have near neighbors. This could be just the time to find new friends and a new, freer lifestyle all at once.