2. Condos are a great living option for people who
are retired and want to downsize, but still
want to live an active lifestyle. While
retirees can live in any southwest condos
building they want, certain demographics often
are drawn to certain buildings, meaning
retirees and young professionals, for example,
often choose different places to live. Condo
retirement communities, though, generally are
for older adults who, for the most part, at
least, can care for themselves, and want
opportunities for activities and socialization.
3. There are a wide variety of condo buildings
available to retirees (or even those who
are nearing retirement, or working part
time, for example), including both high-
rises and low-rises. For many retirees who
choose to buy or rent a condo, one of the
main reasons is downsizing. Why care for an
entire single-family home if you only use a
small part of it? Indeed, there are many
upsides to condos for retirees.
4. The upsides include: More time for activities.
You have worked all your life. It would be nice
to have more time to do the things you really
enjoy, right? Condos allow you to do that
because there is not a lawn to mow and care for.
No bushes or trees to trim. No snow to shovel.
And there even will be less maintenance, as you
can simply call building maintenance or
management if something goes wrong. If you plan
to travel in your golden years, that is a lot
less to worry about when you should be off
enjoying yourself. Other upsides of condos
include the opportunity for socialization
5. Your neighbors likely will become your
friends, and it is entirely possible the
building will have organized activities
designed for those who want to stay active.
Pools, tennis courts, and other amenities
will help you stay in shape, too.
And, finally, there is a sense of security
in a condo building. That applies both
while you are there and, perhaps more
importantly, while you are gone.
6. As they are searching for condos, retirees
should keep a couple of things in mind. Do
some research on the condition of the
property, and of the fees homeowners are
charged as part of the association. You do
not want to plan to leave maintenance
behind, but move into a place that will
require a bunch of work.
7. Also, check out the budget reserves of the
association. The fee you pay every month
pays for amenities like pools and fitness
rooms, but you do not want to get into a
situation where those fall into disrepair
because the association had to spend its
money on more pressing maintenance matters.
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