People buy condos and move into them for a variety of reasons, including downsizing from a traditional single-family home. If you've lived in the latter style of residence for a number of years, it's useful to stay open to the idea of selling your home and finding a condo for sale that suits your needs. While it's common to downsize because your children have left home—leaving you with more square footage than you need for you and your spouse—there are other signs that you may notice that suggest downsizing could be the right move for you. Here are some signs that could indicate that it's time to downsize to a condo.
Home Maintenance Is Too Much
While traditional single-family homes have many advantages, one potential drawback is that they require a significant amount of upkeep. You may eventually reach the point that taking care of the inside and outside of the home is too physically demanding or taking too much time. For example, yard work such as mowing the lawn, raking the leaves, shoveling the snow, and other such tasks can be challenging as people age. If you're noticing this, it may be time to downsize and buy a condo. In this living situation, you'll have less interior space to maintain and no outdoor space to take care of.
You Travel and Are Concerned About Security
If you and your spouse are spending much of your retirement traveling away from home, you might be concerned about the security of your single-family home. When a home is empty, it can often be targeted by burglars who have noticed signs that the homeowners aren't home. While you can get a neighbor to cut your grass and pick up your mail, there can still be signs that a house is empty. Downsizing to a condo might be the right choice in this situation. Condos are often known for their security, thanks to on-site security guards and controlled access to the grounds. This means that you won't have to worry about a break-in while you're away.
You Want to Drive Less
If you no longer enjoy driving, moving to a condo can be a good idea—especially if you currently live in an area in which you have to drive a considerable distance for your shopping and entertainment. Many condos for sale have on-site facilities that will help you avoid driving. For example, there will often be a full athletic center that you can use instead of driving to a gym. Additionally, many condos are situated so that residents can walk to shopping and entertainment areas.