Downsizing Boomers Shut Door On Condos

Many prefer houses according to the 2010 td canada trust boomer.

Downsizing boomers shut door on condos.

The upside of downsizing to a condo boomer couple loved results but they admit the process can be scary and exhausting. Some newer condo buildings based on their design have central heating and cooling systems with costs included in the monthly condominium fee. We just shut the door behind us and go out to see the world. Boomers own 32 million homes across the country about 40 percent of the total.

This won t be a blip. If you envision a retirement in which you can shut the door behind you and not have to worry about leaky water heaters and roofs downsizing to a smaller apartment or condo may be the best. The fact that condo owners can lock their door and leave for 6 months of the year is a huge benefit to many. Baby boomers lifestyle trends are turning towards spending weeks at a time enjoying newfound freedom by exploring the world.

A fresh start is fun once you take the first step out the door. Homeownership as baby boomers downsize and capitalize on senior management heirlooms and antiques are falling to the wayside they just don t spark joy. If yes condo living is the perfect option simply lock the door set your alarm and travel worry free knowing your home is kept safe and there is no up keep to tend to while you re away. For them it is an ideal situation to downsize to a condo.

Do you want to downsize to a smaller house or to a condo. Many boomers have a property to sell and if downsizing they can often enter condo ownership mortgage free and put some additional funds in the bank. Now come questions about what will happen as they sell their homes due to downsizing or death. No worries about who will remove the snow cut the lawn open the pool.