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).
Key Takeaway:
For many homeowners who are downsizing, the prospect of purchasing another smaller home isn’t appealing, but neither is jumping into retirement community living. Condo and apartment living can provide a happy medium, offering the “best of both worlds.” Living in a condo or apartment means less upkeep and fewer expenses — especially when it comes to utilities — as well as time to meet people, engage in activities, and enjoy various amenities.
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