Whether you’re getting ready to retire or already enjoying your golden years, you may want a change from your current living arrangement. A retirement condo can be a great choice depending on your lifestyle and what amenities you want to use.
Not quite sure a condo is the right fit for your home in retirement? No problem. Our Daytona luxury condo experts are here to help! Here are seven factors you should consider before you invest in a retirement condo.
1. Different Kinds of Condos
When it comes to a condo, there are different types. A condominium refers to any single unit in a multi-unit building or complex. Condos can range from townhouses and high rises, to semi-detached homes. Type really depends on your personal preferences – high rises can provide breathtaking views and backdrops, while townhomes can offer a yard.
- Location of Community
Have you always dreamed of waterfront living, or do you prefer a city’s vibrant and busy way of life? Condos exist in virtually every setting, which gives you endless options.
3. Budget on a Fixed Income
Most people who retire do not want to get into debt. A budget is a practical and often necessary step to help you decide how much you can afford to spend on a condo without sacrificing your lifestyle.
One great advantage of owning a condo is that many expenses are already taken care of under HOA fees, such as exterior care and maintenance – for example, you won’t have to worry about putting a new roof on.
4. All the Amenities
What amenities does the retirement condo have on-site? Is there a pool, movie theatre, gym or sauna? What about a marina with dock privileges or areas for hosting a large party? Make a list of amenities that are attractive to you and see if the property offers them.
5. Quality of Life
Retirement works best when you are happy and healthy. Find a community with activities you enjoy and opportunities to make friends or volunteer to boost your wellbeing.
6. Low Maintenance
One of the significant advantages of a condo over a single-family home is that you are not responsible for the exterior, common areas or landscaping maintenance. That frees up your time to enjoy your retirement…and doesn’t that sound nice?
- Safety
There is safety in numbers, and with condos, you know there is always a neighbor or staff on property. Your community may offer additional safety features, such as a gated entry, security cameras or guard patrol.
Ready For The Perfect Retirement Condo? Take A Look At Marina Grande!
Condos offer retirees many of the features that appeal to them. If you would like to learn more about condo living, contact our team at Marina Grande on the Halifax.
We are happy to show you why our community checks all the boxes, call (386) 310-1337 to schedule a tour today!
