Retirement, the long-awaited moment when you can finally enjoy life to the full. For many Quebecers, this also means considering a change of residence to be nearer to amenities, reduce household chores and free themselves from the worries of maintaining a home. Moving to a condo turns out to be a particularly interesting option for them. Discover in this article the benefits of condo living when retiring.
Close to everything … far from nothing!
Living in a condo offers a certain simplicity and several practical advantages. The buildings are generally located near essential services such as grocery stores, pharmacies, and medical clinics. This means you can easily access all that you need without having to travel long distances. Additionally, many complexes provide convenient on-site facilities such as exercise rooms, swimming pools, community gardens and even recreation areas, making your day-to-day more enjoyable and varied.
Complete Serenity
Most buildings offer security measures such as surveillance systems and guards, which makes you feel at home. Plus, living in a condo often involves a closer, more supportive community, which gives you peace of mind knowing you can rely on your neighbours when needed.
Reduced Mental Load
No more gardening chores, repair work and general home maintenance. Moving into a unit of a co-ownership building frees yourself from these responsibilities. Usually, a team of professionals takes care of the common areas, the exterior and the infrastructure, allowing you to focus on the activities you love and enjoy your retirement to the fullest.
Opportunities to Mingle
Living in a condominium also offers many opportunities to break isolation. Several of them organize activities such as yoga classes, book clubs, theme nights and much more. This allows you to easily meet other retirees with the same interests and make new friendships. All of this promotes a dynamic and fulfilling social relations, which is beneficial for your overall well-being.
Here is a brief reminder of the aspects to consider when buying your unit:
The location
The emplacement of the condominium building is an essential point to consider. Think about your needs and preferences for proximity to services, shopping, public transportation, and medical facilities. Do you want to be close to your family, your friends, or your favourite activities? Also evaluate the environment, access to nature, and other amenities important to you. The ideal place is the one that matches your lifestyle and makes it easier to get around daily.
Condo Fees
Living in a condo generally involves monthly fees to cover maintenance, insurance, services, and common amenities. It is important to understand them and check that they fit your budget. Find out about possible increases and ask to consult their financial statements to assess its health. Indeed, it is better to have a clear vision of the expenses before deciding.
Rules and regulations
The condos are managed by a specific code established by the association of co-owners. It is important to read it carefully to confirm that it fits your lifestyle and needs. Some of them may have strict standards on pets, renovations, quiet hours, etc. Make sure you understand them and feel comfortable with them before you move.
The Amenities Offered
Condos often offer shared facilities and services such as gyms, swimming pools, recreation areas, gardens, and spaces for barbecuing. Think about your preferences in this area and make sure the property you are considering has the ones that match your needs. They can contribute to your well-being and quality of life by providing opportunities for socialization and activities.
The Management
Are the professionals or the syndicate responsible for managing the co-ownership? Make sure you know the experience and the company’s, or the board of directors, reputation. Daily operations carried out skillfully and efficiently are essential to ensure a sound organization of finances, repairs, and maintenance of the building.
For those who are retiring, living in a condo offers a significant simplification, especially for travel enthusiasts. When they decide to leave, management is taken care of, snow removal and lawn mowing are no longer a concern. This is a great way to break the isolation often felt during this change of pace. However, it is necessary to consider your specific needs and to visit different places before settling. The compatibility between your habits and those of the co-ownership is the key for a successful experience. This is a precious period of existence, so it is essential to choose an environment that suits you and that will allow you to enjoy this new stage.
Ready to try the adventure? Let’s talk about it! Contact our team to make an appointment!
