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Downsizing from Owning a Home to Living in an Apartment

When most people think about moving, they think about moving up, which means moving from an apartment into a home. This is definitely the norm, and in some ways, it’s what’s expected from society. However, that’s not necessarily what’s happening throughout the United States.

According to the U.S. Census Bureau, homeownership in the U.S. is just under 65 percent, its lowest point in almost 20 years. The truth is, there are many reasons why people make the choice to downsize into an apartment, rather than keep their costly homes.

Avoid surprise maintenance costs

Living in your own home can feel liberating, that is, until the septic system blows out and you’re stuck footing the bill. That isn’t the case when you live in an apartment.

When 76% percent of the people living in America are living paycheck to paycheck, dishing out thousands of dollars on repairs will likely put you into debt. Even small emergencies can be a cause for alarm as it’s been reported that nearly half of all Americans have less than $500 saved up for an emergency situation.

There’s no need to worry when you live in an apartment. If the toilet breaks, the heater goes out, or even if the windows just need to be replaced, you won’t have to pay for it. Your monthly costs of living in an apartment are always the same. By downsizing into an apartment, you’ll never have to worry about surprise costs again.

Move at any time

Owning a home is a good idea if you plan on sticking around for a while, but not all of us have the urge to call the same place home for decades. If you’re interested in doing a little traveling, if you’ve just been offered a new job in the city, or even if your loved one isn’t quite ready for the nursing home, but she can’t stay in her house, an apartment might be the right choice for you.

There’s no need to spend all that time, energy, and money trying to sell your house when you live in an apartment. After you make the switch, you’ll never have to go through that mess again.

More free time

One of the most convincing reasons to downsize from a home to an apartment is the fact that you’ll enjoy tons more free time. This is one aspect that is usually overlooked when people move from an apartment into a home, and one huge reason why people sometimes make the choice to sell their home to move back into an apartment.

The grass needs to be mowed. The flower beds need to be weeded. The driveway needs to be shoveled. There is a lot that goes into maintaining property! When you live in an apartment, you don’t have to do any of those things. Instead, you get to wait around until they are done for you, and you don’t even have to pay someone else to do them!

If you notice that there’s a problem, all you have to do is call and someone will be out right away to take care of it. Why salt your own walkways or pay someone else to do it for you when you can live in an apartment and get it done for free!

Moving from a house into an apartment isn’t an option for everyone, but it might be the right option for you. It’s a great way to get your finances in order and enjoy life a little more. You can even look for a rental house to enjoy all the benefits of living in a real home without all the additional

Posted by: mountainviewpm on February 9, 2016
Posted in: Uncategorized