Downsizing Boomers Shut Door On Condos

Homeownership as baby boomers downsize and capitalize on senior management heirlooms and antiques are falling to the wayside they just don t spark joy.

Downsizing boomers shut door on condos.

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. Boomers own 32 million homes across the country about 40 percent of the total. So when like a gazillion other baby boomers these days i decided to downsize it seemed only natural that condo living would suit my dream of a new unencumbered style. A fresh start is fun once you take the first step out the door.

The fact that condo owners can lock their door and leave for 6 months of the year is a huge benefit to many. This won t be a blip. For them it is an ideal situation to downsize to a condo. Packing and transporting enough furniture to outfit a two bedroom condo will run 1 500 if you move a few miles away and 5 000 or more if you move across the country according to the calculator.

Many prefer houses according to the 2010 td canada trust boomer. Baby boomers lifestyle trends are turning towards spending weeks at a time enjoying newfound freedom by exploring the world. Now come questions about what will happen as they sell their homes due to downsizing or death. 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.

No worries about who will remove the snow cut the lawn open the pool. 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. The upside of downsizing to a condo boomer couple loved results but they admit the process can be scary and exhausting.