After years of owning a house, perhaps you’re tired of the upkeep of a large home. High utility bills, landscaping, and constantly cleaning rooms that are never used anymore can get exhausting. Downsizing to a luxury condo might be right for you! Moving to a condo can offer day-to-day flexibility and convenience, in addition to many financial incentives. If you’re on the fence, consider these pros and cons.
Pro: Downsizing your home can help you save a lot of money. House insurance, heating, electricity and property taxes cost much less when you live in fewer square feet. You can also invest the proceeds from your home to diversify your portfolio – or finally go on that bucket list vacation!
Con: Some condos may have high monthly fees to use amenities like pools and gyms. There may also be fees for the Homeowners Association, so don’t assume you’ll be saving big. Find out all the details. Talk to professionals, like me, and, if possible, current condo owners in the building.
Pro: There’s less upkeep for a condo, because you eliminate the hassle of a lawn, pool, and other items. Cleaning your house also takes less time when you have a smaller space. This makes it easier to skip off to a spontaneous vacation when you don’t have to cancel the mail or schedule the sprinklers.
Con: You might miss the extra space, with fewer rooms to host guests or a smaller entertaining area. If you’re a big gardener, not having your own yard could be a sacrifice.
Saving Your Community
Pro: Condos create a built-in community. These buildings will sometimes offer fun events, and a communal pool, tennis court, or gym provides opportunity to meet your neighbors with like-minded interests.
Con: You lose some privacy in a condo, and living in closer quarters might not be for you.
If you’re considering downsizing to a condo, it’s certainly not a bad idea – especially with some of these incredible properties currently on the market. These stunning condos might have you ready to put up that ‘For Sale’ sign!
Move to the heart of Hollywood in the W Hotel Residences! This unit features state-of-the-art kitchen appliances and views of the Pantages Theater, Capitol Records, the Walk of Fame, and Hollywood Hills. And when you tire of the view, building amenities include a pool, gym, dog park, BBQ areas, event deck, and towel service.
Discover an exceptional designer-done luxury, concierge condo with city and ocean views. The spacious living space makes it hard to believe it’s a condo! Enjoy immaculate building facilities, including sauna, gym, and private theater, plus this unit includes an exclusive private pool cabana.
Enjoy modern high-rise living at it finest with breathtaking 360 degree views of all of Los Angeles. Each unit is done in a distinct design scheme that’s uniquely Californian. Beverly West offers amenities you can’t find anywhere else, including a saltwater pool and Pilates studio.
Don’t be quick to shoot down condo living. The amenities and services truly set them apart, and can give you the flexibility to live the life you’ve always wanted..