Have you considered condo living?
Whether you have a recently empty nest or are a first-time buyer looking for a more accessible way to enter the Massachusetts housing market, a condo can be an attractive option.
For homeowners in their later years, moving to a condo can free up more capital in retirement. For younger buyers, condo living can offer valuable amenities and alleviate the pressure of home maintenance—all at a lower cost than many homes on the market.
But is a condo right for you right now? Here are some questions to consider:
Are you willing to give up some rooms you’re used to?
This question is particularly relevant if you’re downsizing to a condo after spending years in a home with an office, guest room, formal dining room, or other spaces that may not be part of your condo’s floor plan.
How much storage do you need?
Condos are usually more efficient in their storage options, so think carefully about which belongings you will need to be able to store. Is there an on-site storage unit or closet? Will you have a place to park all of your vehicles? Remember, for items you only access rarely, you could try other creative solutions like an offsite storage pod.
Do you plan to travel a lot—or have a lifestyle that doesn’t allow time for outdoor maintenance?
If you’re a busy working professional or have physical limitations that make yardwork challenging, a condo can help you streamline your life. It’s also far simpler to travel without having to worry about coordinating lawn service, plant watering, or snow removal—and many of these things are handled by property management.
Do you want private outdoor spaces?
Some condos have private decks and greenspace for each unit, others do not. Even with private spaces, you may have to adhere to specific community rules about gatherings, plantings, grilling, or other outdoor activities and décor.
What amenities are you looking for?
Many condo communities have resident centers, fitness centers, recreation facilities, gyms, and pools, all of which can add convenience and value to your life. Knowing which amenities matter most to you can help you decide which type of condo makes the most sense.
Do you have pets?
If you have pets, confirm that your furry friends conform to the pet requirements of the condo you are interested in.
Do you like the idea of more community and less privacy?
Particularly for condo communities geared toward older adults, there are often built-in opportunities for socializing and participating in activities without traveling far from home. The flip side is that you’re much closer to your neighbors than you might be in a typical single-family home.
Whether you want something walkable in downtown Boston or a gorgeous community in Boston’s western suburbs, there are plenty of incredible options to consider! If you’re looking for guidance as you decide whether a condo is a smart move for your next home, let’s chat.
