Downsizing has its challenges and benefits and you will need to be prepared for anything that may come your way. Start by asking yourself what your motivation is to consider putting your home on the Owen Sound Real Estate Market. Whether it’s for financial reason or in preparation for retirement, downsizing is a decision that can be very beneficial. Smaller properties are not always cheaper, some condos and townhomes can have a small price tag but include a condo fee to be paid monthly or yearly to the condo board. Using a trusted Owen Sound REALTOR® can help find the right fit for you at a price you can afford. Owen Sound has a variety of townhouses, condos, apartments, and retirement communities, depending on your needs. Here are a few tips to help you prepare for downsizing.
- Thin out your belongings – We live in a consumer driven society where we are able to acquire vast amounts of belongings. Most of these possessions are things we do not need or use very frequently, often times sitting in storage or collecting dust. Go through things in your attic or basement that you do not use on a regular basis and part with any thing you can. You can part with these by giving to family members, charity organizations, recycling facilities, or by hosting a yard sale.
- Put large items up for sale – Going from a house to a condo means you have much more furniture than your new dwelling will be able to contain. Providing your furniture or appliances are in good condition you can put them up for sale on sites like Kijiji.ca and there is no cost to you.
- Speak with your Realtor about any hidden fees involved – Most Condominiums and Town Houses have a Condo Board, which takes care of exterior maintenance and amenities. These features cost money, which the Condo Boards pay for through condo fees. These fees are paid for by the residents of the properties and can have quite a large range depending on where the condo is located, and the Condo Board. This is a well-known expense when looking into condos, however sometimes these boards can over spend their budgets and will therefore need to increase the condo fees until the accounts are filled up again. These are called Special Assessments and can increase your condo fees substantially.
Downsizing to Condominiums for Sale in Owen Sound
Always speak to your Realtor to determine if condo life is the right choice for you. Owen Sound is a community that caters to retirees. Contact Shannon Deckers today for more information on Homes for Sale in Owen Sound or for Condos In Owen Sound.