Smaller Living Is Better Living: Top 5 Benefits of Downsizing to an Apartment
It’s easy to get caught up in the material world. Americans work hard so they can buy big homes, nice cars, and brand name clothing. However, few people ever take a step back to look at the bigger picture of life. Does happiness really come from stuff? What about the 40 to 60 hours a week you have to work to afford all of that stuff?
People have begun asking themselves these important questions and exploring the benefits of downsizing their lives. And it all starts with our homes.
If you’re thinking about downsizing to an apartment, take a minute to check out all of these amazing benefits.
1. Smaller Bills
First, and most obviously, when you downsize from a house to an apartment, you’re going to have fewer and smaller bills. For example, if the last of your children have moved out and it’s just you and your spouse in a five-bedroom home, you could save a ton of money by renting a one or two-bedroom apartment.
Additionally, many apartment communities pay some, if not all of the utilities. And even if they don’t you’ll be paying to heat, cool, and power a much smaller space. Finally, you’ll no longer have property taxes and will be able to downgrade to renter’s insurance, rather than homeowner’s insurance.
2. Fewer Responsibilities
One of the major benefits of downsizing is the ability to shunt a vast amount of chores and maintenance obligations. Most homeowners spend roughly $9,000 a year on home maintenance and improvements. You could easily spend that money on two or three all-out vacations.
Plus, when downsizing to an apartment, you can forget about tedious and back-breaking chores such as:
- Mowing the lawn
- Weed eating
- Pulling weeds
- Shoveling snow
- Cleaning gutters
3. No Mortgage
While it’s technically covered the section of fewer bills, having no mortgage is one of the best benefits of downsizing for more reasons than one.
Aside from an expensive monthly mortgage payment, a home loan also ties you down. A home loan is a massive chunk of debt in your name that keeps you committed to one location. Do you really want a debt hanging over your head for 30 years?
If you want the freedom to travel around from country to country or state to state, you can’t afford to be worrying about your home the entire time. Owning a home means getting a house-sitter every time you leave. Plus, why pay for a house you’re never at?
Renting an apartment is a short-term commitment that allows you the freedom to live your life however you want, including saving space for change.
5. Less Space to Clean
Finally, one of the most appreciated benefits of downsizing to an apartment is a significant reduction in how much cleaning is required. If you live in a three-plus bedroom home, you know how tedious cleaning it can be.
Now imagine taking care of a small apartment. You could clean the whole thing in under an hour, leaving you plenty of time to do the things you actually enjoy.
Want to Enjoy the Benefits of Downsizing to an Apartment?
Are you in the market for an apartment and looking to take advantage of all the benefits of downsizing? Take a look at our available apartments to see if anything catches your eye. Otherwise, feel free to contact us with any questions!