Are you retired and considering selling your house, to rent a condo in Montreal? This path comes with several advantages, and we will review the main reasons to make this choice. This essential decision will ensure a superior quality of life for years to come! A high-end apartment or luxury condo for rent in downtown Montreal, is an extremely interesting option to consider, both in terms of interior design, general facilities, and location.
You can enjoy the freedom
When you choose a condo for rent in Montreal for your retirement, you will likely appreciate the freedom it offers. With your flexible hours, it’s the perfect opportunity to spend time with the people you love and enjoy your favorite hobbies. The daily maintenance of a house will not bother you, and you will have the freedom to carry out all your projects. Want to travel for several months with a free mind? A condo for rent in downtown Montreal can quickly and efficiently become the right solution for you.
Renting a condo in Montreal can offer you great financial flexibility
Choosing to rent a condo in Montreal instead of buying, is not only advantageous for retirees. A growing number of young professionals who live alone are opting for the tenant-investor status, due to the level of difficulty accessing the property.
If you take into account the costs of buying a condo (the price of the property, condo fees, interest on a mortgage loan, inspection and notary fees, etc.), as well as the annual costs (mortgage insurance, condo fees and dues, property and school taxes, etc.), all of these expenses absorb a hefty part of your condo’s return in the long term.
However, if you choose to rent a condo in Montreal, you can avoid these expenses. Tenants who are disciplined with their savings can invest the difference and use the time saved in maintenance and management to further their careers, as well as to seek profitable investments to grow their savings.
Complicated relationships between co-owners
As people say, you can’t choose your neighbors. Relationships between co-owners can, for a variety of reasons, become difficult, especially when there are disagreements over the management of the building. You should also consider that even if you have pleasant and involved neighbors at the time of purchase, this may not always be the case. The sale of a unit in your condo may bring you an annoying, noisy, or nosey neighbor; or perhaps even worse, a financially irresponsible one. You will then have the undesirable task of regularly negotiating with them.
Simplicity
Choosing a condo for rent in downtown Montreal for retirement is a smart choice, and presents many advantages. With less space, you have more time to focus on the priorities that are important to you. You will benefit from an environment adapted to your situation, and you will be close to the necessary services. As a result, your quality of life will improve, while simultaneously reducing the amount of menial daily tasks you need to do.
Safety and health
Your choice of housing can be affected by your health condition because many types of housing offer a secure lifestyle that is well-adapted to your condition. By choosing an apartment or condo for rent in downtown Montreal, an elevator system facilitates your movements throughout the building, allowing you to access the various amenities at your disposal. Note that it is possible that certain condos with 3 floors or less, may not include elevators. This is just one reason why you may also consider apartments for rent. Most apartment buildings are 4 stories or more and include elevators. Condos and Apartments generally include security systems that are installed, such as fire and alarm systems, sprinklers, and intercoms. You will benefit from a better, worry-free quality of life.
An ideal location
If you want to live in an ecological environment while remaining close to services, our apartments for rent in Montreal meet both standards. When we retire, our needs change and we sometimes have to make some compromises to find a type of housing that fits our desired lifestyle to perfection. In addition, a condo for rent in downtown Montreal can be a good option to consider due to its competitive price and ease of accessibility. Le Parc Apartment offers different units that will fit your needs, offering you an exceptional quality of life.
The budget
When it comes to retirement, things change and it is common for homeowners to realize that their property has become too large. You may want to consider a condo, as it offers all the necessary amenities while being in a convenient and more efficient space.
Selling your property will allow you to purchase a home and keep some money for yourself, and for your projects. There are some additional costs involved in buying a property, and downsizing to an energy-efficient, well-insulated luxury apartment or condo, could easily save over 50% on electricity and heating costs. In addition, the maintenance of the property, summer and winter, will no longer be a concern for you, since all these tasks are handled by an outside team.
Conclusion
In conclusion, choosing the right condo for retirement can be an exciting process. With the right amount of research and planning, you can make an informed decision that will meet your needs, budget, and lifestyle. Whether you’re looking to downsize or upgrade your living space, there are plenty of options available. Make sure to consider all the possible amenities and features that come with each condo before making a final choice. Most importantly, enjoy the process!
For more information on rental condos in Montreal, don’t hesitate to contact us today!
