There’s a lot to love about living in a condo. From smaller mortgage payments (on average) to fewer maintenance responsibilities, convenient amenities, and more, it’s a unique lifestyle that can make your next life chapter the best yet.
If you’re preparing to downsize from a house to a condo, there’s a few important things to know in advance.
In this blog post, we’re sharing our best tips for moving from a house to a condo.
Start Decluttering Early
Decluttering is one of the most important and most hands-on parts of moving from a house to a condo. Whether you’ve lived in your home for several years or several decades, you’ll need to get rid of a few things before you’re ready to sell (and even more after your sale closes).
Decluttering a detached home is rarely a one day, one and done process. In fact, a lot of downsizers don’t realize just how much stuff they have until it’s time to declutter, leading to rushed or half-hearted efforts.
Rather than wait till the last minute, it’s best to start decluttering your home as early as possible.
Extra tip:
If you’re not able to slim down your belongings enough to fit them in a condo, that’s okay. In these instances, renting an off-site storage space (like a traditional storage locker) is a simple way to keep your condo clean and clutter free while you decide what to do with certain items.
Want to know more about the process of selling a house in Ottawa? Read these other blogs.
- Is Now a Good Time to Sell My House?
- What’s the Process of Selling a House?
- Why You Should Sell Your House With The Pelletier Real Estate Team
Not all Condos Are the Same
Downsizing from a house to a condo is about more than just moving to a smaller property. It’s about making everyday life easier and more enjoyable.
Ottawa has an abundance of great condos, including some that are directly tailored to the needs of empty nesters and downsizers. However, not all condos are the same. That’s why you’ll want to be selective about choosing the right condo for you.
In terms of lifestyle, you’ll want to ask yourself a few important questions before you begin exploring the market, such as:
- Are you looking to stay within or close to your current community?
- Are you looking for a condo with on-site amenities like a gym, swimming pool, party room, or something similar?
- Do you like the charm and spaciousness of older buildings or would you prefer something more modern?
- What kind of neighbours would you like to share a building with?
- Are you looking for a communal atmosphere or something more private?
Understand the Costs
Another significant distinction between a house and a condo are the costs. As a homeowner, you already have experience managing carrying costs. However, things will look differently once you move to a condo.
Importantly, living in a condo comes with condo fees (also called maintenance fees). In Ottawa, condo fees are calculated and charged by the square foot, and monthly totals can vary significantly by unit and building. On the low end, they could be just a few hundred dollars per month. On the high end, they could be north of $1,000.
Condo fees can also get pricier over time. You’ll want to be prepared for this.
Extra tip:
Condos that are less than a few years old often charge enticingly low fees early on, only to hike them up significantly down the line.
About to buy a condo? Read these related blog posts for more advice.
- What to Look for When Buying
- Questions to Ask When Buying
- Why You Should Buy a Home With The Pelletier Real Estate Team
The Right Realtor Can Make a World of Difference
Downsizing from a house to a condo isn’t a small process. Beyond all the planning, logistics, and real estate aspects of your move, it can also be a very emotional experience. In other words, downsizing from a detached house to condo can seem overwhelming. But it doesn’t need to be.
Like any other move, working with the right Ottawa real estate agent can make a world of difference.
Our team, Pelletier Real Estate, actively specializes in supporting downsizers. We understand your unique needs, and have the systems and resources to make the process as easy as it can be.
Want a hands off downsizing experience? We can look after some of the more labour intensive aspects of your move like cleaning, decluttering, packing boxes, and more on your behalf. We’ll also make sure your sale and purchase are as successful as possible.
Make Your Move Easy
When you’re ready to downsize, the Pelletier Real Estate Team is here to help! From decluttering and staging to pricing, negotiations, and hunting for your next home, your success is our top priority. Get in touch today to take the first step of your downsizing journey.
Launch your downsizing journey today.
Call 613-909-4565 or reach us at contact@pelletierteam.ca
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