If the kids have flown the nest and you’ve decided it’s time to cash in on the equity of your home, there are many reasons to downsize to an off-the-plan apartment or townhome. But, as with any big decision, there are a few things to consider.
The next chapter of your life
What will the next chapter of your life look like? If you want or already have pets, you will need to look for apartments or townhomes with adequate outdoor space. If you love to cook, you will certainly make the most of a generous kitchen, butler’s pantry and breakfast bar. Similarly, if you’re looking to stay active and healthy, resort-style residents’ amenities might just be what you need. Define how you would like to start the next chapter of your life first, then begin your search.
Where to live
Where you live is one of the most important factors when choosing a new home - and it’s no different when it comes to downsizing. If you have permanently taken up working-from-home, a scenic location (or maybe even moving interstate) may be your ticket to the best of both worlds. On the other hand, a city lifestyle offers the ultimate convenience. Many luxury apartments are being built in major CBDs around Australia, so you will have plenty to choose from.
The idea of a nearby swimming pool, spa or private cinema is incredibly enticing - more so when they’re located mere minutes from your front door - and developers know this. Residents’ amenities at off-the-plan developments are not only of premium quality but are also maintained by the facilities staff - leaving you free to enjoy your weekends.
Residents’ amenities offer more than just the facilities however, they act as a community hub where you will have chance encounters with neighbours and meet for a coffee. There are many amenities available, but they are specific to the development itself; speak to your agent about the residents’ amenities your off-the-plan development offers.