The decision to retire also brings with it lifestyle choices. There are decisions you’ll need to make about how you’re going to finance your retirement and where you’re going to live. This article explores the pros and cons of retirement living in apartments and master-planned communities.

Pros of living in an apartment

Apartment living has lifestyle benefits for residents of any age. Let’s explore the positive benefits that are specifically for those deciding to retire. 

Live close to lifestyle amenities: In most cases, the location of an apartment building is next to lifestyle attractions in sought-after areas where there is easy access to retail shopping, entertainment, health services and public transport.

Reduce the amount of time spent to maintain your home: You’ll find more time to enjoy lifestyle activities. Apartment living has less maintenance in comparison to a house with a garden and larger spaces with more rooms than you use. 

Apartments are cheaper to maintain: A smaller living space and fewer appliances mean less money spent on maintenance and more money to spend on the things you love to do.

Apartment living feels secure: The ability to lock and leave provides a sense of security for those living in an apartment. The peace of mind that comes from knowing your home is not at risk whenever you decide to travel makes you feel secure. Furthermore, apartment buildings feel safe because of gated parking and restricted lift access. 

As a national property developer with 30 years’ experience, Norm Carey has completed significant residential apartment developments throughout Australia. Follow the link to visit past residential projects developed by Norm Carey. 

Cons of living in apartments

Today, the new apartment buildings provide many lifestyle benefits for retirees. However, it can take some lifestyle adjustments to the way you live. 

While modern apartment complexes have a lot to offer retirees, there are a few drawbacks to choosing high-rise apartment living. In some cases, apartment buildings have no green spaces or immediate connection to nature.

Living in a smaller space and downsizing the things you accumulate over a lifetime can cause you to feel unsure about making the change from a family home to an apartment. You can make the transition easy by decluttering your home in advance of your move.

If you have never lived in high-density apartment buildings with common areas such as car park, lift and gymnasium you may think it is going to be a challenge. The way to overcome this is to do your research before you buy and get to know how the strata company proactively manages the building.

Retiring in master-planned communities

Master-planned communities have many of the benefits of apartment living – such as affordability, security and lifestyle amenities – without most of the perceived negatives. With their ample green spaces, sizeable housing options, and well-designed walking tracks; a master-planned community has covered all bases. Master-planned communities are designed for connectivity, bringing together everything you need for a healthy and happy lifestyle within easy, safe access.

Register your interest in new developments by Norm Carey

Norm Carey is an experienced property developer who has completed more than $2 billion in significant projects throughout Australia. The projects include high-rise apartment developments in Sydney, Melbourne, Perth and Brisbane. If you would like to register your interest in new residential apartment developments contact our team.