The upside of downsizing
Downsize. Rent. Have cash on hand for a second childhood.
When you’re ready to downsize, you don’t want to compromise. You want a beautiful home with freedom from maintenance and the expenses that go along with it. In your new luxury apartment, you’re home free because all maintenance is taken care of for you.
That freedom means extra time for entertaining, travel, community causes, family, and yes, even yourself!
Treplus Communities offers the new definition of 55+ active adult living with large ranch homes, vaulted ceilings, ample natural light, attached garages and plenty of storage space. Our communities have all the amenities and services you want, and some you didn’t even think of: proactive on-site management, concierge services, a walkable community, easy access to parks and bike trails, pet-friendly, and “The Commons” for social gatherings and fitness facilities, to name a few.
Click here to see the infographic and worksheet (below) that shows how affordable renting can be.
Renting frees up FUNDS from the sale of your home
Investing the funds from the sale of your home, as opposed to buying a condo or patio home, for example, is considered to be the wiser financial strategy in most cases. Numerous studies show that returns on investments are typically far greater than the return on an average single-family home. For all of its benefits, home ownership is not the most lucrative investment strategy. Purchasing a condo for sale, for example, ties up those funds that downsizing households could use toward a much higher-yield investment. Renting, on the other hand, frees up those funds for investing, as well as enabling you to live a more carefree lifestyle.
Read a study done by Florida Atlantic University showing that it is better to rent than buy financially.
Downsize and Get the Whole Package!
At this point in life, active adults have earned the right to choose what they want to do when they want to do it. An active adult lifestyle at Treplus Communities frees up time for a whole new world of experiences, with more life and style!
Increasingly, active adults are opting to rent as a lifestyle choice the offers greater convenience, more flexibility and personalized services. Renting at Treplus Communities holds many more advantages over buying a condo. Burr Oak Commons, Hawthorne Commons and Redbud Commons, Dogwood Commons, and Sugar Maple Commons have all the luxury amenities and personalized services you could want, without the big investment.
Renting frees up capital to invest for the future, and offers the freedom of a lifestyle of travel and relaxation with family without the worry of a future home sale under duress.
Treplus Communities' luxury apartment homes offer the complete package of location, floor plan design, contemporary and universal design, convenience and amenities for the discriminating renter.
After significant consumer research, Treplus Communities has designed a formula for delivering all of the relevant lifestyle needs for active baby boomers in rental housing:
- We take care of all maintenance and landscaping, freeing up your time and your expenses for pursuing your favorite pastimes.
- You pay no property taxes or mortgage interest payments
- Your capital is not tied up in real estate, therefore you are free to invest it or spend it as you choose. As an investment, primary homes have historically just kept up with inflation. There are many benefits to home ownership, but investment performance should not be considered as one of the top benefits later in life.
- You live a carefree lifestyle – close your door and go travel, for example. Our concierge service will take care of your home while you’re gone.
- Renting is flexible. Should you need or want to relocate, the move would be a much simpler proposition. If you are selling a home currently, you will understand exactly what this means.
- Treplus Communities have no entrance/endowment or buy-in fees. Some retirement communities and continuous care retirement communities (CCRCs) have these fees, which range from under $100,000 to well over half a million dollars.
Click this link to download the worksheet below.
Once you see the worksheet in a new browser window, click the download link. Then print it out to compare how affordable 55+ active adult living might be for you.