Downsizing is never an easy task, especially when moving from a house to a condo. You have to take into account that your daily routine will change and your amenities will be different (in most cases). People will decide to downsize to a condo perhaps because they are retiring and looking for a new home with little to no work to keep it up, or maybe your job transferred you to the city and you would rather live closer to work than not. For whatever reason you are making the change, it is always best to do a bit of research so you go in knowing exactly what you need to do, as well as what you are looking for in a new forever home.
What are you looking for in your next neighbourhood?
Once you have made the decision that a condo is what you want your next home to be, decide what area of the city you want to live in. Toronto is large and segregated into a multitude of different neighbourhoods, which all cater and specialize in unique areas of interest. Yorkville, for example, is a midtown neighbourhood located west of the Don Valley Parkway, bordering the Annex neighbourhood and Church-Wellesley Village. Yorkville caters to those who value the finer things in life and luxury living. The amenities available to those residing in the neighbourhood are prestigious and high end. So if this is the kind of life style you wish to lead, Yorkville is the ideal neighbourhood of choice in Toronto.
Amenities are key
Once you have made a decision as to where you would like to live, you should make a list of amenities that are important to you to have as a part of the condominium as well as the surrounding area. Condominium amenities could include, an on site pool, underground parking, fitness facilities, etc.,... Also, keep in mind that the more elaborate the condominium amenities, the more expensive the condo fees will be.
Reduce, reuse, recycle
If you are moving from a house to a condo you will likely have less space or storage than your house. The best solution to ensure that all of your important pieces fit in your new home is to reduce, reuse and recycle what you currently own, yet keeping those most important and cherished pieces. Purging is a great way to ensure that you are not taking a load of invaluable items to your new condo. If you are moving something to simply put into storage, personal experience dictates it will simply remain in storage, unless they are items you know you will use periodically, such as holiday ornaments and/or suitcases, to name a few. Discard items which are expired or damaged; donate the items which you know you will not need but are still in useable condition and no longer hold value to you.
Insurance coverage and address changes
You have finally taken the plunge and purchased your new condominium. The excitement may be overwhelming and overpowering, but remember, there are still matters which need to be addressed before you move. Securing insurance coverage for your new home is critical. If moving to a smaller house/condo, insurance fees are more likely to be reduced. Make sure you inform them of your moving date so the plans can be changed that day to ensure you are constantly covered.
Also, make sure that other existing insurance coverage, the government, bank and other important businesses and/or individuals are aware of your new address in order to continued mail service. Mail forwarding with Canada Post is also highly recommended during the transition period. Another service is MoveSnap, new technology that lets you seamlessly complete all your moving tasks, such as address changes, transferring home services and utilities, and much more, in seconds.
A choice you will appreciate
Making the change and downsizing is not something that all can adapt to, but for those of you who love the city and wish to live the city lifestyle, downsizing to a condo is the optimal choice.
If you are looking to relocate and downsize to a condo in Yorkville, please feel free to contact us. We live, work, and play in Yorkville, and we will be happy guide you along the way to finding your home in Yorkville.