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The Advantages of Renting vs. Owning in Retirement

Owning a home is a great investment, but it can be very stressful at times. When planning for your retirement, consider stress-free living by renting a home in an adult lifestyle community in Ontario. Locations in Prince Edward County offer the culture and community you want for your home. There are many benefits to renting compared to owning that will make your retirement that much better!

Predictable Finances

With renting, you will have a more accurate budget for your monthly expenses. You won’t have to worry about paying for property taxes, high utility bills, and unexpected costs that often come up when owning a home. You can take the extra money you save and put it towards something more enjoyable.

Low Maintenance

The extra costs associated with home ownership are often from maintenance, renovations, and repairs. As a renter, you won’t have to worry about paying for any of these extra costs—snow removal, landscaping, fixing drains, water damage, duct cleaning, hot water tank replacement, painting, replacing roofs, and the many other repairs that homes need. You can even opt for house cleaning so you never have to scrub a bathroom again! The low maintenance of renting means less stress and money spent.

Easy Access to Health Care

Adult lifestyle communities in Ontario offer health care services that don’t require long waits or drives through traffic. If you get sick or need an annual check-up, there are health services close by. This ease of access to health care can save you time so you can spend more time enjoying life.

Stress-Free Living

If you’re craving a nice dinner, but you don’t feel like cooking, you won’t have to if you’re renting a home at an adult lifestyle community. As a homeowner, you probably won’t have the luxury of fine dining every night—especially not a meal that is always prepared by someone else.
Fine dining, activities, arts and culture, shopping, craft breweries, vineyards, health care, and the beautiful outdoors are at your fingertips if you rent or go to a retirement home in Prince Edward County, Ontario. Everyone in the community has chosen to rent over home ownership because they also want a stress-free and enjoyable lifestyle. Home ownership is a great investment if you’re willing to work hard and pay a lot to maintain a home. But if you’re ready to live a stress-free life while enjoying life’s simple luxuries, renting is the way to go.

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