Choosing lower maintenance housing

Comparing apartments, townhouses, villa units and retirement living options in Victoria.

Comparing different types of downsized housing

When downsizing in Victoria, the choice of housing type significantly impacts your daily life and ongoing costs. Apartments offer the ultimate in low maintenance living, often providing enhanced security and proximity to city amenities. However, you must be comfortable living in closer proximity to neighbours and complying with owners corporation rules. Modern apartment buildings often include lifts, making them an excellent choice for ageing in place. You should investigate the building's history, the percentage of owner occupiers, and the quality of the construction before purchasing in a multi storey complex.

Villa units are a uniquely Victorian property type that many downsizers prefer. These are typically single storey dwellings in a small group, offering a middle ground between a house and an apartment. They usually have a small private courtyard and their own entrance, providing a sense of independence and privacy. Because they are often older buildings, they tend to have larger rooms than modern apartments but may require more maintenance. Villa units are highly sought after and often hold their value well due to their land component and lack of stairs.

Townhouses and retirement living

Townhouses offer more space and are often spread over two or three levels. While they provide more room for guests or hobbies, the presence of stairs can be a significant drawback for long term downsizing. If you choose a townhouse, look for designs that feature the master bedroom and main living areas on the ground floor. Retirement villages are another option, offering a community of like minded people and various levels of support. However, these operate under a different legal framework, often involving departure fees or exit payments that differ significantly from standard residential property ownership.

• Apartments: Maximum convenience and security
• Villa Units: Single level living with small gardens
• Townhouses: More internal space but often multi level
• Retirement Villages: Community focused with specific legal rules
• Dual Occupancy: Splitting a larger block to build two homes

Finding the right lifestyle fit

Your choice of housing should align with how you plan to spend your time. If you intend to travel frequently, a 'lock up and leave' apartment with high security may be ideal. If you are an avid gardener, a villa unit with a decent courtyard will be necessary. Consider the noise levels and the demographic of the other residents in the building or complex. A building dominated by short term rentals or young students may not provide the quiet environment many downsizers seek. Researching the local area for parks, cafes, and libraries will also help you determine if the location supports your lifestyle goals.

Before committing to any property, spend time in the local neighbourhood. Walk the streets, visit the local shops, and check the frequency of public transport. For Victorian buyers, proximity to a train station or a tram line can significantly increase your independence if you choose to drive less in the future. Evaluate the ease of parking for visitors, as this is a common complaint in high density areas. Choosing the right housing type is about balancing your current desires with your future needs to ensure your new home remains suitable for many years to stay.

Finally, review the contract of sale carefully for any restrictions on how you can use the property. Some owners corporations have strict rules regarding pets, renovations, or even the type of window coverings you can use. Understanding these constraints upfront will prevent conflict later. Consult with a conveyancer who is experienced in Victorian strata and retirement village law to ensure you fully grasp the implications of your chosen housing type. A well researched choice will provide the foundation for a happy and secure retirement in your new downsized home.