NAA’s President and CEO dives into renting in retirement in his latest Washington Post column.
As with anything that requires due diligence and research, so too does searching for your next apartment home. Bob Pinnegar, President and CEO of the National Apartment Association, reviews what renters in retirement should be searching for in his latest column for the Washington Post, “Renting in retirement: What you should consider.”
Flexibility and location are the first two factors residents should look at when renting in retirement. An additional consideration for many retirees is downsizing from a larger home by leaving behind no-longer-needed spaces like additional bedrooms. Smaller homes also help with energy spending and heating and cooling costs. Renting allows residents to avoid the long-term commitment that often accompanies owning a home.
Convenience and leisure are also important for senior renters. From landscaping to community and home maintenance, apartment living allows for a more convenient lifestyle. Controlled access and security are added benefits in rental housing. Apartment living also offers amenities, allowing residents to be near the community and what it has to offer.