The Lock-and-Leave Lifestyle

Do you know about the lock-and-leave lifestyle? Coined as a real estate marketing catchphrase to promote luxury condominiums, the concept has captured the imaginations of retirees and empty nesters who aren’t interested in a traditional retirement community, but who long for luxury without upkeep.

Hallmarks of the Lock-and-Leave Lifestyle

• New or newer construction
• Open floorplans
• Emphasis on luxury and high-quality finishes
• Private elevators and garages
• Rooftop or other shared party space
• Concierge services
• Amenities like golf, spa, fitness center or pool

In the over-55 crowd, the appeal of this type of luxury living meets several needs for their stage of life. An upscale condo or gated community offers:

• Security: Doormen, private garages, 24-hour staff, and strategic lighting are all designed to make you feel safe.
• Flexibility: You can leave your home on short notice and be gone as long as you like. Amenities like 24-hour concierge services and dog walking services make life easier. Plus, you’ll never have to worry about landscaping or other exterior maintenance while away.
• Connectedness: For many, a unit in a coveted neighborhood offers walkability, plus easy access to shopping, dining, and other opportunities for fun and interaction. Socially-focused amenities and neighbor networks help you stay engaged and connected with others.
• Variety: Many see this option as a way to re-energize, have new experiences, and choose to enjoy a lifestyle upgrade when they are recently retired or still working. The lock-and-leave lifestyle may not be a total cost savings, but the expense could be balanced with lower taxes and other costs associated with maintaining a home.

On the flip side, this lifestyle may not be for everyone. Common concerns include:

• Some may worry about room size and the ability to host guests.
• Some aren’t ready to let go of their storage and garage spaces.
• Pet policies may vary in terms of size, breed, and number of pets.
• It’s expensive. You can expect a higher square foot price, plus all of those amenities come at a cost: monthly HOA fees can add up quickly.

Would you consider a lock-and-leave lifestyle? We have tons of ideas for you!

Get in touch today and we will introduce you to transition specialists who have a handle on the luxury-without-upkeep options available in your area and can help you make the transition with minimal stress.