We were going to build a house. We thought about our retirement and working a couple of extra years to have that homestead. Then we started running the numbers for things such as maintenance including paying someone to do the landscaping. After all, we would be working a bit harder and longer to swing a new house. Then we priced apartments in Orlando that are very nice. We like lots of granite and amenities. For our house, we were going to have an in-ground pool. We found an apartment that has a saltwater swimming pool. We can swim and never have to worry about pool chemicals or cleaning it.
I know some people have that mindset that they are throwing money away by renting. I do not see it that way. If you own a place, you are going to be forever fixing things or renovating. Sure, your property goes up in value. Well, if you take care of it. Would you buy a house with an interior that has not been renovated since the 1970? Us neither! With apartments, you can always have modern and never have to call a contractor. You never have to put new shingles or tile on a roof. You never have to cut grass or buy expensive plants from a garden center to decorate your exterior. It is all done for you. If your sink leaks, you get maintenance to fix it.
Needless to say, we decided to go with the apartments in Orlando rather than building somewhere else. I suppose if you want to be off by yourself and have a need for a garage or shop to work a hobby, then you might want a house. However, for us and our art, we just rent a small studio. We really like our apartment, especially the number of hours it frees up not having to fix anything or take care of stuff outside.