St. Louis Park townhomes for sale: Are they right for you?
There are a lot of good reasons to go out searching for St. Louis Park townhomes for sale. Over recent decades this type of home has offered Americans homeownership with a more care-free lifestyle. With less home maintenance costs along with lower property prices, many people find townhome living to be more conducive to their lifestyles. So what are the pros and cons to living in a St. Louis Park townhome?Prices for St. Louis Park townhomes for sale
St. Louis Park townhomes for sale are quite often priced more favorably than traditional single family housing largely due to the shared walls and common areas. The townhome association to which you will be required to belong is responsible for upkeep of these common areas as well as some of the exterior maintenance of your home as well. This can make buying a St. Louis Park townhome especially appealing to busy first time home buyers as well as to retirees who prefer not to deal with that type of upkeep.St. Louis Park Townhome Association Dues
This does not mean that the maintenance is without cost, as you know. As part of your financial responsibility for owning a St. Louis Park townhome you will have a monthly dues you must pay to the association. This monthly fee covers a number of things but as to what it covers can and will vary from one St. Louis Park townhome association to another. For example, while your association fees might include home insurance in one association, you might have to pay that on your own in another. It is important to check into these things before you make your decision to buy as your monthly costs could vary significantly depending upon the association.St. Louis Park Community Information
As one of the biggest inner ring suburbs of Minneapolis, Saint Louis Park, MN is becoming a popular destination for the MN first time home buyer. With plenty of affordable homes, residents of Saint Louis Park have easy access to major employers in Minneapolis, as well as surrounding western suburbs. Major employers located in St. Louis Park include Japs Olson, Park Nicollet Clinic, and Novartis. Now known as the birthplace of movie directors Joel and Ethan Cohen, Saint Louis Park is also the hometown of Senator Al Franken.If you are using an FHA loan to buy your St. Louis Park townhome, be certain to investigate how the homeowner's association was originally formed before you make your offer. In many cases in Minnesota, townhome associations were formed as condominium associations which was a cost saving measure for the townhome developer. If it is actually a condo association, FHA has special requirements for condominiums and will treat this as one. If the condo association is not yet approved by the FHA, the process for getting FHA condo approval can be time consuming and could possibly delay your loan closing by weeks.
St. Louis Park townhomes for sale: Pros
- Lower maintenance lifestyle
- Less expensively priced housing
- Shared amenities such as recreational areas l
- Often a small back yard
- No neighbors located below or above as is common in condos
St. Louis Park townhomes for sale: Cons
MN First Time Buyers First Step
For many Minnesota first time home buyers the big, intimidating question is where do I start the process? Your very first step to home ownership is to get prequalified for a home loan. In so doing you will find out how much you are qualified for so that we can research homes in a comfortable price range.Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale
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