Minneapolis – St. Paul Condo and Loft Homebuyer’s Guide

Minneapolis St Paul Urban Loft

If you’re looking for an urban home in Minneapolis or St. Paul that features attractive interior & exterior design, modern amenities and a low-maintenance lifestyle in the Twin Cities, a condo or loft may be the right choice for you.

A condo is referred to as an individual unit in a low to high rise building. You can find anywhere from traditional to modern condo developments.  Also, the shared amenities (amusement/party room, roof top deck, and exercise room) can vary from building to building.

The Homeowners Association (HOA) manages and governs the condo community, collect the monthly association dues and maintains the common areas.

Lofts are usually located in converted old factory or warehouses in the city. Lofts is a nice alternative for individuals who enjoy the benefits of urban living. The lofts floor plans tend to be more open space, higher ceilings, brick or concrete walls, etc.

Minneapolis St Paul Lofts

If you’re considering buying a condo or loft, follow the steps listed below:

Step 1: Weigh the Advantages and disadvantages.

The condo lifestyle can be an attractive choice for most potential buyers,

Some of the advantages of living in a Condo or Loft buildings are listed below:

  1. Low maintenance
  2. Sustainability. You will find some condo developments have eco-friendly features.
  3. Some condo developments have resort-like amenities, such as pools, fitness facilities, roof deck with views, and valet service.

Step 2: Find a Minneapolis- St Paul Urban Realtor Who Knows the Market

Some individuals who are looking to buy a condo or loft are entry-level buyers. These new first time buyers should consider finding a real estate agent who has local experience with selling condos & lofts and who can explain the buying process

A knowledgeable local Real Estate Agent like RE/MAX Results – Shannon Lindstrom can help in your property search, whether you’re a first-time homebuyer or experienced. Shannon can help you achieve your goal of homeownership!

Step 3: Know What to Look For

Be a smart shopper. Some of the questions you should ask your Realtor once you’ve narrowed your search are listed below.

How many units are owner-occupied?

If a high percentage of units are rentals, it might affect the property’s value or difficult to obtain certain mortgage loan products.  

How is the building maintained?

When you buy or own a condo, you have vested interest in the common areas. You should view the common areas to make sure they are well maintained by the Homeowners Association management. If the hallways are dirty than it might be a red flag the management company is not running the building as well as it should.

Step 4: Get to Know the HOA

Homeowners Association (HOA) is an association or group established by the project developer The HOA is also responsible for collecting monthly association fees. And maintaining the common areas.

In addition to these financial responsibilities, the Homeowners Association (HOA) can easily change the rules governing the property, like the operating hours of the pool or fitness center and the size or number of dog and/or cats that you can have. 

Step 5: Consider Insurance

You find majority of the condo & loft developments in Minneapolis and St. Paul have hazard insurance, which covers the exterior of building and also for the common areas. The insurance fee is usually included with your monthly association fee.

Even though the building is insured, condo and loft owners should consider buying an insurance policy (HO6) to cover their belongings inside their unit. A HO6 Policy is a separate homeowner policy to ensure the contents of the home, similar to renter’s insurance. You find some associations require a condo or loft owner to purchase a HO6 policy. It’s important for the buyer and/or owners to read the association rules & regulations, covenants and declarations for the development to find what is required.

If you’re looking to buy or sell a condo or loft in Minneapolis or St Paul, please feel free to contact RE/MAX Results – Shannon Lindstrom, Urban Real Estate Agent @ 612-616-9714 or visit www.ShannonLindstromRealtor.com today.

Downsizing Your Twin Cities Home Made Easy

Down sizing your Twin Cities Home

If your lifestyle has changed with time and you’re ready to sell the big house for a smaller, more manageable home, it might be time to downsize. Deciding to move on to a more care-free dwelling is easy – determining where to begin is much harder. The accumulation of decades of living can feel overwhelming; taking the move step by step will help you break it down into manageable stages.

Before you do anything else, do your research and find the right location for your new home. Explore different communities and learn the pros and cons of each. While seniors often move to 55+ condo developments, there are also many other choices for low/no-maintenance properties.

Twin Cities Roof

Consider condominiums, townhouses, and patio homes as part of your research; many of these home styles can be found in areas that are not part of a 55+ community and often offer walking trails, fitness and aquatic facilities, and other active lifestyle amenities. In many areas, luxury high-rise buildings have become popular; many seniors enjoy living close to the amenities of a city, in a secure environment with a doorman or front desk staff.

chic city living room

Once you determine the new location, it’s time to sell your current home. Don’t let your accumulated “stuff” deter you. Clean out and utilize storage facilities for precious items you need to keep. You may want to hire a professional moving company to pack up and move you to the new home (or ask your family members to help). Make it easy on yourself!

Moving Company

Moving out of a cherished home in which you have resided in for many years can be an emotional decision, but the benefits of a low- or no-maintenance lifestyle can free up your time and energy so you have time to travel or just enjoy each day without the stress of managing a big home and a yard. Make it easier by just taking it one step at a time.

Twin Cities Real Estate Agent

If you have questions or wish to discuss the selling or buying process, please feel free to contact RE/MAX Results – Shannon Lindstrom, Realtor at 612-616-9714 or visit www.ShannonLindstromRealtor.com today. I’m here to help!

Minneapolis – Saint Paul Relocation Guide

Downtown Minneapolis Skyline

Are you planning to relocate to Minneapolis or Saint Paul in near future? Are you looking for the best educational institutions, healthcare facilities, residential areas, and public parks in Minneapolis and Saint Paul? If these are related to you, consider this write-up for a reliable relocating guide about this area. The Twin Cities are the largest metropolitan area in Minnesota, separated by the Mississippi River. They demonstrate a tasteful mix of historic architecture blended amidst modern skyscrapers.

Educational institutions in Twin Cities

Minneapolis & Saint Paul have earned the reputation of being a center of learning since early times. They boast of many iconic universities and colleges, including the University of Minnesota, Metropolitan State University, Dunwoody College of Technology, St. Catherine University, and the University of St. Thomas. Students from far and wide look forward to registering for courses in these acclaimed institutes.

Minnesota Colleges and Universities

Neighborhoods in Twin Cities

Minneapolis and Saint Paul remain dotted with several picturesque neighborhoods attractions for everyone. ​ ​Minneapolis has numerous neighborhoods. Such as: Downtown East, Downtown West, North Loop, Kenwood, Linden Hill, Loring Park, Whittier, Minnehaha, Hiawatha, Bancroft, King-Field, Tangletown, and Lake Harriet. Saint Paul has many neighborhoods to choose from. Downtown/Lowertown, Cathredral Hill, Crocus Hill, Como, Dayton Bluff, Summit Hill, Summit University, and Hamline. Also, Minneapolis & St Paul are outstanding destinations to search for a condo or a home. You can enjoy all the traditional to modern amenities while residing in one of these areas.

Prairie Tudor Home

Also, the Twin Cities is within a short drive of the following metro suburbs; Bloomington, Eden Prairie, Edina, Maple Grove, Rogers, Blaine, and Plymouth, etc..    

Top-rated healthcare facilities in Twin Cities

 The importance of quality education and healthcare facilities are prime needs for healthy living. Minneapolis and Saint Paul offer you word-class hospitals with state-of-the-art diagnostic facilities. After relocating to Twin Cities, if you face any medical emergencies, head to Abbott Northwestern Hospital, Mercy Hospital, United Hospital or the University of Minnesota Fairview for immediate medical attention.

Minnesota Doctors and Nurses

Attractions in Twin Cities

Twin Cities have great experiences to explore in the form of public parks and museums. Residents can enjoy quality time with loved ones at the Science Museum of Minnesota, Weisman Art Museum, Minneapolis Institute of Art, and Minneapolis Sculpture Garden during weekends.

Minneapolis St Paul Art Galleries

If you’re looking to move to Minneapolis, Saint Paul or the surrounding area, please feel free to call or text RE/MAX Results – Shannon Lindstrom, Realtor at 612-616-9714 or visit www.ShannonLindstromRealtor.com today!

The Residential Condo & Loft Homeownership Possibilities in Minneapolis

Minneapolis Condos

There are many residential real estate condo & loft possibilities for individuals looking to live in Minneapolis downtown, north loop, mill city, Loring Park, uptown, south or north neighborhoods.

Whether you are relocating to Minneapolis for job, or just looking to move into the city to experience urban living there are many condos & lofts, and single-family home options for you in these specific areas.

Please find below a few condos & lofts in or near downtown Minneapolis:

Downtown West
The Ivy Condos
SkyScape Condos
Riverwest Condos
The Crossing Condos

Downtown East
Humboldt Lofts
Bridgewater Lofts
Carlyle Condos
NorthStar Lofts
607 Washington Lofts

North Loop
Riverwalk Lofts
River Station Condos
The Itasca Condos
Herschel Loft
710, 720, 730 Lofts
801 Washington Lofts
Bookman Stacks Condos
Bookman Lofts

Uptown-South
The Edgewater Condos
Lake Pointe Condos
The Loop Condos

Loring Park
The Summit House Condos
The Groveland Condos
1200 On The Mall Condos
301 Oak Grove Condos
301 Clinton Place Condos

Nicollet Island-East Bank
La Rive Condos
Cobalt Condos
The Village Homes
The Village Brown Stones
The Falls and Pinnacle Condos

North
The Historic Bremer Condos

Minneapolis is a sustainable city with public transportation, green spaces including community gardens and parks, neighborhoods within walking distance of local coffee shops, restaurants, retail shops, and food co-ops to grocery chains.

The entire City of Minneapolis public transportation choices are the metro light rail and also buses.

Metro Transit
http://www.metrotransit.org/

Minneapolis Park & Recreation Board
http://www.minneapolisparks.org/home.asp

Residential Homeownership Choices near the University of Minneapolis

Minneapolis is home to several education institutions like the University of Minnesota, Minneapolis Technical College, Augsburg College, Dunwoody College of Technology, and several other schools

City of Minneapolis Colleges and Universities http://www.uscollegesearch.org/minneapolis-minnesota-colleges.html http://www.thecityofminneapolis.com/schools/colleges-universities.html

There are numerous choices in Minneapolis if you are looking to purchase a townhouse, a condo or a single-family home near local colleges and universities depending on your budget. The neighborhoods near the University of MN are the following: Seward, Marcy-Holmes, Southeast Como and Dinkytown offer may possibilities if you are looking for home-ownership.

Please find below a few condos near the University of Minnesota-Minneapolis Campus:

Prospect Park-East River Road
University Flats Condos
M Flats Condos

Cedar-Riverside
Riverview Tower Condos

Marcy-Holmes
St. Anthony Condos
Mill Trace Condos
Flour Sack Flats Condos
Phoenix On The River Condos
Winslow House Condos

Residential choices for families

Home seekers with families to experience urban living in or near downtown my consider looking for townhouses or condos/lofts with larger square footage and full shared amenities.

You will find some downtown Minneapolis condo development offer a play area and/or a pool.  Downtown housing projects comprising of dense residential units, where cars and bikes coexist in harmony on the roads are vastly found in the Mill District.

As Minneapolis is a city of lakes, there are neighborhoods with blocks of lakes, walking and biking trails like Linden Hills, Cedar Isles, East Isles and Diamond Lake which will be ideal during the summers.

Minneapolis Grand Rounds National Scenic ByWay http://www.minneapolisparks.org/grandrounds/home.htm

If you’re looking to buy or sell a condo, a townhome or a single-family home in Minneapolis, St Paul or the surrounding areas, please feel free to contact RE/MAX Results – Shannon Lindstrom, Realtor at 612-616-9714 or visit www.ShannonLindstromRealtor.com today.

Condo Living Room

Buying a Second Home/Condo in Downtown Minneapolis

Minneapolis High Rise Condos

Are you planning or thinking about buying a downtown Minneapolis condo or loft as a second home and/or for investment in the near future? Do you want to experience sustainable urban downtown Minneapolis living? The downtown Minneapolis metropolis is an option for individuals looking for an ideal place to retire or visit on weekends and/or on a seasonal basis.

The downtown area is divided into two neighborhoods; downtown east and downtown west. The residential real estate in the downtown east location is anywhere from historic warehouse lofts to modern condos. The downtown west residential real estate opportunities are from modern-traditional high-rise to mid-rise condos to historic warehouse lofts.

Minneapolis St Paul Lofts

The Minneapolis neighborhood within a short distance of the center of downtown is the North Loop, Riverfront District, Loring Park, Stevens Square/Loring Heights and also Elliott Park.

Buyers have a wide variety of condo choices, since every condo development has anywhere from basic shared to amenities to full service.   

Please find below a few Minneapolis condo/loft options in or near downtown:

The Carlyle
100 3rd Avenue South, Minneapolis
Built: 2007
Floors: 39
Units: 25

Shared Amenities: Club/Party Room, Exercise Room/Yoga Room, Guest Suites, On-site Management, and Outdoor Lounge, Outdoor Heated Pool, and Spa/Hot Tub.

Pets: Dogs/Cats per size & number limit
Parking: Heated Garage & Guest Parking

Bridgewater
215 10th Avenue South, Minneapolis
Built: 2007
Floors: 10
Units: 280

Shared Amenities: Club/Party Room, Exercise Room, Roof Deck, Roof-Top Pool, Spa/Hot Tub, and On-Site Management

Pets: Dogs/Cats per size & number limit
Parking: Heated Garage & Guest Parking

North Star Lofts
117 Portland Avenue, Minneapolis
Built: 1925
Floors: 7
Units: 36

Shared Amenities: Club/Party Room, Exercise Room, and Roof-Top Deck
Pets: Dogs/Cats per size & number limit
Parking: Heated Garage & Guest Parking

Bookman Lofts
525 3rd Street North, Minneapolis
Built: 1914
Floors: 5
Units: 57

Shared Amenities: Exercise Room & Fire Pit
Pets: Dogs/Cats per size & number limit
Parking: Heated Garage & Guest Parking

Bookman Stacks
345 6th Street North, Minneapolis
Built: 2005
Floors: 8
Units: 45

Shared Amenities: Club/Party Room, Exercise Room, and Roof Deck
Pets: Dogs/Cats-Breed restriction and number limit

In some cases, you may be able to rent your downtown condo while it is not in use for investment purposes. You will need to check the association documents or call the condo association to find out if they allow the owners to rent their units. You could also have regular tenants who can pay you enough rent to cover mortgage payments, association and maintenance fees.

retro living room

Buying a second home/condo in the downtown Minneapolis location can be a good investment only if you are able to manage finances in a prudently. You can also use a property calculator to factor in maintenance expenses and insurance costs to help you make an educated decision about buying a second home/condo in Minneapolis.

RE/MAX Results
Shannon Lindstrom, Realtor®, AHWD, NCS
7373 Kirkwood Court North, Ste. 300
Maple Grove, MN 55369
Direct: 612-616-9714
Lindstrom_S@msn.com
Shannon@ShannonLindstromRealtor.com
www.ShannonLindstromRealtor.com
www.ShannonLindstrom.info

Minneapolis St Paul Loft