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Minneapolis Condos and Townhomes
Introduction
Minneapolis condos, Minneapolis lofts and Minneapolis townhomes are categories of residential living that is different from single-family home living in a number of ways. Below you will find definitions of each of the Minneapolis real estate categories along with pros and cons. Keep in mind that one person’s pro could be another persons con.
Minneapolis Condos (condominium)
A structure of two or more units, the interior space of which are individually owned; the owners of the individual units own the balance of the property in common.
Pros – Security, heated attached parking, no maintenance, shared amenities, usually walking distance to area attractions, shopping, etc.
Cons – Follow rules of board, high association dues, and higher price for living space, close neighbors.
Minneapolis Lofts
Similar ownership definition of a condominium. A structure of two or more units, the interior space of which are individually owned; the owners of the individual units own the balance of the property in common. Usually lofts are called lofts because of high ceilings, older converted structure, interior second level.
Pros – Security, heated attached parking, no maintenance, shared amenities, usually walking distance to area attractions, shopping, etc.
Cons – Follow rules of board, high association dues, higher price for living space, close neighbors.