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Condominium Styles

Unlike a townhouse, where you own a slice of property from the ground to the sky, when you buy a condominium you are buying a piece of air space in a building and a share in the common areas. It is essentially like an apartment that you own. In fact, many condo buildings started out as apartments and were later converted to condominiums.

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Condominiums are found in both old and new buildings, converted warehouses, few or many stories. Amenities vary from very extensive including a pool and health club to nothing... sizes from a few hundred square feet to thousands of square feet. Just like other property styles, condos can be found to fit all price ranges and lifestyles.

Our Twin Cities MLS divides condo styles into three categories: low rise (2-3 stories), high rise (4+ stories) and manor styles.

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Many people think of lofts as a separate condo style, but it really refers to the open way the space is finished rather than to the building itself. Loft style apartments can be found both in old converted warehouses and newly constructed buildings. If you are looking specifically for converted warehouses your best way to search is by date built...look for older buildings.

Low rise and high rise condo buildings are pretty easy to identify... they usually look like apartment buildings. One thing to be aware of is properties that started out as apartment buildings and were later converted to condos often do not have as much sound insulation as properties that were originally built as condos. If sound insulation is important to you be sure to ask about it, and listen specifically in the unit and hallways. Concrete floors and walls is usually a good indication of better quality construction and better soundproofing.

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Manor style condos often feel like a cross between condos and townhomes because of their more intimate size and configuration, having more of a townhouse look than an apartment look. They are usually grouped with four units sharing a single entrance, with 2 units on the main floor and 2 on the upper level. Attached garages are usually accessed by a hallway off the shared entryway.

Don't confuse condo style, which refers to architectural style, with the condominium form of ownership and property management. Buildings that look like ‘condos’ might actually be ‘co-ops’.

 

 

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©2016 SHARLENE HENSRUD, REALTOR licensed in Minnesota - 612.419.0560 - shensrud@homesmsp.com

RE/MAX Results - Minneapolis/St. Paul, Minnesota - 800.875.6001

Awarded Super Real Estate Agent by Mpls/St Paul Magazine for outstanding customer satisfaction

A portion of every transaction donated to HABITAT FOR HUMANITY

HomesMSP.com provides real estate information for Baby Boomers, first-time homebuyers, relocation buyers, and move-up buyers in the Twin Cities metropolitan area of Minneapolis and St. Paul, Minnesota. We also offer resources and services for Baby Boomers moving to Minneapolis - St. Paul Twin Cities Minnesota and people age 55+ in third age transitions and retirement housing transitions, guiding home buyers and sellers through the process of selling and buying a house, townhouse, townhome, condo or coop at any stage in life. Sign up for a free weekly newsletter, get free Twin Cities relocation guides and free homebuyer handbooks. Whether you spell it ‘Realtor’, ‘Relator’, ‘Realator’, ‘Realitor’, ‘Realter’ ‘Realty’, ‘Reality’ or ‘Real Estate’, we’re here to answer your questions and help guide you through the process of buying or selling a home or relocating to the Twin Cities of Minneapolis and St. Paul, MN.