Townhomes/Condos

Homeowner associations must have adequate replacement reserve fund

New in 2012 is the state requirement for Minnesota homeowner associations to have a separate and adequately funded replacement reserve fund. An important concern for townhome and condo buyers has always been the...
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State of the Minneapolis condo market

A condo summit seminar I attended this week echoed the feeling I have had that the condo market is improving. As you can see from the chart below of the 13-county...
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Why are townhouse and condo association fees sometimes so high?

If you are considering buying a townhome or condominium don't forget to consider the cost of HOA (homeowner association) fees as well as the purchase price when calculating your monthly payments. When qualifying for...
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Fantastic buys on condos

When I was out showing condos recently to a client from out of state who was in town for the holidays it reminded me again what fantastic buys are available...
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Loring Greenway… hidden treasure of Loring Park neighborhood

Loring Greenway is an urban walkway that connects Nicollet Mall with Loring Park, the city park that gives its name to the Minneapolis neighborhood ranked 2nd most livable by Twin Cities...
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Buying a townhouse? Have the exterior inspected too.

There's a prevailing myth in the real estate industry that a townhouse inspection is far easier than a single family home, takes less time, and uncovers fewer defects. False, false,...
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Edina Promenade… suburban walkway yields high walk score

Looking for a condo/townhome in a suburban setting with a high walk score? Be sure to check out the area around the Edina Promenade, which connects the paths around Centennial...
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Why are condos harder to sell than houses or townhomes?

In a nutshell, condos are harder to sell right now primarily because they are harder to buy than houses or townhomes due to financing restrictions. Looking at the historical chart...
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Sharon and John Hensrud

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The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.