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Condos and Townhomes in Minnesota

Explore Condos and Townhomes in Minnesota with the Minnesota Property Group

Welcome to your ultimate guide for discovering the perfect condos and townhomes in Hennepin County, Minnesota. Our team at the Minnesota Property Group of Re/Max Results is excited to assist you in navigating our comprehensive website. With over 16 years of experience, we're equipped with a wealth of resources, insights, and advice to make your home-buying journey seamless and successful.

Key Considerations for Purchasing a Townhouse or Condo

1. Understanding Financing Options

It's crucial to determine the type of mortgage you qualify for before falling in love with a property. If you're eligible for an FHA mortgage, verify that the townhouse or condo you're interested in is FHA-approved. While many developments in the Twin Cities meet this criterion, some do not, making this an essential first step.

2. Navigating Association Details

A significant aspect of owning a townhouse or condo in Hennepin County involves understanding the homeowners' association (HOA) dynamics. Consider the following:

  • Association Dues and Covered Expenses: Know what your monthly dues cover and how they impact your budget.
  • Financial Health of the HOA: Investigate the association's financial history and current standing.
  • Rules and Regulations: Familiarize yourself with the HOA's restrictions and guidelines. In Minnesota, you have a 10-day period to review these documents before committing to a purchase. This period is crucial for understanding the impact of the association's governance on your lifestyle.

3. Lifestyle and Restrictions

Pay attention to specific rules that could affect your daily life. For example, many associations in Minnesota have policies regarding pets, such as limits on the number or size, and sometimes even breed restrictions. Additionally, consider rental policies. Some developments restrict owners from renting out their units, which can be a drawback if you plan to rent your property in the future.

We're here to guide you through every step of your condo or townhouse purchase in Henn