Tag

townhome

Little (or no) Yard, But No Stairs, Shared Walls, or Association Fees? “Perfect!”

Townhome Alternatives in the Age of Covid-19 In an age(?) of social distancing, so-called “townhome alternatives” may be getting a second look from Baby Boomers looking to downsize. So, exactly what is a townhome alternative? At least to me, it’s shorthand for a detached, single-family home with many of the following attributes: —Around 1,500 to...
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“Townhome Alternative,” Deciphered

“Three Bedrooms NOT on One Level” Every once in awhile, you see a single family home being touted by the listing agent as a “townhome alternative.” What do they mean? Features At least to this Twin Cities Realtor, it’s shorthand for a detached home with many of the following attributes: —Around 2,000 to 2,500 square...
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True or False: a Condo Whose Monthly Association Fee is $300 is a Better Deal Than an Identical Condo Whose Fee is $500

Getting (and Wanting) What You Pay For You’d certainly think that $300 a month for Association dues is a better deal than $500, assuming two near-identical units. But, the truth is, the higher fee could be a (much) better value. How so? If it covers a long list of services and building amenities that the...
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“Townhome Alternative,” Deciphered

“Three Bedrooms NOT on One Level” Every once in awhile, you see a single family home being touted by the listing agent as a “townhome alternative.” What do they mean? Features At least to this Twin Cities Realtor, it’s shorthand for a detached home with many of the following attributes: –Around 2,000 to 2,500 square...
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Ramblers/Ranches: 1-Level Living, Yes, But . . .

Pros and Cons For Downsizing Baby Boomers Surprise, surprise, that stalwart of the ’50’s — the one-story rambler (known as a “ranch” on the coasts) — is making a comeback. They can be especially appealing to downsizing Baby Boomers, who are looking for one-level living, in a smaller home, with the privacy and backyard that go with a detached, single-family...
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Condo (& Townhome) Association Due Diligence: What REALLY Matters?

Why Cash Reserves Can Be Misleading At least in Minnesota, anyone buying a property in a Common Interest Community (“CIC”) — typically, a condo or townhome — has 10 days after completing the Purchase Agreement to review the related Association documents. What should Buyers be on the lookout for? Not the Association’s pet policy —...
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