While owning a condominium isn’t for everyone, there are quite a few potential homebuyers who find this housing option to be highly desirable. So, who are these buyers and what makes condos for sale in Eden Prairie MN so appealing? Here’s the scoop.
Qualifying for a Loan on a Condo Might Be Easier
Especially for first time or low-to-medium income buyers, getting a loan on a condo is often much easier than getting a mortgage on a single-family dwelling. Primarily, this is because condominiums tend to cost lest that stand-alone homes, so a married couple with even modest incomes stand a good chance at finding affordable condos for sale in Eden Prairie MN.
Condos may typically be more affordable than single-family homes, but it’s not because they lack in amenities or perks. Condominium communities often offer amenities similar to those available at apartment complexes. These may include
- Door-to-door trash service
- Basketball courts
- Common areas with barbecues and picnic tables
- Dog Parks
- Hiking Trails
Low Maintenance Lifestyle
Forget about shoveling snow, mowing the grass, painting the exteriors, dealing with roofing issues and other types of exterior home maintenance. Condominium communities have benefits of Homeowner’s Associations who hire onsite individuals or outside companies to handle these things for you.
Forge Strong Friendships
Because the units are owned and many condos have rental limitations, most individuals stay around for many years. This allows you to form bonds with neighbors and develop friendships that can last a lifetime.