Searching for Inver Grove Heights townhomes for sale?

As you begin your property search for Inver Grove Heights townhomes for sale, you should be aware of the both the benefits and challenges of townhome living. Millions of Americans have enjoyed living in townhomes and it might be a perfect housing solution for you. I think it is important for you to understand the nuances of the home style that you purchase before signing on the dotted line.

Prices for Inver Grove Heights townhomes for sale

Inver Grove Heights townhomes for sale are often priced significantly less than traditional single family houses due in part to the use shared walls and common areas. The townhome association to which you will be required to belong is responsible for upkeep of these common areas as well as some of the exterior maintenance of your home as well. This can make buying a Inver Grove Heights townhome especially appealing to busy first time home buyers as well as to retirees who prefer not to deal with that type of upkeep.

Inver Grove Heights Townhome Association Dues

This fact does not mean that the maintenance is without cost, as you know. As a part of your responsibility for living in a Inver Grove Heights townhome you will have a monthly dues you must pay to the association. This monthly fee covers a number of things but as to what it covers can vary from one association to another. While your monthly association dues might include insurance coverage for your dwelling in one homeowner's association, you might have to shop and buy that on your own in another. It is important to review this information before you sign a purchase agreement to buy a Inver Grove Heights townhome as your monthly costs could vary significantly depending upon the association.

Inver Grove Heights Community Info

If you are looking for a short commute from your Twin Cities home to St. Paul, you will want to include Inver Grove Heights in that search. Conveniently located in the northern section of Dakota County, Inver Grove Heights is only minutes away from downtown Saint Paul. The school system in Inver Grove Heights include Simley High School, Inver Grove Heights Middle School, Salem Elementary, Hilltop Elementary, and Pine Bend Elementary. MN first time home buyers may find Inver Grove Heights particularly affordable if they qualify for the Dakota County First Time Buyers program. No matter what type of real estate your looking for the community of Inver Grove Heights has a great deal to offer you.

As a special note to those you looking to use an FHA loan to purchase your townhome, be certain to investigate how the homeowner's association was originally formed before you make your offer. In many cases in Minnesota, townhome associations were formed as condominium associations which saved some expenses for the developer. If the townhome association is actually a condo, FHA will require that the association has been approved by FHA. If the condo association is not yet approved by the FHA, the process for getting FHA condo approval can be time consuming and a bit aggravating for all involved and may delay your purchase closing.

Inver Grove Heights townhomes for sale: The Pros

• Low maintenance lifestyle
• Less expensive homes
• Shared amenities such as recreational areas l
• Often a small back yard
• No neighbors located below or above as is common in condos

Inver Grove Heights townhomes for sale: Cons

• Monthly association dues
• Smaller yards or sometimes no yard at all
• You will share walls with neighbors

Find Out What You Are Qualfied For

The first step in the home buying process is to get prequalified for financing. This means that you meet with a local mortgage lender who will review your credit, income, etc. In this discussion they can tell you what types of MN first time buyer programs you might be qualified for. This first step can usually be done right over the telephone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.