North Saint Paul townhomes are often priced quite a bit less than traditional single family housing largely due to the 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 North Saint Paul townhome especially appealing to busy first time home buyers as well as to retirees who prefer not to deal with that type of upkeep.
This does not mean that the maintenance of the home is free, of course. As a part of your responsibility for living in a North Saint Paul townhome you will be required to pay a monthly association fee. 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 check into these things before you make your decision to buy since your monthly costs of living in that particular home can vary widely.
The City ofÂ North Saint PaulÂ is one of the older suburbs in the Twin Cities with well developed neighborhoods and lovely tree lined streets. Located east of Saint Paul, MN, North Saint Paul is located within the boundariesÂ Ramsey County. With a population of about 11,000 living in North Saint Paul is a little like living in a small town, but has all the benefits of the Twin Cities. With plenty of affordable housing available, North Saint Paul can be an ideal location for theÂ MN first time home buyer. If you want to search for housing in North Saint Paul please give me a call to discuss the opportunities.
One item to note is that in almost all associations, even if the association's insurance covers your dwelling, it will not cover your personal property in the townhome. All this means is that you will need your own separate policy for the interior contents of your North Saint Paul townhome, typically available for $200-$300 annually. If you need mortgage financing for your North Saint Paul townhome your lender will require you to buy this type of insurance.
The first step in the process of buying a home s to get preapproved for your home loan. This simply means that you talk with a local lender who will review your financial situation. In the prequalification application they can tell you what types ofÂ MN first time buyer programsÂ 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.
Angela CunninghamÂ Â
Sales Executive, Licensed Realtor in MinnesotaÂ
Century 21 Premier GroupÂ
1660 S. Highway 100, Suite #578Â
St. Louis Park, MN 55416Â
With a focus onÂ Minneapolis Real EstateÂ and surrounding communities.