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Scott Schultz's Blog

By Scott Schultz | Agent in Apple Valley, MN

The Pros and Cons of Buying Apple Valley Townhomes

Out Looking for Apple Valley townhomes for sale?

If you are searching for Apple Valley townhomes for sale, let’s take a minute to talk a little bit about the pros and cons of townhome living. Tens of millions of Americans enjoy living in townhomes today and it just might be a perfect solution for you as well. I think it is important for you to understand the pros and cons of the home style that you purchase before signing the purchase agreement.

Apple Valley Townhomes Prices

Apple Valley 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 Apple Valley 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. Included in your responsibility for residing in a Apple Valley townhome you will need to pay monthly association dues. This fee covers a variety of things but the extent to what it covers can vary from one Apple Valley townhomes for sale association to the next. While your monthly association dues might include insurance coverage for your dwelling in one homeowner's association, you might have to pay that separately for that 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.

Community Information: Apple Valley, MN

The city of Apple Valley, Minnesota was recently named in the top 20 of best places to live in the United States. With over 49,000 occupants, the community of Apple Valley has more than doubled in size over the last 30 years. Situated entirely in Dakota County, Apple Valley first time home buyers can benefit from the Dakota County first time buyer program With an extensive Park and Rec department in the city you'll always have something to do in Apple Valley. If you're going to be buying or selling Apple Valley townhomes for sale please do not hesitate to give me a call!

You should also know that in most associations your interior contents of your townhome will not be covered by insurance. As a result, you should also get personal property insurance which is comparable to renters insurance, typically available for $200-$300 annually. If you need mortgage financing for your Apple Valley townhome your lender will require you to buy this type of insurance.

Apple Valley townhomes for sale: Pros

  • Lifestyle with low maintenance
  • Less expensive prices for homes
  • Shared amenities such as recreational areas l
  • Often a small back yard
  • No neighbors located below or above as is common in condos

Apple Valley 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 part in the process of buying a house s to get preapproved for your home loan. This simply means that you talk with a local lender who analyzes your credit, income, assets, and debts. In this discussion they can tell you what types of Minnesota first time buyer programs you might be qualified for. This critical first part can be done over the phone and most lenders will even do this with you when you are off from work.

Scott Schultz
Sales Executive, Licensed Realtor in Minnesota
Remax Results
Cell 952-221-7419
Direct 952-431-2400
Fax 952-431-0420
14451 Founders Lane
Apple Valley, MN 55124
With a focus on Apple Valley real estate and surrounding communities.

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