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By Scott Schultz | Agent in Apple Valley, MN

The Pros and Cons of Buying White Bear Lake Townhomes

White Bear Lake townhomes for sale: The Pros and Cons

There are many reasons to search for White Bear Lake townhomes for sale. Over recent decades this type of home has offered a convenient lifestyle to millions of Americans. With reduced home maintenance and lower priced housing, many people find townhome living to be more conducive to their lifestyles. What are some of the pros and cons to living in a White Bear Lake townhome?

Prices for White Bear Lake Townhomes

White Bear Lake townhomes for sale are often priced significantly less than traditional single family houses due in large part to the common areas and shared walls. 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 White Bear Lake townhome especially appealing to busy first time home buyers as well as to retirees who prefer not to deal with that type of upkeep.

White Bear Lake Townhome Association Dues

This fact does not mean that the maintenance is without cost, as you know. Included in your responsibility for residing in a White Bear Lake 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 association to another. For example, while your association fees might include home insurance in one association, you might have to shop and buy that on your own in another. It is important to investigate these points before you buy a White Bear Lake townhome as your monthly costs could vary significantly depending upon the association.

White Bear Lake Info

Home to one of the largest lakes in the area, White Bear Lake is a popular place to live for home owners in the area who want the benefits of living on lakefront property. With a population of about 23,000, White Bear Lake is a popular bedroom community of St. Paul. With all the benefits of a small town feel, homeowners here also benefit from all the employment and entertainment opportunities that the Twin Cities have to offer. White Bear Lake offers 24 public parks including ballfields, walking trails and playgrounds. If you are looking to buy a home in the Twin Cities market, let's be sure to add White Bear Lake to our listing search!

An important note to those buyers using 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 MN, townhome associations were formed as a condominium association to save fees for the developers. If it is actually a condo association, FHA will require that the association has been approved by FHA. If the association is not yet approved by FHA, the process for getting it approved can be fairly time consuming and could possibly delay your loan closing by weeks.

White Bear Lake 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

White Bear Lake townhomes for sale: Cons

  • Monthly association fees
  • Smallish yards
  • You will share walls with neighbors

First Step To Buy A Home: Get Preapproved

For many MN first time buyers the intimidating question is where do I start? Your very first step to home ownership is to get preapproved for a first time buyer's mortgage. By doing so you find out how much you are qualified for so that we can research homes in a price range with comfortable payments for you.

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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