Minneapolis

Minneapolis Condominium Markets – Buying or Renting a Condo

Today if you are interested in living in Minnesota, you’ll find that many people are deciding to go with twin cities rental condos instead of going with Minnesota homes for a variety of reasons. There are many great downtown Minneapolis condominiums available not to mention downtown Minneapolis lofts and downtown St. Paul lofts. If you are looking for housing in the area, you will quickly notice that it is easy to find a good Minneapolis condominium, so you may be wondering if condo living in Minnesota is a great idea for you. Well, let’s take a closer look at why the condominium markets are doing so well, the deals you can find, and the great benefits you can enjoy if you choose condo living.

Downtown Minneapolis Condominiums a Great Urban Housing Choice

While there are other urban and suburban choices for housing, such as Minnesota homes, you’ll find that many people are finding Minneapolis condominiums and downtown St. Paul lofts to be a great urban housing choice. Instead of living out further from the city these housing choices keep them closer to the city, and while at one time real estate trends were high in suburban living, the trends in this area are beginning to lean towards condo living in the major cities of Minnesota.

Over Building Has Led to a Soft Market

Wondering why twin cities rental condos have become such a great opportunity and why so many people are choosing this route? Well, the main reason is that over building of condos in these areas have led to a soft market. So many condos were built in a short amount of time and now the supply is higher than the demand, which has led to excellent deals. This is definitely a great time to get involved in renting or even purchasing a condo in the twin cities area.

Rent Condos Now for Great Deals

Because of the soft market and the great availability of downtown Minneapolis lofts, condos, and downtown St. Paul lofts, you’ll find that now it is easy to rent condos for great deals. If you’re looking for low cost housing, this is an excellent choice, since the deals are excellent right now.

Benefits of Condo Living in the Twin Cities

Of course you may be wondering if condo living in the twin cities area is really a great choice for you. Well, you’ll actually find that there are many great benefits to living in condos. Here are just a few of the excellent benefits that you can enjoy when you go with twin cities rental condos.

• Benefit #1 – Avoid Dealing with the Long Morning Commute – First of all, one of the main benefits that you can enjoy when you decide to go with condos in the twin cities area is that you’ll be able to avoid dealing with the long morning commute. While many people enjoy suburban living, you’ll find that the commute can get expensive. When you live closer to town in a nice condo, you may be able to take public transportation or even to walk to work. This will mean that you won’t have to worry about the long commute to work and you’ll definitely save money in gas costs as well.

• Benefit #2 – It’s Now Affordable – Although you may think that living in downtown Minneapolis condominiums is expensive and cost prohibitive, you’ll actually find that the opposite is true. You’ll find that it is very affordable to live in twin cities rental condos at this point in time, and it’s actually one of the best choices in housing in the area if you are looking for options that are affordable.

• Benefit #3 – No Upkeep to Worry About – Many people love living in condos because there is no upkeep to worry about. You don’t have to come home from work to worry about a lawn to more or landscaping to keep up, and the maintenance on the buildings are usually taken care of as well. If you like the idea of living a maintenance free life, then you just may find that condo living is a great option for you.

• Benefit #4 – Many Great Condos to Choose from in The Twin Cities Area - There are many great condos to choose form in the twin cities area as well, which is another great benefit. Whether you are looking for downtown St. Paul lofts, downtown Minneapolis lofts, or even a Minneapolis condominium, you’ll find that you can find about anything you like right now. There are many great options that are available to you, and this is a big benefit to you when you are interested in purchasing or renting a condo in the twin cities area.

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Minneapolis: A Clean and Green City

If there is one thing that Minneapolis should be famous for it is the city’s dedication to maintaining its reputation as among the greenest cities in the State of Minnesota.  True enough, Minneapolis has proven it is hell-bent in protecting the environment through the Minneapolis GreenPrint which is its guide to attaining sustainable development.

The Minneapolis GreenPrint is a framework based on ten healthy environment indicators.  An annual GreenPrint Report is submitted to the City Council to measure the environmental interventions being done by the city each year which can include street sweeping, installation of solar panels on city building roofs and other private sector initiatives.

The environmental efforts of Minneapolis go a long way considering that it is Minnesota State’s city and Hennepin County’s county seat.  With St. Paul, it forms the now-famous Twin Cities, and has 3.2 million residents as of the last Census.

Employee relocation and corporate relocation usually targets Minneapolis due to its clean and healthy environment.  With twenty lakes, creeks and lots of waterfalls, Minneapolis is a city that is abundant in water. It is thus no surprise that its name is taken from the Dakota word “mni” for water and polis for city, to mean water city.  In fact, Minneapolis is also called the City of Lakes.

History and City Profile

The history of Minneapolis is largely tied to water primarily because of the city’s physical make up.  Minneapolis lies on an aquifer and so the city is serious in managing its watershed areas.

Business in the city is mostly hinged on finance, trucking services, industry and health services.  Several companies engage in milling, chemical and agricultural products, food processing and similar businesses.  It is home to some of America’s Top Companies including Xcel Energy, Target Corporation, Ameriprise Financial and Thrivent Financial for Lutherans, Donaldson Company, PepsiAmericas and US Bancorp.

Minneapolis does not however just boast of a clean environment and good water sources but it also boasts of a holistic development that made it to the Kiplinger survey of Smart Places to Live in 2006 (it was ranked number 2 together with St. Paul).  It has also been included in the list of Seven Cool Places for Young Professionals and was chosen as the United States’ Top Tech City survey by Popular Science in 1995.

The city, along with St. Paul’s $145.8 billion gross state product accounts for 63.8% of the State of Minnesota’s gross state product.  The year 2000 was a bad year for the area as it experienced a recession but it has bounced back in 2005 with a growth in personal income by 3.8%.

Culture and the Arts

If you are thinking of relocating in an area where you can expose your family to culture and the arts then Minneapolis should be your best bet.  Theater is big here starting with the Guthrie Theater which was designed by 2008 Pritzker Prize Winner Jean Nouvel.

Minneapolis is a haven for art and the artists.  It has been ranked the most literate city in America and this can be one big reason for relocating in the area especially if you have children or you have a great interest in culture and the arts.  It is home to the largest literary and book center in the country known as Open Book.  It boasts of the Loft Literary Center which is a venue for contemporary and traditional arts and crafts.

If you are offering a relocation package for your employees then make sure you mention the existence of the Minneapolis Institute of the Arts, the city’s largest museum with over a hundred thousand collection of art and other historical items.

The most famous contribution of Minneapolis to the American music industry is Prince.  This world-famous pop icon is a product of the Minneapolis Public Schools.

Sports

Minnesota relocation can become more exciting with the knowledge that sports means a lot to its residents.  Among the teams that raised the flag of Minneapolis are the Minneapolis Millers (known for contributing 15 baseball players to the Baseball Hall of Fame), the Minneapolis Lakers basketball team (with six championships on its belt in all the three leagues) and the NWA Minneapolis Boxing & Wrestling Club (now known as the American Wrestling Association).

The Minnesota Vikings, the Minnesota Twins (won the 1987 and 1991 World Series), the Minnesota Lynx WNBA, the Minnesota Wild hockey team and the National Lacrosse League team Minnesota Swarm are just some of the teams that make up the vibrant sports atmosphere of Minneapolis.

Employee relocation in Minneapolis is very appealing to those who have families considering the city’s well-designed park system, considered the best in America in terms of design, financing and maintenance.  Residents of Minneapolis have to thanks Theodore Wirth for this.

Housing

There are a variety of Minneapolis relocation package and if you want to find out about this you can get the services of a relocation specialist who will be able to provide you with important relocation information to help you decide if moving to Minneapolis is indeed the right decision.

Minneapolis real estate can offer you lots possibilities and you can choose from any of the real estate listings in the city including single family residences, single story homes, condominiums, duplex, or lakeshore properties.  You can even purchase or mortgage land and build your own house.  However, it would also be ideal to look at the latest foreclosure listings as they may be new homes on the list that are quite affordable.

Still unsure about moving to Minneapolis?  Think of how clean the air you are going to breathe once your family relocates in the city. Think of the artistic and cultural exposure your family is going to get.  Think of how important quality of life is and think of Minneapolis.

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