The first-time home buyer of today is the envy is nearly any home owner alive.

The first-time home buyer of today is the envy is nearly any home owner alive.

Realistically, a buyer could be choosing between a premier, urban condominium  Lentor Modern Condo in the city or a detached, single-family home built in a suburb during the 1970s or before. The two options could easily fall in the same price range.

The comforts and perks of a new condo include stainless steel appliances, hardwood floors, central air conditioning, and many other luxurious finishes. Stainless steel appliances are often included in the basic package of options developers allocate for each unit. By choosing stainless steel over ceramic or other materials, buyers essentially receive a free upgrade.

For the skeptic, trading in floor space in a home decision-for any reason-is still very counter-cultural. Nowhere is this more true than in Minnesota, where I am a lofts and condos realtor in Minneapolis. The Twin Cities region is well-known for urban sprawl! That means that high-density development has faced an uphill battle gaining acceptance here.

Yet the lifestyle IS catching on. I hope it continues to do so so that developers can build even more.

Many candidates for condo life are innately drawn to the rewards of city life. Meanwhile, the newness of construction in a modern condo can further sway the debate. Consider that:

  • The character of an older home certainly has its charms. However, the expenses and upkeep can dispel it in a hurry. Just like people, heating systems, roofs, water heaters, and home exteriors all face the issue of life expectancy. In a brand new condo, most of these maintenance costs are delayed into the foreseeable future.

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