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The Loft and Condo Life - Liberation From Home Maintenance Responsibilities



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By : Andy Asbury    99 or more times read
Young people are climbing a mountain as they forge into adulthood, and sometimes it can be hard to see the summit. Leadership experts agree that having an ability to let go of good things can be a giant step toward reaching things that are better. Nowhere is this wisdom more relevant than in the selection of your first home.

If you are open to living in the city, a condo home can help keep your life simple while offering an opportunity to meet very interesting neighbors. Even if you do not mind yard work in and of itself, is there anything else you would rather be doing? Volunteering your time at a charitable organization? Planning and taking a vacation? Getting enough rest? Spending more time with your family, extended family and friends?

Sometimes first-time home buyers who express interest in condos are told that condos have poorer resale value than traditional single-family homes. This pressures them to take on massive home maintenance responsibilities.

Yet the topic of resale value is highly debated among realtors and other investment professionals. For condo sellers, there may be more competition in the sense there can be more homes on the market of an equal style. On the other hand, the newer finishes and newer construction of condos can be quite a draw against suburban homes built in the 1970s. Very few home buyers relish the prospect of unpredictable and costly repairs.

The magnitude of home maintenance responsibilities should never be dismissed lightly. Homes usually do an exceptional job of shielding people from nature, but they take quite a beating in the process. Many first-time home buyer education programs are available to explain the responsibilities in detail. There are both expensive projects and dozens of chores that span the entire calendar year. For a very brief list:

  • Fall: Mowing and raking grass; caulking walls, weather-stripping windows. Repairing, cleaning and checking furnaces or boilers.

  • Winter: Shoveling snow from driveways or alleys, plus sidewalks. When you travel, making arrangements for someone to check your home’s heating system; otherwise, the water pipes in your home could freeze and burst.

  • Spring: Repairing roof from snow and ice damage; fertilizing lawn, cleaning and repairing gutters; monitoring basement and foundation for cracks and insects.

  • Summer: Painting the entire exterior every three to six years; mowing grass, trimming trees and shrubs; removing weeds and small trees.

As a condo owner, the rewards of these toils are still visible. However, most of them are shared by a substantial pool of homeowners and paid for by home owner association dues. The dues are a monthly expense, but they do work as a built-in savings plan for expensive repairs.

Even professional carpenters sometimes eschew most home maintenance responsibilities by choosing a condominium, rented apartment or townhome. They find this is one way to bring balance into their lives—and that can be a beautiful choice!
Urban REALTOR® Andy Asbury has firsthand knowledge of most of thecondos Minneapolis has to offer. TheMill District offers terrific loft condominium homes at nearly any price point. Explore all of them on www.minnesotaloftsandcondos.com today!

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