Found 2 blog entries tagged as condo financing.


Buying a Minneapolis Condo? What to Review Beyond the Unit

One of the biggest mistakes I see condo buyers make is focusing almost entirely on the individual unit.

The kitchen looks great. The view works. The parking space is good. The monthly payment fits.

But when you buy a condominium, you are also buying into the building and the association behind it. After more than 20 years working with condos throughout Minneapolis, I have found that the building itself can matter every bit as much as the residence you are purchasing.

This is especially true in Minneapolis, where condo options range from century-old warehouse conversions and boutique buildings to large downtown high-rises, newer Mill District developments and mixed-use properties.

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Condo Reserve Requirements in Minneapolis: What Buyers Need to Know in 2026

If you’re shopping for a condo in Minneapolis—whether it’s in the North Loop, Downtown East, or Southwest neighborhoods—you’ve probably started hearing more about “reserves,” “HOA budgets,” and financing challenges. These aren’t just buzzwords anymore—they are becoming one of the most important factors in whether a condo is a smart purchase.

As someone who has worked in the Minneapolis condo market for nearly two decades, I can tell you this shift is very real. It’s not a new law that’s changing everything—it’s how lenders, insurance companies, and buyers are evaluating condo associations.

What Are Condo Reserves (And Why Do They Matter)?

Every condo association…

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