Why buy when you can rent? From retail to hospitality to homeownership, the Millennial generation has become one of renters. Young adults who have reached the home-buying area are waiting much longer to purchase a property than previous generations, or sometimes not at all.
Rather than settling down in a suburban home, they’re heading to major metropolitan areas like Minneapolis and taking up residence in urban apartments. Here’s a closer look at why Millennials find renting to be the better option.
Economically speaking, Millennials were hit hard during the recession. Young adults who graduated college from 2006 to . . .
Downsizing from a single family home or townhouse to an urban condo or loft? When moving to a smaller place, scaling back your belongings requires a bit of planning and smart decision making. If you’re not sure how to pare down all of your extra stuff, here are some tips for transitioning from a larger home to a smaller space.
Start early. Give yourself at least a month to get organized. Put a downsizing game plan in place so you can avoid the mad rush of eliminating things on moving day. Measure! If possible, scope out your new condo and . . .
Minneapolis is experiencing a rental housing boom, particularly in upscale neighborhoods like Uptown, North Loop and near the University of Minnesota. So it’s no surprise that new luxury rentals are coming soon to the north end of Lake Calhoun.
In April 2014, the Cedar-Isles-Dean Neighborhood Association (CIDNA) Board approved two projects for the neighborhood, at the recommendation of its Land Use Committee. The high-rise apartments will be located on the busy West Lake Street, a popular city thoroughfare. Both developments will afford residents with gorgeous views of Lake Calhoun and the downtown skyline.
Over the past year, you may have noticed a change in downtown Minneapolis. Dozens of newly-constructed luxury apartment buildings have sprouted up, with more in the works.
Developers are designing high-end complexes that mimic the luxury benefits of privately-owned condominiums. Why be weighed down by ownership when you can get the same perks by renting a high-end apartment?
A Matter of Property Characteristics
Apartments and condos are easily confused, but the key (and most recognized) difference is ownership. There are several other distinctions that classify these dwelling types, however. Here’s a quick look at the common differences between them.
I love living in Minneapolis. I'm from Australia and live and breathe for the ocean, but Minneapolis is a thriving city I am happy to now call my own.
And one of the most exciting things happening in Minneapolis is the refurbishing of old commercial buildings and giving them new life as residences. A great example is the Soo Line Building in downtown, once the tallest commercial building in the city, it's now one of the most stylish places to live.
I love modern design, but I also have a great love for tradition and history. While the inside has . . .