Minneapolis Real Estate News & Market Trends

You’ll find our Minneapolis, MN blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 16, 2019

Top 3 Things Millennial Home Buyers Want in a House

Millennials

We all know that millennials, now the most populous generation in the US, are changing the game on every level. Those born between 1981 and 1996 now outnumber their parents’ generation, the baby boomers. They are rewriting all the rules and straying from the patterns set down by their parents. These habits are true even in real estate. 

 

In Twin Cities real estate and all over the US, millennial homebuyers have different needs than baby boomers had when they were in their 20s and 30s. They don't want to settle in the suburbs, and they want different types of houses than their parents did. 

 

But millennials also have less money on average than their parents did. So they are conscious of making every purchase count. From splurging on that spiced chai latte to deciding whether to backpack in Thailand, millennials have learned to prioritize their needs in a struggling economy. Of course, the most significant purchase of your life is usually buying your home. So it needs to be just right and cater to what is essential in the millennial experience. 

 

Whether you're a millennial looking for your perfect urban home or a baby boomer trying to downsize, count on Roost Real Estate for all your real estate needs. Roost is made up of a unified team of Minneapolis’ most exceptional real estate experts. You’re guaranteed the best experience possible in Twin Cities real estate. 

What Types of Houses Do Millennial Homebuyers Want?

The demands of millennials are transforming the real estate game in the US and particularly in the Twin Cities. There are three significant components for homebuyers in this generation

Location is Key 

Yoga Studio

If baby boomers are selling it, chances are millennials don't want to buy it. In this case, they are not interested in the big suburban homes that drew the baby boomers in the 1970s, 80s, and 90s. 

 

If you want to make a millennial cringe, just say the word “suburbia.” It conjures the vision of cookie-cutter neighborhoods where every house looks exactly the same, with no style or personality. Instead, millennials are flocking to urban locations and straying from once-popular suburbs. 

 

For the real estate market, this means that there is a surplus of suburban homes that are struggling to sell. Meanwhile, smaller and more manageable urban homes are flying off the shelves. In fact, US millennials are the first generation to be more happy in urban areas than in rural areas. 

 

This generation insists on being in the middle of the action. They will sacrifice excessive space to be walking distance to the hot yoga studios, popular bars, and their office buildings. 

Transportation Options 

Another thing millennials are over? Being stuck in traffic with long commutes. By purchasing real estate in the city, this generation has prioritized speedy transits to and from work so that they can spend their time how they want. 

 

Ideally, millennials will have the option to bike, scooter, walk, or roller skate all over town without ever having to pump gas. They are more health-conscious and more concerned about environmental issues like global warming and fossil fuel dependence than any previous generation. 

 

Helping the environment, staying fit, and saving money on the many expenses of car ownership are all part of their world. This lifestyle is a no brainer for the average 20 to 30-year-old. It also frees up families to have just one car or maybe none at all. 

 

Luckily, Minneapolis boasts the second-highest number of bike commuters in the nation. So biking is not only possible but encouraged by events like 30 Days of Biking. Biking trails like the Grand Rounds Scenic Byway, Medicine Lake Regional Trail, and the uber convenient Midtown Greenway complete the biking culture of the Twin Cities. 

Move-in Ready

Open floor plan

The largest generation is also shifting in the types of houses it prefers. They tend to opt for smaller, more modern homes with casual living spaces and open floor plans. They are not interested in the overly formal homes of their parents’ generation. They see those structures as having unnecessary rooms and details. 

 

When you look at how millennials like to spend the majority of their time, this transformation in taste makes a lot of sense. They prefer to be outside of their house, exploring the city just beyond their front doors. 

 

Unlike their parents, they would rather meet their friends at the new top-rated brewery than entertain at a dinner party. So formal dining rooms with lavish place settings are no longer necessary. And because millennials are waiting longer to have children and are having fewer children on average, extra bedrooms are not always necessary either. 

 

In addition to a simple layout, millennials want minimal maintenance. Fixer-uppers are increasingly unpopular in this demographic. Give them the backyards that are already fenced-in for their fur babies. Make sure the appliances are modern and won't need repairs or replacement any time soon. They will gladly trade in elaborate, gigantic spaces for a home that is fully functional, practical, and easy to call home. 

Let Roost Do the Work for You

As your local Twin Cities condo experts, the Roost team is perfect for millennial homebuyers. We know the cities inside and out. If you're a millennial looking for your first home, let our friendly realtors guide the way in showing you all the Twin Cities has to offer. The perfect home is out there, and we can make sure you find it.   

 

At Roost, we can help you find just what you want. Whether you are looking in a particular neighborhood, need to find something close to your job, or have no idea what you want, we have you covered. You can trust each member of our team to guide you through the whole process. We will be your real estate buddies every step of the way.

 

Contact us today and let the world-class realtors at Roost help you live the dream. 










Posted in Home Buying
Aug. 26, 2019

Where the Money Is: Dellwood, MN

Pine trees in fog

Dellwood, one of Minnesota’s most affluent and sought after places is well worth a closer look. The city has much to offer. If you’re looking for the perfect place to purchase a home, look no further. 

 

From idyllic landscapes to fantastic restaurants to elegant people, Dellwood, MN offers an elevated lifestyle that you cannot beat. At Roost, we know how to help you find your perfect home. Contact us now so we can show you all Dellwood has to offer.

 

Before we talk more about all that Dellwood has for you right now, let’s look back on its humble beginnings.

The Origin Story

Dellwood was founded in the 1850s by people fleeing city life in St. Paul. They were seeking the sanctuary of a more rural lifestyle during the hotter months of the year. With its beautiful rolling hills, Dellwood, MN was an ideal setting for a relaxing and fashionable summer.

 

The population started to grow in the 1870s when the Stillwater and St. Paul Railroad completed an expansion around White Bear Lake. After its founding in 1882, The Village of Dellwood would have to wait 100 years before the great state of Minnesota recognized it as a city. 

 

Today, Dellwood is principally a residential area with some farmland dotted throughout its approximately 1800 acre area. It’s a great place to call home, and those who choose to live here consider themselves fortunate indeed.

Dellwood, Your New Home

If you are looking for a place to put down some roots, Dellwood might be the place for you. 

 

Dellwood is the wealthiest city in Minnesota. It has an average income of around $171,000, and more than half of all homes are worth more than $500,000. Dellwood, MN is an affluent community that draws many families who are looking for the perfect place to live. It is one of the most splendid cities in Minnesota and a fantastic place to call home.

 

For families with school-aged children, Dellwood’s location in one of the top ten school districts in Minnesota is ideal. Mahtomedi Public School District has an overall grade of A+. It consists of about 300 students per grade with an average class size of 24. It also boasts an impressive 17 to 1 student/teacher ratio. 

 

For the food-lovers out there, Dellwood is full of incredible restaurants. Acqua features an Italian flair with a focus on the highest quality ingredients. Its romantic location on White Bear Lake is picturesque, and the views are stunning.

 

Margaux’s is a fresh take on farm to table with a New American themed menu featuring organic and gluten-free options.

Local Hot Spots

In addition to fantastic dining options, Dellwood also features a few other local gems. And with its proximity to downtown St. Paul, the opportunities for entertainment are endless. Here are some of the favorites:

 

Vineyard in the sunlight

7 Vines Vineyard

This gorgeous winery sits on a historic 180-acre estate that was once owned by railroad baron James J Hill. 7 Vines Vineyard is truly a destination. 

 

Founded in 2010 by local St. Paul couple Ron and Arlie Peltier, the bonds of family are at the heart of everything they do at 7 Vines. In fact, you can find the names of Ron and Arlie’s seven grandchildren on the neck of every bottle of wine they produce.

 

The Peltiers planted the first grapevines at 7 Vines in 2012. Those vines grew into a few more, and now there are over 5,000 vines that decorate the rolling hills of the winery. 

 

Head winemaker Brian Forbes spent many years working and training at some of the best wineries all over the world. He uses the extensive knowledge and expertise he gained to produce some of the most excellent wine that Minnesota has to offer. 

 

So make a trip over to 7 Vines and taste for yourself.

Dellwood Country Club

Just blocks away from 7 Vines is the stunning Dellwood Country Club. This incredible venue boasts a gorgeous location for weddings and other events. With gourmet dining, golf, tennis, swimming, and a top-notch fitness center, Dellwood Country Club is a unique family-friendly treasure. 

 

Members and guests enjoy the upbeat, casual atmosphere that welcomes everyone to enjoy the world-class amenities.

White Bear Lake

Did you know that F. Scott Fitzgerald may have gotten much of his inspiration for his pivotal work from his time spent at White Bear Lake? He and his wife, Zelda, stayed on White Bear for several summers, and this area heavily influenced his famous novel, The Great Gatsby

 

He spent one summer staying at the White Bear Yacht Club where he and Zelda famously were booted from the hotel for reasons mostly unknown. Fitzgerald was a St. Paul native and is said to have had a love/hate relationship with his home town. 

 

Beyond its ties to Fitzgerald, White Bear Lake is an attraction all on its own. It gets its name from a Native American Story about a fight between a young man and a great white bear. The battle claimed the lives of both, dooming them to forever haunt the shores of the lake in search of each other.

 

This melancholy and whimsical tale sets the stage for the mystical landscape of the great lake. With striking views and serene settings, it is the perfect place to spend a leisurely afternoon, wandering in the wilderness.

Pine Tree Apple Orchard

 Apple orchard

One of the longest-running farms in the area, Pine Tree Apple Orchard resides on over 300 acres of beautiful farmland. Sustainability is essential here, with optimal freshness and local sourcing as the ethos by which they live.

 

They grow a wide variety of produce, including apples, pumpkins, and strawberries. Fall is the busiest time at Pine Tree, and they offer a plethora of events and activities. Notable among these are pony and wagon rides, a corn maze, U-pick fruits, and live music. 

 

On top of all that, they offer freshly made baked goods and farm-made cider! This farm is definitely worth a visit.

What Are You Waiting For?

Don’t hesitate. Dellwood, MN is calling you to make this lovely place home. The perfect home could be right around the corner, and the good ones are going fast. Dellwood is the place you want to be.

 

Contact us today and let the experienced realtors at Roost, help to make your dream a reality.

Aug. 21, 2019

Planning to Rent? Apartment vs. Condo Pros and Cons

The first condominium or condo was built in the continental United States in New York City in 1881. In 1960, Utah became home to the first modern condo, Graystone Manor, and the condo went on to flourish in popularity in states such as Florida. Developers offered the condominium to retirees as an economical housing option. And from this sprang the eternal question of condo vs. apartment.

 

If you are in the market for a new house, condo, or townhome, Roost is here for all of your real estate needs. Give us a call. We would love to help you find your next home.

Condo vs. Apartment

What is a Condo?

A condo is an independently sellable living space similar to an apartment. But unlike an apartment, a condo is legal real estate. A condominium structure is divided up into units that are owned by multiple, separate people. 

 

The condominium structures may offer common areas and amenities such as parks, fitness and barbeque areas, pools, or other shared spaces. All of the individual owners are joint owners of these areas. Typically a homeowner’s association, or HOA, manages that part of the ownership.

What is an Apartment?

An apartment is a self-contained housing unit located within a building that has multiple units. Individual apartment units are not typically owner-occupied or individually owned. Because of this, they are not considered real estate.

 

Apartment buildings may or may not offer common areas such as parks, pools, fitness areas, or laundry facilities. Many of these community area offerings are only in luxury apartment living situations.

What is the Difference?

The primary difference between an apartment and a condo is ownership, but there are additional differences:

  • Condos have private owners. The owners of condominiums have the right to change the interior of their condos at their discretion. Typically, those living in apartments are renters, not owners. As tenants, their decorating options are limited and usually require owner approval. 
  • Condo owners usually pay HOA fees to share the collective costs of maintaining common areas. Apartments include the cost of maintaining any common areas in the monthly rental price.

Condo owners ready to paint

Advantages of a Condo vs. an Apartment

Condo and apartment living are very similar. Understanding the advantages and disadvantages of a condo vs. apartment can help to decide which one is best for you. 

  • Equity - As the owner of a condo, you will build equity every month as long as the property appreciates. Although condominiums may raise in value slower than some other types of real estate, you still gain equity. Apartment renters do not gain any equity. The owner of the entire building does instead.
  • Monthly Cost - There may not be much difference in monthly costs between owning a condo vs. apartment living. When renting, condo and apartment rental fees can be comparable, but condos may receive better maintenance since private individuals own them.
  • Maintenance - Neither apartment or condo owners are responsible for doing the maintenance on the exterior of their buildings or units. But condo owners generally pay HOA fees to help cover those costs. They also are responsible for maintaining the interior. Apartment buildings may have 24-hour maintenance staff to call when a dishwasher breaks or the washing machine goes berserk.
  • Up-front Cost - Unless you can pay cash, you will need to secure a mortgage to buy a condominium. You will likely need a down payment and could be responsible for closing costs. To rent an apartment, on the other hand, you generally only need to have a security deposit and the first and last months’ rent. This amount may be less than what is required to purchase a condo.
  • Inventory - Nationwide, there is a much bigger selection of apartments than condos available.
  • Amenities - Condos typically have an extensive list of amenities which can include pools, fitness facilities, BBQ areas, and other community advantages. Apartments vary widely in the amenities they offer residents, and many offer no extras at all.
  • Length of Stay - When you live in an apartment, the rent can go up. The building may sell. Any number of things can come up, forcing the tenant to need to make a move. As the owner of a condo, you don’t have to worry about rent-hikes and landlord-induced life changes because you will own your unit.

As the owner of a condo, you can be a long-term member of a community while you build equity in your piece of real estate. You truly can call your condominium home.

Roost Is Your Condo Expert

Unlike with renting an apartment, if you choose to purchase a condo, you will not only build equity but also gain the freedom of owning your space. You will enjoy the flexibility of designing your home with full freedom to showcase your style and expression. By purchasing a condo, you can ensure the stability of your future and take advantage of the many community amenities available to you.

 

If you think a condo might be the perfect place for you to call home, call us. Roost has a variety of housing options to show you, including homes, condos, and townhomes. We live here, and we know this market. We would love to help you find your perfect place.

Posted in Home Buying
Aug. 13, 2019

Amazing Fun Facts About Minnesota

The word "Minnesota" with pictures

 

In 1849, Minnesota proudly became the 32nd state in the nation. And it has grown and flourished ever since. Minnesota’s economy sprung from its natural resources and included significant logging and farming. With a vibrant modern culture and a robust history, there are some amazing fun facts about Minnesota and all the things going on there today.

 

If you are excited to call Minnesota home, Roost can help you navigate the housing market and get you into the perfect house, condo, or townhome.

Fun Facts About Minnesota

Land of Lakes

Yes, this is where the butter came from, and they don’t call us The Land of Lakes for nothing. Our license plates claim we have 10,000 lakes, but Minnesota actually is home to 11,000 lakes.

 

We have more shoreline than California, Florida, and Hawaii combined. If you enjoy water sports or ice skating, you will love knowing that just about anywhere you call home in Minnesota will have a lake nearby.

We Have the Best Coffee

You might like your Starbucks, but we have something better - Caribou Coffee. You can find a cozy coffee shop on almost every Minnesotan city corner. Nothing beats sitting on a plush chair by the fireplace, with a hot specialty drink in hand, as you watch the snowfall outside. 

 

If you are a coffee lover, Minnesota is a bucket-list state. And if you are looking for a new home in which to enjoy your coffee, why not live here?

We Love Our Food

Whether it’s cold, creamy Izzy’s ice cream in a bourbon waffle cone or a mouth-watering Jucy Lucy (we invented that), we love our food. And why shouldn’t we? It’s delicious. Wondering what a Jucy Lucy is? Glad you asked. It’s our legendary cheeseburger that has the cheese inside the patty instead of on top. 

 

Candied apples on sticks 

Oh, and for the record, we’ll fry anything. Anything. The Minnesota State Fair is a must-do trip, and while you’re there, you’ll find more fried food on a stick than you ever dreamed could exist.

We’re Fun People

Minnesota has a festival or celebration for pretty much anything you can imagine, all year round. 

 

We have the Renaissance Festival & Art Fair in the spring and summer and the Saint Paul Winter Carnival and Holidazzle festivities in the winter. Every time you turn around, we have another festival for you. We are really fun people here.

Zombie Pub Crawl

One of the most obscure Minnesota fun facts is that we invented the Zombie Pub Crawl. Every October, you can stalk the streets, roaming from pub to pub with fellow zombie lovers. Costume up and join in the fun.

Minnesota Craft Beer

Minnesota has a variety of locally-brewed beers you can enjoy at bars and pubs across the state. Walk into any bar or store, and you’ll likely find Summit or August Schell beer for your enjoyment. If you are a beer connoisseur, Minnesota might be the place for you. 

Minnesota Fruit Creations

Along with our many fantastic apple orchards, Minnesota is also responsible for creating some of its very own delicious varieties of the fruit. Scientists at the University of Minnesota created both the Honey Crisp and Sweet Tango apples. 

Awesome Music Scene

Some people might not know that Prince, Morris Day, and Bob Dylan were all born here. We have an explosive music scene with concerts and festivals year-round, including the Mid West Music Fest. With more than 100 acts in two cities, this music festival is an incredible opportunity to enjoy premier live performances. 

 

For country music lovers, be sure to catch We Fest. This festival has been entertaining fans for almost 40 years. First Avenue and Fine Line bring downtown Minneapolis residents live music that gets them dancing. And in 2020, Minneapolis will be home to the Fillmore Minneapolis, a venue that plans to host more than 150 live events each year.

Minnesotans Ride Bikes

Minnesotans love outdoor activities, and bicycling is no exception. With over 1000 miles of biking trails, cyclists can enjoy both road and mountain biking.

We Ski

Minnesota is the place to go for cross country or downhill skiing. We have fantastic cross country trails throughout the state, including in metropolitan areas like Theodore Wirth and Como Park. Some residents even enjoy skiing to work or school during the winter.

 

For downhill enthusiasts, we are lucky enough to have Afton Alps, one of the magnificent Vail resorts. With 300 acres for skiing, Afton Alps can keep everyone happy, from beginners to experienced thrill seekers. 

Minnesotans are Totally OK with Eating Out of Trucks

The idea of getting a great meal from a truck may seem foreign to some people, but we Minnesotans know better. Some great gourmet food is available from the food trucks that abound in our metropolitan areas. If you like Latin food there’s Hola Arepa. For sustainable, eco-friendly delights, grab something from the Gastrotruck.

What is Unemployment?

Unemployment is practically non-existent here. Minnesota is home to 19 Fortune 500 companies, so there are ample work opportunities available to most anyone. Minnesota has one of the lowest unemployment rates in the nation, making it a fantastic place to call home.

Minnesota Welcomes Hipsters

Minnesota has been named the most hipster state in the country. With our fabulous bike life, incredible music, and plenty of coffee shops, we’re not surprised by this claim to fame.

 

We have more coffee shops and gourmet eateries than you’ll find anywhere else in the Midwest. We rock our music and flannel hard. And with our unique culture, you will fit right in, whatever your style.

Let Us Help You Settle Right Here

Minnesota is a trendy, diverse, amazing state with a lot to offer anyone searching for their next home and big adventure. If you enjoy the great outdoors or are a food and drink connoisseur, come join us. If you like to ride your bike around town, rock out to the music scene, or take advantage of the snow, Minnesota might be the place to call home.

 

With excellent food, a vibrant cultural scene, and an inclusive mentality, Minnesota is full of great things. If you think Minnesota might be the perfect place for you to land, give us a call. Roost has a variety of housing options to show you, including condos, townhomes, single-family homes, and investment properties.

 

Roost is locally owned by an expert crew that has lived here for most of our lives. As natives and locals, we know this market better than most. We would love to be on your team as you look for the perfect home.

June 26, 2019

Spotlight on: Minnetonka, Minnesota

Minnetonka "Great Water"

 

Minnetonka, Minnesota. Who would want to visit, much less live there? Well, you might be surprised. This exciting yet homey town has a great deal to offer both visitors and residents.

 

Whether you are looking for parks, schools, outdoor adventures, festivals, restaurants, or more, you might be surprised at everything you can see or do in the city. 

 

At Roost, we specialize in finding people their perfect home, whether it is in Minneapolis or surrounding areas, including Minnetonka. Call us today so we can start looking for your next roost.

History of Minnetonka

 

The city of Minnetonka boasts around 50,000 residents. People from all walks of life call this charming place home. The name Minnetonka comes from the Dakota Sioux word mini tanks, which means “great water.”


Minnetonka is eight miles west of Minneapolis and at the eastern tip of Lake Minnetonka. Before settlers came to the area in 1822, the Dakota and Obijwe Indians resided in the area. In 1851, the Dakotas sold the land that is now Minnetonka.

 

A variety of mills operated in the area in the following decades. A sawmill opened in 1852. Fun fact: the bridge at Saint Anthony Falls was built from oak milled at this sawmill. A flour mill and grist mill, as well as other mills, were in operation in Minnetonka, as well.

 

Minnetonka fluctuated in size and scope for generations until finally becoming a village in 1956. Eight years later, the town of Minnetonka became a city.

Working in Minnetonka

Many major corporations call Minnetonka home. Whether you are looking to work for a large company with substantial holdings or a small business based in the community, you will find a little bit of everything.

 

United Healthcare, under the umbrella of UnitedHealth Group, employs more than 4,000 people in the area. This healthcare company serves more than 115 million people and brings in more than 200 billion dollars in revenue each year.

 

Cargill is the next largest employer in Minnetonka with around 3,400 employees. Cargill was founded initially in 1865 and is the largest corporation that is privately owned, based on revenue. Cargill focuses on trading, purchasing, and distributing agricultural products.

 

The third largest employer in Minnetonka is Carlson, with approximately 3,100 workers. Carlson is one of the largest family-owned companies in America, with more than 37 billion in profits each year.

 

On top of these substantial companies, there are numerous other employers, including the Minnetonka School District, as well as many small businesses and companies that call Minnetonka home.

Minnetonka Schools

Minnetonka is known far and wide for having a superb school district. However, living in Minnetonka, there are three different and independent school districts a student might fall under for schooling.

 

The Hopkins School District serves students in the central and eastern areas of town.

 

Minnetonka School District covers all students who live in the western part of the city north of the lake.

 

Wayzata School District is responsible for students in the southern area of Minnetonka.

 

There are also several private schools inside city limits. Accell Academy, Immaculate Heart of Mary Catholic School, and Minnetonka Christian Academy all serve a variety of students throughout Minnetonka.

Living in Minnetonka

Minnetonka Center for the Arts is located on North Shore Drive and is a fantastic resource for everyone in the area. At the Center for the Arts, you can do so much more than take an art class. There are rotating exhibits, workshops, and events throughout the year.

 

There are four levels of membership at the Minnetonka Center for the Arts with varying degrees of benefits. By becoming a member, you not only get discounts to classes and events at the Center, but you also help ensure art is available to the entire community.

 

The park system in Minnetonka, like many park systems throughout the area, offers a variety of outdoor entertainment. From beaches in the summer to ice rinks in the winter, the park system will keep residents and visitors of all ages busy, happy, and active.

 

In Minnetonka, there are more than 90 miles of trails available for running, biking, or walking. There is a 40 -mile loop, the Loop Trail Corridor System, which is maintained by the city. The majority of the trails are maintained year-round. You can even get a pocket map for your convenience.

 

One of the best parks in the city is the Gro Tonka Park, located on Prospect Place. This vast park offers football fields, softball fields, skating, roller hockey, tennis courts, covered areas and picnic areas, horseshoes, and restrooms. You might find yourself spending many afternoons in the beautiful park.

 

In the summer, you can take advantage of multiple beach locations that are maintained by the city. When the temperature rises, make your way to Shady Oak Beach or Libbs Lake Beach.

 

When the temperature falls, and you’re in the dead of winter, lace up those skates and head to any of the numerous parks that offer skating rinks. There are thirteen rinks with warming houses between Minnetonka and Hopkins.

Call Roost

If Minnetonka sounds like a great place to call home, give Roost a call today. We specialize in finding people a perfect place to call home. We strive to work hand in hand with each of our clients. We work hard to get to know every home-seeker who comes through our doors.

 

Whether you are looking for an apartment or condo, townhome, or a house, we have experience finding that elusive home. We help our clients navigate the jungle of real estate and land in a place they want to come home to each night.

 

Give us a call today and let us show you some available properties in Minnetonka, Minnesota. We can show you houses near fantastic schools, or close to UnitedHealth Group, or next to any of the trails that flow through the city.

 

Whatever is important to your family is important to us, and we will work hard to ensure you find the perfect home.

June 19, 2019

Spread the Word! Minnesota is a Great Place to Be!

 

Nestled in the heart of the Great North, Minnesota is one of those states you don't quite understand until you've been here - and then you may never leave.

 

At Roost, we're passionate about Minnesota real estate and finding you the perfect place to call home.

There are so many reasons why Minnesota is a great place to live that we couldn't possibly say them all - but we gave it a shot! Read on to discover why Minnesota should be on your short list of "Places to Move."

 

FAST MN FACTS

 

  • 5.6 million residents
  • 60% of residents live in the Minneapolis-St.Paul metro
  • 22nd most populous state
  • 12th largest state

 

QUALITY OF LIFE

 

For nearly a decade, Minneapolis-St. Paul has consistently ranked at the top of lists of states with the best quality of life.

 In a 2018 Gallup survey, Minnesota was ranked as the fourth healthiest state in the nation.

 In 2019, a WalletHub evaluation put Minnesota at number 2 in the Best States to Live In (just behind Massachusetts).

 The Minnesota cost of living is slightly higher than the national average, but we say you get what you pay for!

 

FOOD

 

Part of being "Minnesota Nice" is maintaining a humble demeanor, but there is one thing we're happy to brag about: our food.

 Epicureans and foodies will delight in the various options found around the Twin Cities and beyond. The state's Scandinavian cuisine heritage is melded with delicious flavors from around the world, thanks to our growing multicultural population.

 Don't take our word for it, though. Check out this article from the Smithsonian entitled "Why Every Food Lover Should Visit the Twin Cities" or this hot take from Esquire that proclaims "Minneapolis Is the Food World's Best Kept Secret."

 If you're planning a trip soon, check out Twin City Eater's list of The 38 Essential Twin Cities Restaurants to plan all your must-eat meals.

 

DRINKS

 

In the past decade, the craft brewery scene has exploded across the nation, and Minnesota is no exception.

St. Paul wealth of character and old-school charm has spawned some seriously impressive breweries and brewpubs.

 Minnesotans also take patio season very seriously. If you'd like to join in our favorite pastime of eating and drinking outside while repeating things like "Wow, can you believe it was snowing just last week?" check out this list of Breweries with Patios provided by Meet Minneapolis.

 

ART, MUSIC, AND THEATRE

 

There's a reason Prince stuck was loyal to Minneapolis for so long. According to a report by the Western States Art Federation, Minneapolis ranks as the fifth-most "creatively vital" city in the country.

Live music is an integral part of the Twin Cities nightlife scene. Whether you're into punk rock, folk tunes or hip hop, there's a venue for that. First Avenue, The Fine Line, Dakota Jazz Club, The Cabooze and the Cedar Cultural Center are just a few stages that showcase local talent.

If art and museums are more your speed, there's plenty of options to choose from. Maybe we're biased, but we love the giant blue rooster at the Walker Art Museum. It's one of the most iconic art pieces in the city - second only to the infamous Spoon and Cherry sculpture.

Theatre geeks are also in luck: Explore Minnesota estimates there are more than 440 theaters throughout the state. From drama to comedy to big Broadway musicals, ballet to modern dance, professional to up-and-comers, there is a show for every taste.

 

EMPLOYMENT

 

The Twin Cities is a haven for professionals looking to make serious inroads on their careers. The metro area is one of the most concentrated regions of the world for fortune 500 companies and is home to prominent companies like Target, United Health Group, 3M, Land O' Lakes, Best Buy and more.

The unemployment rate stands at just 3%, making Minnesota one of the best states in the union to find a job.

According to the Pioneer Press, Minnesota is creating thousands of new jobs in the leisure, hospitality, trade, transportation, and financial activities sectors in 2019.

 

SPORTS

 

Minnesotans are notoriously sports-obsessed. Despite being far from the most populous state, we maintain an impressive roster of professional sports teams that we love to watch and sometimes hate to love.

 

  • Minnesota Twins - Baseball
  • Minnesota Vikings - Football
  • Minnesota Wild - Ice hockey
  • Minnesota Timberwolves - Basketball
  • Minnesota Lynx - Basketball
  • Minnesota United F.C. - Soccer
  • Minnesota Whitecaps - Ice hockey    

 

SHOPPING

 

Shopping is one of Minnesotan's favorite indoor activities, no matter the season. From hipster to suburban mom or retro glam, there's a little bit of something for everyone. Thrift stores abound across the metro area, with entire neighborhoods devoted to vintage and secondhand goods.

Minnesota is also home to the largest mall in the entire nation: the Mall of America. Located just across the interstate from Minneapolis-St. Paul International Airport, MoA features 520 stores, 60 restaurants, the SEA LIFE Minnesota Aquarium and indoor theme park Nickelodeon Universe.

P.S. If you want to fool a native Minnesotan into thinking you're one of them, refer to MoA's amusement park as "Camp Snoopy."

 

DAY TRIPS FROM THE TWIN CITIES

 

There is indeed life outside of the Twin Cities metro area.

  • Excelsior - This quaint small town on the shores of Lake Minnetonka is full of cafes, boutiques and effortlessly gorgeous views of the water. It's about 40 minutes away from Minneapolis, making it a convenient place for an afternoon escape.
  • Alexandria - Alexandria (or "Alec," as locals call it) is about two hours from the Twin Cities. It is a small town with a little bit of something for everyone: the Runestone Museum for history buffs, Carlos Creek Winery for wine enthusiasts and miles of shoreline for those looking to sample the famed Cabin Life.
  • Taylor Falls - Taylor Falls Park lies within both Minnesota and our (mostly) friendly neighboring state of Wisconsin. In the summer, it's a beautiful destination to explore the majesty of the north woods and waters. In the winter, skiers and snowboarders flock to Wild Mountain for a day on the slopes.

 

HOUSING

 

Navigating the real estate scene in a new city can be tricky, no matter if you're a buyer, seller, landlord, renter or developer.

Let the experienced professionals at Roost Real Estate help you make serious strides on your next real estate investment. Our talented agents are experts at knowing the market and providing expert customer service, which is why we consistently rank in the top 1% of real estate agents in Minnesota.

Come and find out what Minnesota Nice is all about with exceptional service from Roost Real Estate.

June 9, 2019

Attention World Travelers: Minnesota is a Great Place to Live

When you were in high school, people would ask, “What do you want to do when you grow up?” You’d always answered, “I’m going to travel around the world.” So you traveled, and you have the Instagram posts to prove it.

 

You’ve walked the Great Wall of China; swam with dolphins in the Galapagos Islands; marveled at the Great Pyramids in Giza; learned the secrets of French cuisines in Paris; and while it sounded terrific, you thought better of going over Niagara Falls in a barrel.

 

Every travel experience whets your appetite, feeding your determination to continuing globetrotting every continent on Earth, but you feel it’s time to put down some roots in a sweet and lovely city. You remember reading an article about some fellow world travelers who decided to move to Minnesota and call it home.   

 

Like any true adventurer, you decide to give Minnesota a shot at becoming your new home. You arrive at Minneapolis–Saint Paul International Airport, determined to learn as much about “The Bread and Butter State” as possible.

 

AFFORDABILITY

 

One of the first things that amazed you about Minnesota is its affordability, meaning life in the “North Star State” could put more money in your travel account. In recent years, Minnesota has ranked in the top 20 for having the lowest unemployment rate in the United States. Also, seventeen Fortune 500 companies call Minnesota home, which means there are excellent opportunities for employment to keep the travel account flushed with money.

 

HIGH QUALITY OF LIFE

 

You’ve also noticed that Minnesota cities strive to maintain a high quality of life and sense of environmental responsibility. As a world traveler, you love the hustle and bustle of the city, but every now and again you long for bike trails away from the highways, lovely green spaces with trees providing surreal tranquility. It pleases you to learn Travel + Leisure Magazine voted Minneapolis/St. Paul, “the second greenest city in the country.”

 

Minnesota also has a relatively low crime rate compared to the national average. As an experienced world traveler, low crime rates is always a good thing when checking out a new location.

 

SMALL-TOWN CHARM

 

While you enjoyed the glitz and glamour of a big city, you can also picture yourself living in a small town. Minnesota has plenty of enchanting small towns that will warm your heart.

 

Grand Marais, a charming town on the shores of Lake Superior, is one example. Budget Travel once named this picturesque northern jewel “America’s Coolest Small Town.” Grand Marais also uses Lake Superior’s summer cooling effect to great advantage, hosting numerous festivals to celebrate the North Shore’s history and culture. Can’t you see yourself winning the Le Grand Du Nord, considered by many to be the most awesome gravel courses in the United States?

 

Ely is another small Minnesota town, one that will grab a nature lover’s heart and never let go. The city is the nearest city to the Boundary Waters Canoe Area Wilderness, one of the most visited wildernesses, popular for canoeing, fishing, and hiking. Ely is also home to the Dorothy Molter Museum, the “Root Beer Lady” whose homemade root beer became a welcome delight to campers.

 

ACTIVITIES GALORE

 

Whether you love the outdoors or want to get your groove on at the local hotspot, living in Minnesota, you’ll quickly learn you’ll never run out of things to do. There seems to be a fair or festival of some kind for every occasion. Whether it’s a music festival, farmers market, county fair, or car show, you’ll never be at a loss for fun activities.

 

But what about the days you’re not in the mood for festivals? Not to worry, Minneapolis is second only to New York City for the number of theaters per capita. Don’t forget the many concerts and other shows at the Target Center, Target Field, or the Xcel Energy Center. Catch the latest performance of William Shakespeare’s Hamlet, or a Shawn Mendes or New Kids on the Block concert.

 

Need some new clothes for your night out on the town? Not a problem because you’ll head over to the Mall of America in Bloomington, which at one time was the largest shopping mall in the United States. You’ll have more than 520 stores to shop at, or you can hang out at Nickelodeon Universe, the largest indoor theme park in the USA.

 

SPORTS

 

Traveling the world, you’ve come to appreciate and admire the ways sports bring people together. You loved attending soccer matches during your visits to Europe. So when you need your “football” fix, you can catch a Minnesota United FC match at Allianz Field. And in the fall when you need another “football” fix, the Minnesota Vikings are there for you. Minnesota is home to the MLB’s Minnesota Twins, the NBA’s Minnesota Timberwolves, and the NHL’s Minnesota Wild. If there’s a sport you love, Minnesota has you covered.

 

THE PEOPLE

 

Affordability, sporting events, festivals, museums, shopping, big city versus small town — these are all critical details you consider when choosing a new place to call home. Anyhow, the most important consideration to a world traveler like yourself — The People. The best part about traveling the world is meeting new people and making new friends.

 

As you’ve explored Minnesota, you quickly learn Minnesotans love their state, and they love showcasing the friendly atmosphere. If you mention you’re fond of a particular type of pie, you won’t be surprised when your new neighbor brings you one. You’ll love hanging out in your new friends’ backyard, chatting away, sipping wine or chugging a beer, and eating the best home-cooked meals you’ve ever tasted. You love how people smile and wave at you as you pedal your bike down the street and along one of the many bike trails. Minnesotans take friendly to a new level, and that’s not a bad thing.

 

WHY NOT CALL MINNESOTA HOME?

 

After an adventurous exploration of Minnesota, you can’t help but ask yourself, “why not call Minnesota home?” It’s a beautiful state with lovely people, excellent quality of life, and multiple activities to enjoy.

 

The best bit - it’s has one of the top 20 airports in the United States, enabling you to continue globetrotting and living life to the fullest.

 

June 2, 2019

Condos to Castles: Minneapolis Has Home Styles for Everyone

 

Are you planning on relocating to the Minneapolis or St. Paul area? Whether you are looking for high-end condos in Minneapolis or downtown lofts to work and live in one of the many up-and-coming neighborhoods, the perfect home is waiting for you. The Twin Cities area is known for fabulous homes. From upscale condos and townhomes to lovely houses in the suburbs, there is something for everyone.

 

Families looking for their forever home or young professionals looking for a residence near their new job will easily find the perfect place to call home. Regardless of your lifestyle, occupation, family size, or interests, the Minneapolis and surrounding area is a fantastic place to put down roots.

 

The housing options are abundant, and there are many great neighborhoods in which to choose. Whether you’re looking to be in walking distance of your job and other amenities, or for a home away from downtown in a quiet neighborhood, you’re sure to locate what you need.

 

As soon as you’re ready to move into your Minneapolis dream home, the professionals at Roost are here to assist you through the process. From finding the perfect match to navigating the purchase of your new home, we are area experts and can help you decide on the ideal place to live.

 

With connections to some of the top professionals in the industry, we can make buying a home smooth and even fun. Let us help you discover your ideal home type and locate the perfect one for you here in the Twin Cities.

 

When it comes to selecting the right home in the right area, it’s essential to explore your options and familiarize yourself with the various homes available. Take a look at these fantastic selections and realize the home of your dreams.

Condos in Minneapolis

One of the premier places to call home in Minneapolis is in one of the many fabulous condos. Downtown Minneapolis is full of upscale condos. Some condos are newer construction, while many others are conversions from historical warehouses, factories, or mills. These condos have a vintage look and feel with modern amenities.

 

The exteriors of many of the condos in Minneapolis include brickwork and a historic look. Whether they’re a remodel of an original old building or brand new construction built to resemble the historic appearance, many condos boast an industrial aesthetic. The interiors frequently have upgrades like gourmet kitchens, exposed ductwork, hardwood floors, and private balconies.  

 

In addition to being stylish and high-end, condos in Minneapolis also often have the convenience of being in walking distance of restaurants, shops, and services. Often surrounded by the natural beauty of the parks and trails of downtown Minneapolis, you’ll enjoy scenic views and opportunity for enjoying your time outside.

 

Whether you’re a family that wants to be in the center of it all, or a young professional who loves the convenience of luxurious amenities, you’re sure to find the condo that’s just right for your lifestyle. Not only will you have your choice of fabulous condo buildings to reside in, but you’ll also have your choice of vibrant neighborhoods to choose from in Minneapolis.  

Downtown Lofts

Lofts are also an excellent option for Minneapolis living. Like many of the condos in the area, plenty of lofts are conversions of older historic buildings. You can enjoy the timeless feel and look of industrial meets modern in these luxurious lofts.

 

Some lofts include a studio or workspace, making working or creating from your home a possibility. Lofts range in size and amenities, but typically include details like floor to ceiling windows, open floor plans, and heated parking garages. The possibilities are almost endless when it comes to finding a loft that suits your needs. Take your pick from any of the exciting and flourishing downtown neighborhoods and choose the loft that fits your lifestyle.

Classic Homes With a Traditional Look

Do you love homes that are reminiscent of the traditional styles of the past? The Twin Cities area is full of older homes, as well as newer ones that replicate the historic look that many residents love.

Victorian

Victorian style homes typically are very elaborate and fancy. From decorative trim to the distinctive front porches, Victorian homes are plentiful in the St. Paul area. Built between 1840 and 1900, these homes stand-out as beautiful and ornate specimens of the era.  

Colonial

Another traditional style of home is the colonial style. Easy to find in the historic areas of the Twin Cities, colonial style homes boast lots of windows and a front door that serves as a focal point to the house. You’ll love the traditional and homey feel of these fabulous homes.

The Perfect Fit

Whether you’re looking for a traditional looking home, or a luxurious condo or loft, you’re sure to find the perfect fit in the Twin Cities. Whatever your lifestyle or family size, you have abundant options and locations for your dream home. From high-end to cozy, you can’t go wrong with any of these fabulous options.

 

Whether you’re looking for a home in a building that offers services and amenities, or you want a lovely yard and home in a quiet suburb, the choices are endless. You can easily discover your next home, including all of the features you’ve been looking for in the Twin Cities area.

Roost Can Help

If you’re ready to relocate in Minneapolis or St. Paul, Roost is available for all of your real estate needs. We will help you find the ideal home in the Twin Cities area, and make sure you meet all of your criteria. From the neighborhood you desire to the amenities you have wanted, our professionals are ready to locate your dream home for you.

 

Contact us today and let us help you get into the perfect condo, loft, or house. We can help you determine the perfect area in the Twin Cities to call home, as well as the ideal home to reside. We look forward to meeting with you and making your home buying dreams a reality.

 

 

May 31, 2019

Finding Jobs in Minneapolis, MN is No Problem

Finding a Job in Minneapolis is No Problem

 

Most people spend a large portion of their day at their job. Working at a career that’s meaningful, challenging, and fulfilling is essential to keeping a work-life balance and enjoying the time you spend on the job. Whether you’re already a resident of Minneapolis or St. Paul, MN, or are getting ready to move to the area, finding jobs in Minneapolis, MN is no problem. Regardless of your chosen profession, you will find what you’re looking for in the Twin Cities.

 

Careers abound in the Twin Cities area, making it a fantastic location to call home. So many job opportunities are available, along with fabulous housing options in all of the up-and-coming neighborhoods Whether you’re looking for somewhere in downtown Minneapolis that boasts walking distance to your workplace, or a quiet outlying suburb close to public transportation access, you’re sure to find the perfect place to live along with the ideal career.

 

If you’re relocating to the Twin Cities area for a job, let Roost help you find the perfect home to match your ideal new career. We are area experts when it comes to educating our clients about the various neighborhoods in Minneapolis, including amenities, schools, and community offerings. We will help to streamline your buying process and make it easy and even fun. Finding your dream home in Minneapolis is possible with help from Roost.

 

Landing a fantastic job in the Twin Cities is easy with so many excellent large and small companies available right here in the surrounding areas. You are sure to find a career that meets your criteria and offers everything you are looking for in a job. The perfect job is out there waiting for you in the Twin Cities.

Big Name Businesses Right Here in Minneapolis

The Twin Cities is home to many big-name businesses that are fantastic places to work. These successful businesses are also some of the top employers in the city. Target is one of the largest workforces in Minneapolis, employing around 8,300 people. The retail giant has been one of the top employers in Minneapolis for a few years.

 

In addition to Target, Hennepin Healthcare and Wells Fargo make up the top three employers in Minneapolis. These three prominent businesses employ over 7,000 people each and continue to grow.

 

The top fifteen employers include U.S. Bank, Xcel Energy, Strategic Education, and Ameriprise. These businesses help keep the downtown area of Minneapolis growing and thriving. New housing options are available more frequently as the population grows, and people look for work as well as living options downtown.

 

The convenience of living and working downtown provides for walking or biking to work, access to shopping and essential services within walking distance, as well as a happening and lively nightlife all right out of your front door.

Government Jobs

Working in the public sector is also an excellent option for Twin Cities residents. Both Hennepin County and the City of Minneapolis are in the top fifteen employers. These employers offer numerous different positions for all types of skill sets and experience levels. From business analysts to investigators, there are plenty of possibilities for careers within the county or city.

 

These jobs also offer fantastic benefit packages that make positions more appealing and help with achieving a work-home balance. Whether you’re looking for an entry-level position to get your career moving in the right direction, or you have years of experience, opportunities are everywhere.

Small Businesses, Big Impact

If you are searching for work with a smaller company in the Minneapolis area, there are plenty of smaller businesses that are fantastic employers.

 

While working for big companies like Target and U.S. Bank, or the local government may have its perks, there is something to be said for being part of a small or local business in the heart of the Twin Cities.

 

Some of the top small businesses to work for include Syand Corporation, an information technology company, AIM Consulting, a consulting company, and Aimclear, a marketing agency. There are numerous small businesses in the Minneapolis area that include incredible employers.

 

The amount of business growth within the Twin Cities allows for many options for careers in all kinds of businesses. From restaurants like the Bachelor Farmer to technology companies like The Nerdery, there is no shortage of opportunity in this vibrant, urban area.

The Possibilities Are Endless

The fantastic thing about finding jobs in Minneapolis, MN, is that the possibilities are endless. Opportunity is everywhere in the Twin Cities, no matter what type of work you are looking for.

 

If you love the arts, you can find a job in the heart of the Northeast district. If you are a sports fan, consider looking for employment at U.S. Bank Stadium. If you are a teacher, there are plenty of excellent schools in the Twin Cities area.

 

Whether you have a specialized degree, went to trade school, or have years of experience in your field, you are sure to find the career that’s right for you in Minneapolis or St. Paul. Regardless of your career choice, there’s an opportunity waiting for you in the Twin Cities.

Let Roost Help You Call Minneapolis Home

If you are ready to relocate to Minneapolis for that new and promising job, let Roost help you find the perfect home to go with your new career. We will help find a home that meets your criteria and makes you feel at home in the Minneapolis area. Whether you’re looking for a luxury loft or townhouse, or a home in a quiet suburb, we can help you find your dream home.

 

Let us take the stress out of buying your home and contact us today. We can help you find a home in the neighborhood that best suits you, close to your new job, and near the amenities you desire. Rely on us to provide you with the information you need as well as the high-quality properties to make your home buying dreams a reality.

 

We look forward to meeting you and helping you make Minneapolis your new home.

May 26, 2019

Navigating Home-buying with Student Loans, for First time Buyers and Millennials

Student Loans didn't stop this First time home buyer

 

 

Buying a home is always a stressful and somewhat scary process; even more so when you are young with student loans or buying your first home. You might wish there was a free, first time home buyers class to give you all the hints and advice you need when navigating this process.

 

Minneapolis real estate is an exciting field. There are charming and affordable homes throughout the city and surrounding areas. When you are looking to buy a home, whether it is your first or tenth, you want a team you can trust that has experience.

 

Roost wants to be your partner if finding your roost in Minneapolis. Let us walk with you as you search for a home, whether it’s your first, forever, or something in between.

Home Buying 101

Before you even start looking for a house, there are many things you need to consider. Taking appropriate steps beforehand will allow the homebuying process to go smoothly.

Monitor Your Credit Score

You are most likely aware that your credit score plays a significant role in your ability to buy a house. If you don’t regularly check your score to know where you stand, your house-buying journey will be dead-on-arrival.

 

There are several free credit monitoring options out there, including Credit Karma and Credit Sesame. Taking steps now to ensure you have good credit will pay off drastically in the long run.

 

Part of monitoring your credit is taking steps to raise it, or keep it high. Opening unnecessary accounts, like a new credit card, can impact your credit score. If you are looking to buy a home, refrain from anything that will run a credit score.

Get Pre-Approved

Before you go to your first open house, get pre-approval from a reputable lender. To obtain pre-approval, a loan officer will check your credit score and verify your financial situation to ensure you can afford a monthly mortgage payment. This loan officer will give you a pre-approval letter that informs you and sellers what loan amount in which you qualify.

 

To get pre-approved, you will need two years of tax returns as well as W2s from employers and bank statements.

Do Your Research

Before committing to anything, do some digging, so you know what you are entitled to as well as what the loan requires of you. You don’t have to have 20% to put down. Various loans require little to no money down.

 

Also, compare rates with different lenders. Closing costs, the fee charged by a lender for the loan, is between two and five percent and will differ depending on the lender. Check around to make sure you are getting the best rate and lowest fees you are eligible for.

Find a Good Real Estate Agent

Buying a home is no small task. A knowledgeable and friendly real estate agent you can trust will make all the difference in your home buying experience. The seller will pay any fees for a real estate professional and included in the asking price already. Save yourself some time and a significant headache and find a real estate professional you can trust.

Why Buy Young?

While it may seem risky initially to buy a house when you are young, studies show that buying at a young age is hugely beneficial. One study found that buying your first home by the time you were 25 meant you only had $10,000 left to pay off your mortgage when you reached 60. On the other hand, buying a home later in life left an average of $50,000 to pay off.

 

If you’re thinking about buying young, consider a few things:

 

All the costs. While there are more costs to buying a home than renting, you are probably ultimately saving money. Houses appreciate generally, and you are building your wealth rather than only paying rent.

 

Find a reputable lender and realtor. You don’t know everything about buying a home, so enlist the help of experts. They can guide you to what you can afford in an area you want to be.

 

Know what you want. Do your research ahead of time. Be discriminating in what you want and what you can afford. Also, understand why you are buying a home.

 

Check your finances. The process to get pre-qualified is relatively easy and essential to buying a home, and will help you in your home search and keep you within budget.

Buying With Debt

If you do have debt and want to buy a house, you are not alone. There are things you can do to increase your chances of finding a home. Ultimately, only you can decide if buying a house is the right option for you.

 

Increase your credit score. Take steps to raise your credit score by paying your bills on time and in full, use as little of your available credit as possible, keep old accounts open, and use more lines of credit.

 

Lower your debt-to-income ratio. A lender will look at the amount of debt you have compared to what your income is. Most lenders want a 28/36 ratio, meaning you shouldn’t spend more than 28% of your income on housing and not more than 36% on your overall debt.

 

Apply for loan pre-approval. This approval will allow you to see what you qualify for, as well as the costs and down payment will be.

 

Look for programs to help with down payments. Thankfully, many programs offer help with a down payment. The right lender will help you navigate these options.

Call Roost Today

If you have been putting off buying a home because you are young and have student loans or other debt, think again. You might be missing out on the perfect time to buy a home. There are people and programs out there to help you on your journey.


Roost has years of experience dealing with Minneapolis real estate. Let us be your partner in your quest to buy a home, even if you have debt. Call Roost today.