4 reasons to dive into the Boston Seaport condo market

Customize Your Boston Seaport Condo

One of the biggest benefits to owning your own Boston Seaport condo is being free to do whatever you like with it. If you want to knock down a wall to expand your master bedroom, go for it.

When you own a Boston Seaport condo, you have complete control over all the decisions. You can add your own personal touches to make your condo feel like a home, without the fear of eviction. While renting a downtown condo or apartment, some of the simplest things like mounting a TV, installing shelves, or hanging pictures may not be allowed causing you to lose your security deposit.

Tax Benefits Owning a Boston Seaport condo

Another thing to love about owning your own Boston Seaport condo is the tax benefits that come along with it. Although you may have a few more forms to fill out come tax season, this bit of extra effort will certainly pay off. The chief tax benefits are the ability to write off your homeowner’s insurance, mortgage, and property taxes that you make payments on all year. As a homeowner, you can also deduct eligible expenses, like some energy-efficient home improvements.

Investment & Savings

There is no doubt about it, owning a Boston condo is one of the best ways to increase your personal wealth. Little by little, as you pay off the principal on your loan you will begin to build equity. Equity is the difference between the market value of your home and what value your house builds over time. As a renter, all those monthly payments are essentially going out the window, you will never see that money again. Purchasing a home is not only an investment in yourself, it’s also an investment in your future.

When comparing the cost of a mortgage versus the cost of paying rent, you can see that over time a mortgage is more cost efficient, especially if you opted for a fixed mortgage. Whereas over time, rent will go up with the cost of living. Even when you account for the cost of the loan, insurance, taxes, and regular maintenance, you’ll find that you will be better off with a mortgage as long as you plan on living in that house for a few years. And if you ever choose to sell your home, you will have the potential to make a profit off of it.

Stability

Owning a Boston Seaport condo will provide you with a sense of stability in quite a few different ways. One of the most important ways home-ownership provides stability is through fixed costs. If you opted for a fixed mortgage, you don’t need to worry about being hit with payment increases. Even when the cost of living, gas prices, and food are on the rise, you won’t have to worry about your mortgage rates.

Buying a home can also help you establish roots and a sense of belonging within a community. You can start getting to know your neighbors, join community activities, and might build long term friendships doing so! Unlike home-ownership, renting comes with a factor of uncertainty. Is my landlord going to allow me to renew my lease or will he rent it to someone else? If I do renew my lease, will the rent increase?

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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