5 reasons why you should buy a Boston condo

Buying a home–it’s the American dream. But recent events have caused financial experts to push the advantages of renting over buying that home! Arguments include flexibility on leasing contracts, lower insurance rates, no property taxes, and elimination of maintenance and repairs. Of course, there are pros and cons for either side but here are 5 reasons for the purchase of your dreams.

Roots 

How long do you plan on being in the location? Is this where you plan to be in a few months or a few years? For short term living, renting is obviously the way to go but if you plan to stay put, a home will entrench you in the community. There’s nothing like settling down and stability. Long term residency will also convert that throwaway rent money into a mortgage that’s almost like a savings account. You’ll increase your equity over time and that’s money in the bank!

Rents are increasing every year

Renting in Boston is slowly increasing making buying a Boston condo for sale more attractive with its many tax savings. Rent prices have increased every year in Boston. This year, according to Zillow, rentals may rise to 3.5% 

Fixed mortgage

With a fixed mortgage, you won’t have to worry about rent increases. If you’re on a budget, buying a Boston condo will stabilize your payments. At some point, you’ll pay off your mortgage and you won’t have another payment.

You don’t have to follow the rules

With your own Boston Seaport condo, you won’t need consent from a landlord to make changes. You can make the improvements you want or not. You don’t have to depend on your landlord’s quality of care because your living situation is your own.

Owning a Boston downtown condo

it’s all yours, to do with what you want. Do you want to sell? If you’re there long enough, you’ll make a profit. Do you want to retire there? The possibilities are endless.

Take advantage of the low interest rates today. Many lenders will be able to work with you in getting the loan that you need for the home of your dreams.

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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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