If you’re currently renting a Beacon Hill apartment and have dreams of buying a Boston Beacon Hill condo for sale, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, home ownership may be closer than you realize.

The Cost of Renting an Apartment

According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying within the next 5 years, and 38% are planning to buy within the next 2 years.

Rising Apartment Rents

When those same renters were asked why they disliked renting, 52% said rising rental costs were their top reason, and 42% of renters believe their rent will rise every year. The full results of the survey can be seen below:It’s no wonder rising rental costs came in as the top answer. The median asking rent price has risen steadily over the last 30 years, as you can see below.There is a long-standing rule that a household should not spend more than 28% of its income on housing expenses. With nearly half of renters (48%) surveyed already spending more than that, and with their rents likely to rise again, it’s never a bad idea to reconsider your family’s plan and ask yourself if renting is your best angle going forward. When asked why they haven’t purchased a home yet, not having enough saved for a down payment (44%) came in as the top response. The report went on to reveal that nearly half of all respondents believe that “a 20% down payment is required to buy a home.”

The reality is, the need to produce a 20% down payment is one of the biggest misconceptions of buying a Beacon Hill condo for sale, especially for first-time buyers. That means a large number of renters may be able to buy now, and they don’t even know it.

Bottom Line

If you’re one of the many Beacon Hill apartment renters who are tired of rising rents but may be confused about what is required to buy in today’s market, let’s get together to determine your path to buying a Boston Beacon Hill condo for sale

Boston Beacon Hill Condos for Sale


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Beacon Hill apartments for rent: Starting dates Now thru September

Studios and 1 bedrooms 

LocationPriceDescription
Beacon Hill - West Cedar Street Penthouse$2,195Hardwood fls, good sunlight. laundry in the building.
Beacon Hill - Myrtle Street$2,195First floor, hardwood fls, renovated studio
Beacon Hill - Revere Street$2,495Large 1 bedroom, renovated good sunlight
Back Bay - Clarendon St$2,250Renovated large studio
Beacon Hill - Phillips St$2,150Renovated garden level unit
Back Bay - Marlborough Street$2,395Huge renovated studio
Beacon Hill - West Cedar$2.095Cute renovated garden level unit
Beacon Hill - Phillips Street$2,495Renovated 1 bedroom Avail July not Sept
Beacon Hill - Several 1 beds that can be used as 2 beds$2,395Ideal for college students
Ask about our flat fee offer
All units $1,000 broker fee regardless of rent price
John Ford - 617-595-3712email: realtyford@yahoo.com


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Beacon Hill Apartments 2 bedrooms September 2019

Location/datePriceDescription
Beacon Hill - Phillip St
Avail - 7/16/19
$3,195Sunny renovated 2 equal size bedrooms
Beacon Hill - South Russell St. Avail 9/1/19$2,950Renovated 2 equal size bedrooms
Beacon Hill - South Russell St avail 9/1/19$2,9503rd fl 2 EQ bedrms
Beacon Hill - Myrtle St. 9/1/19$2,880Penthouse eat in kitchen
Beacon Hill - Anderson St /9/1/19$3,195Garden level small courtyard
Beacon Hill - So Russell St - 9/1/10$2,900Renovate floor through
Beacon Hill - So Russell - 9/1/19$2,900Renovated 2 dr refrig
Beacon Hill - So Russell - 9/1/19$2,9004th floor good sunlight
Beacon Hill - Grove St$3,1501st floor
Beacon Hill Myrtle 9/1/19$2,800laundry in bld
All units flatt fee $1,500 regardless of monthly rentJohn Ford 617-595-3712realtyford@yahoo.com

View Boston Beacon Hill apartments for rent. Are units are available with start dates from Now through September. Our listings are updated in real time.

If you’d like to schedule an appointment, I’m available to assist you 24/7. The best way to reach me me is via email or cell/text at 617-595-3712.


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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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