When you’re ready to buy your first home, it can be easy to get carried away by the excitement and forget about not only your budget but also your short-term and long-term needs. As you make the transition from Beacon Hill apartment rental

r to Boston real estate owner, a condo can be a perfect way to own your own piece of Boston real estate and still have most of the upkeep and maintenance handled for you. Here’s why a condominium works so well for many first-time buyers.

Condos Are Low-Maintenance

When you’ve never owned your own home, it can be difficult to anticipate just how much upkeep goes into owning a house. With a single-family home, you’re responsible for not only everything that breaks down and needs to be repaired—from the siding and roof to the plumbing, air conditioning, and flooring—but also the landscaping. This level of maintenance can eat up your weekends and your budget. With a Beacon Hill condo, you can rest easy knowing the landscaping and exterior maintenance are all handled for you.

Condos Offer Affordable Living

It’s true that Back Bay condo buildings come with fees, but these fees cover a wide range of services, including building maintenance, landscaping, and amenities you can appreciate. As a first-time buyer, you can benefit from a lower asking price and reduced mortgage expenses (including a lower down payment and closing costs). With less space, you can expect lower utility bills that are probably more in line with what you pay now for apartment rent as well as lower costs to furnish and decorate your new home.

Condos Include Unique Amenities

If you’re ready for a change in lifestyle, a Midtown condo building can deliver it without the work that goes into maintaining a home. Your condo fees don’t just cover maintenance, either. They also cover the cost of shared amenities, which may include a fitness center, swimming pool and more. You may also rest easier at night with controlled access to the building for better security. If you like all of these extras but can’t afford them if you buy a house, a downtown Boston condominium may be exactly what you’re looking for.

Condo Buildings Offer a Sense of Community

Maybe you’re moving out of your parents’ house or buying your first home after living with roommates. Moving into a single-family home can be a big change if you’re used to living near or with other people. North End condo buildings have a built-in sense of community that can be hard to achieve with a house, even if you’re the outgoing type. Condo buildings tend to have active social environments, as you’ll meet your neighbors while hitting the nearby bars and restaurants. If you love high-energy city life and you’re looking for Boston real estate, downtown offers convenient urban living close to all the hot spots.

A Condo Can Be a Smart Investment

As a general rule, condos don’t appreciate in value quite like single-family homes, but this isn’t always true. According to Trulia, the median condo value climbed more than 38 percent between 2012 and 2017, compared to just under 28 percent for single-family homes during the same time. Even when houses appreciate faster than condos, you can still enjoy a good return on your home when it’s time to eventually sell or move up to a larger home.

If you’re a first-time homebuyer looking for Boston real estate, downtown offers a huge variety of choices, including condos of every size and type. The experienced agents from Ford Realty Inc., can help you find the condo that fits your budget and lifestyle perfectly. To get started on the search for your new dream home, give us a call today at 617-595-3712.

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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