In the world of Boston real estate, construction, and finance, properties are generally classified as commercial or residential. Within the latter category, properties are often called dwellings, and they can be described according to building structures. Single-family residences are detached dwellings built on single lots, which means they don’t share walls with other structures. Attached dwellings include townhouses, condominiums, lofts, co-ops, and multifamily structures. In modern urban housing markets such as downtown Boston, attached dwellings are common. The reason for this prevalence has to do with zoning regulations, land use, population density, and the lifestyle sought by residents.
Boston condominiums are private residential buildings that can be owned by a single entity or multiple individuals. In the latter situation, they’re segmented into dwelling units commonly referred to as “condos. When condominiums are owned, controlled, and managed by business entities acting as landlords, they’re often called apartment buildings.
By virtue of being attached dwellings, all Boston condominiums feature shared and common areas. At the very minimum, these buildings have shared lobbies and corridors, and many offer extra amenities that make them more attractive to residents and their guests. Modern condos in the Seaport District, Midtown and downtown high rises feature upscale amenities such as rooftop deck, fitness centers, clubhouses, lounges, conference rooms, underground parking garages. Unit owners and tenants have equal access to shared amenities, and their guests can enjoy these amenities in accordance with specific homeowners association bylaws or rental agreements.
Condominium rules are typically administered by the condo association organized for the purpose of making decisions related to upkeep and maintenance. An condo associations is governed by an elected board of Boston condo owners, but the actual management can be contracted to a third party. It should be noted that condo association can also apply to lofts. The condo association is funded by fees collected from unit owners.
Boston condos provide a maintenance-free lifestyle that’s very attractive to both busy professionals and older residents, but when it comes to condos in markets such as downtown Boston, the bottom line is that they make financial sense. Residents get the benefits of enjoying luxury amenities and living in vibrant neighborhoods such as Back Bay and Beacon Hill. In addition, some modern condominiums feature ground floors zoned for commercial use, which means residents have easy access to shops, restaurants, and cafés.
Boston condos for sale can be the perfect choice for a variety of people, from young professionals to retirees. If you’re in the market to purchase Boston real estate, such as a condo or any other type of Boston real estate, downtown might be just the right place for you. You can make your search a lot easier by working with experienced Boston real estate agents who have in-depth knowledge about the intricacies of buying and selling downtown Boston properties. Call the friendly team from Ford Realty Inc., today at 617-595-3712.
Boston Real Estate for Sale and Apartments for Rent
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