Whether you’re looking at new penthouses or loft condos in Beacon Hill, you need to be vigilant about securing the property you want and staying away from problems that could lead to buyer’s regret. Avoid the following potential home buying horror stories and save yourself some headaches.
1. Horrible Neighbors
When you purchase a condo, loft, or penthouse, having a good idea about neighbors in the building can help you prevent many potential problems. This is because you may find yourself right down the hall from an annoying neighbor rather than one who lives down the street.
2. Useless Board or HOA
Make sure the board or condo association is a good fit for you and your ideals. Ask current tenants if they feel the board is fair and does its job well. You don’t want to end up with a neglectful or arbitrary condo association.
3. Sudden Special Assessment Fees
Daunting though it may be, you’ll want to review over all the papers you’re given in escrow. It’s not uncommon to be slapped with an unexpected fee mere days or weeks after your purchase. Oftentimes the minutes for HOAs or boards are given in the documentation you receive, and reading them over allows you to better prepare for otherwise unexpected fees.
4. No Designated Parking Spot
Though usually not a problem, you should make sure you not only have a designated parking spot, but that there are no restrictions on said spot. Some Beacon Hill buildings require you only have a compact car, which is something you should be aware of before you buy.
5. Failed Closing
An unbelievable amount of deals don’t go as planned due to mortgage companies. Whether they delay closing by days or weeks or they get the wrong paperwork and deals fall through, they’re to blame for too many botched closings. Choose a mortgage company with a good reputation, and ask your realtor if there are any companies he or she prefers working with.
Boston condos for sale near Beacon Hill
Back Bay Boston condos
Beacon Hill Boston condos
Charlestown Boston condos
Navy Yard Charlestown Boston condos
Dorchester Boston condos
Fenway Boston condos
Jamaica Plain Boston condos
Leather District Boston condos
Midtown Boston condos
Seaport District Boston condos
South Boston new condos
South End new condos
Waterfront new condos
North End new condos
West End new condos
East Boston condos
Condos around the Beacon Hill area to rent:
Back Bay area condos for rent
Beacon Hill area condos for rent
Charlestown area condos for rent
Navy Yard Charlestown area condos for rent
Dorchester area condos for rent
Fenway area condos for rent
Jamaica Plain area condos for rent
Leather District area condos for rent
Midtown area condos for rent
Seaport District area condos for rent
South Boston area condos for rent
South End area condos for rent
Waterfront area condos for rent
North End area condos for rent
West End area condos for rent
East Boston area condos for rent
