Before purchasing downtown Boston real estate as a financial tool to bring in revenue for your family. View these major factors:

Market Conditions

In  2018, Forbes listed Boston as one of the most efficient rental market in the United States, thanks to an annual increase greater than 5 percent. The tenant segment that has grown the most is composed of both young professional and senor citizens who are attracted to the many conveniences of living in downtown Boston real estate, but the real money can be found in the new condominium towers, particularly those that offer boutique amenities, which is what more affluent renters are willing to pay for.

Maintenance

Maintenance is a factor that will always present an investment advantage when compared to single-family homes. The Boston condo fees you must pay to the association take care of maintaining common areas, grounds and amenities, which is a great relief not only for you as a landlord but also for your tenants, and these fees are often considerably lower than those at gated communities.

Property Value Appreciation

If you’ve heard about single-family residences appreciating at a faster rate than condos, you haven’t been misguided. However, this assertion is mostly based on national and regional assumptions. Once you get into micro market conditions, downtown Boston real estate is a more enticing proposition because quality of life is higher. Nonetheless, one thing to keep in mind is that condo markets tend to be more sensitive to severe real estate downturns.

Rental Restrictions

This is when you and your real estate agent must sit down and carefully evaluate the potential of a condo unit as a rental property. The condo association bylaws will tell you everything you need to know about rental restrictions, and you need to think about everything. For example, if condo rules don’t allow pets, this could narrow your pool of prospective tenants.

If you’re searching for real estate in downtown Boston you’d like to turn into a rental property, enlist the help of a local agent who knows the downtown Boston real estate market and we can help you find the perfect property to buy. Contact us at 617-595-3712 to find out about the latest listings.

Boston downtown real estate for sale under $2M


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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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