Boston Beacon Hill condos
How long is long enough to live in your Boston Beacon Hill home?
Last year, the National Association of Realtors released a report finding that, for the second year in a row, the average number of years that homeowners hung onto a home was at 10 years. Ten years is a long time to spend in a home, and it’s unprecedented for this country. From the 1980s until about 2008 the average was at 6, maybe 7 years. What happened?
Analysts say that the Great Recession that started in 2008 had a lot to do with the average length of homeownership going up — when home values derailed, people hung onto their homes instead of selling.
As a Beacon Hill real estate agent, these numbers are telling me that there are a lot of homeowners in Boston Beacon Hill that are hanging on to their homes unnecessarily. Beacon Hill values are at a record high in 2018, and mortgage rates are still below 5%. More important, your Boston real estate needs have probably changed over the past decade. Here are five signs that it’s time to put your home on the Portland market.
5 signs you need to sell your home:
- Boston ranks second highest in the nation for home maintenance costs. Thankfully, getting out of city limits can help immensely (newer homes). Haven’t you been craving a slower pace of life? Contact your Boston real estate agent team to learn about satellite communities that hit the sweet spot between urban accessibility and affordable lifestyles.
- You open the closet door in your Beacon Hill condo and things fall on your head. Let’s face it: Some of Beacon Hill older homes weren’t built with a lot of storage. If you have more than one child, or more than one hobby, you may find yourself wondering where to put all of that… stuff. Why sacrifice? Move up to a home that fits your needs. Our Boston condos real estate agent team is here to help you get your Beacon Hill condo sold and find the perfect match for you — for your safety!
- There’s a Mt. Everest in your Beacon Hill penthouse condo. Those stairs used to be a snap — but lately you’d rather ask your grandkids to fetch items from the second (or third) story. Or maybe it’s your bathroom that feels like an unfairly cumbersome place to take care of daily tasks. There are plenty of newer Boston luxury homes and condos that are ADA-compliant and accessible for people of all abilities. You’ll be amazed at how much easier life can be in a home that lacks obstacle courses and mountains!