Is Boston Downtown Real Estate a Good Investment?

Many people buy a Boston downtown real estate thinking that ownership, rather than rental, is a good investment. They can sell their Boston Midtown condo for a higher price in the future or even rent out their condominium while they purchase a second home. When Boston downtown real estate is approached as an investment in the proper manner, it can be beneficial. However, home ownership in itself is not always a solid investment.

Potential Problems with Boston Downtown Real Estate

Boston Beacon Hill homes need repairs, sometimes as soon as they are bought. If you are buying a Beacon Hill home, you need to have some money set aside for emergency repairOne of the main differences between home ownership and renting is that if the toilet clogs up, homeowners may have to replace the toilet, if it can’t be fixed at their own expense, whereas a landlord rather than a renter would pay to have it fixed in a rental home.

Even new Boston condos for sale will eventually depreciate in value. It takes upkeep and sometimes even major renovations to ensure that a home becomes a good investment. Even if a home is kept in top shape, there is no guarantee of a profit when the owner decides to sell it. Depending on the Boston downtown real estate market, a homeowner could end up settling at a bargain price or barely breaking even.

Conclusion

Buying Boston condos for sale is a serious decision. Make sure that you are truly ready before moving forward.

If you or a loved one is looking to purchase/sell Boston condos or have downtown Boston real estate question,  please contact my team at 617-595-3712.

Boston Beacon Hill Condos for Sale


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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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