Byline – John Ford Boston Beacon Hill Condo Broker 137 Charles St. Boston, MA 02114
One bedroom Beacon Hill condos $400,000
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Yes, a two-bedroom Boston Beacon Hill condo for sale is always preferable to a one bedroom. But what happens when you’re preapproved for a loan that puts you only in a Boston Beacon Hill one-bedroom condo territory?
Rather than continue renting a Boston Beacon Hill apartment or buying nothing, I highly recommend considering a one-bedroom Boston Beacon Hill condo purchase. You’ll begin building equity and working your way up the homeownership ladder.
Here are some pros, cons and tips that I communicate to prospective Boston condo for sale buyers when it comes to helping them make the decision whether to purchase a one-bedroom condo:
The lack of space for guests, an office or a nursery is clearly lacking. That’s why there’s a narrower buyer pool for one-bedroom Boston Beacon Hill condo buyers. From a personal standpoint, you have to come to terms with this limitation. But if you can get past that, you may be able to enjoy other amenities such as a washer/dryer or parking that you otherwise would not be able to afford in a two bedroom.
You can alleviate some of the space limitations of a one bedroom when you purchase a unit that has an area for a desk, or even a pull-out couch. I’ve seen many one-bedroom Boston Beacon Hill condos with unenclosed spaces that can be used for guests. These units will typically fare better in a resale situation, as well as provide more functionality.
There’s usually a solid market for one bedrooms in downtown Boston.
Our city attracts many young professionals, empty nesters and international Boston condo for sale buyers seeking pied-a-terres. That means there are plenty of people around who could be happy with the space provided. Similarly, one bedroom Boston Beacon Hill condos tend to change hands more often, as owners stay an average of three- to five years and then move on to a larger home. These factors almost guarantee there will be buyers for your unit when you’re ready to sell.
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Updated: Boston Real Estate Blog 2022