Pros & Cons on buying a Boston Condo Loft

When looking for the right Boston condo for sale to call home, why limit yourself to townhouses and high rise Boston condos? For the city-savvy home buyer, Boston lofts for sale are an aesthetically pleasing alternative that stand out from the crowd.

What Makes A Loft?

In the heart of major urban cities, you will often find older industrial warehouse buildings—called lofts—that have been repurposed into living spaces for city-dwellers on the go. Lofts are typically characterized by their high ceilings, open floor-plans due to a lack of interior walls, exposed ductwork, and large windows facing major urban sprawls, making them a highly-customizable, chic space to live for artists, empty nesters, and those tied to the heart of the city.

But before you put a bid out on a loft, consider the options to determine if it is right for you.

Here’s what you should know when buying a Boston condo loft perhaps in the Downtown Boston or the Boston Seaport District

Pros:

Minimal Maintenance

Since lofts face the city streets, you’ll almost never have to maintain the outside. The city will take care of walkways, gardening care (where available), and pressure washing the building exterior.

Location, Location, Location

Just step outside for community and convenience. Right in the middle of the city or the Seaport is the place to be if you’re a sociable person. You’ll be within walking distance to restaurants, bars, nightlife, cinemas, parks, or nearly anywhere you want to be.

The Finer Things

Depending on the condo association, many lofts have a plethora of  services such as valet and concierge services. Lofts tend to be a safe living situation, too, where security is a high priority for occupants.

Cons:

Lofts Can Be Loud

If your loft’s windows haven’t been converted to accommodate for residency, then all the hustle and bustle of downtown Boston could keep you up late at night. The same goes for the inside, where concrete floors and high ceilings carry even the smallest of sounds to new heights. Easy fix: When you inspect the property, make sure the loft is insulated and the windows have been noise-proofed.

A Room With A View

Check the city planning website to see if any new construction projects are going to happen near your new Boston condo loft. Lofts can typically be found in developing urban areas, so there could be the potential for multiple projects going on outside your windows. Also, consider purchasing automated blinds or curtains to fit your needs if you’re more on the private side.

Know Your Condo Association

Lofts are mostly governed by an condo association. Give them a call to see what you can and can’t do once you move in. If you plan on owning pets, you’ll have to get approval. condo fees can often be costly, too, so make sure you read the fine print to avoid pitfalls. It’s also a good idea to consider buying a separate homeowner’s insurance policy to insure your possessions.

Questions to ask your agent:

What Is The Building’s History & How Many Occupants Have Lived There Before?

Also keep in mind that the value of a loft may increase or decrease depending on how many rent-to-own lofts surround the space you’re looking at.

Who Are Your Neighbors?

If you haven’t already, get a feel for the area. Are your neighbors nosey, noisy or new friends in the making? Speak with them about their experiences with the HOA.

What Is The Application Process?

If it’s too good to be true, it might just be. Make sure you can afford to live in the loft comfortably and that the occupancy rate has been consistently low.

Boston Condo Lofts 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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