Buying vs. Renting in Boston, MA

Are you currently renting and wondering if now is a good time to buy in Boston, MA? Rents have been on the rise across the country and Boston was not spared from these increases. With the steady monthly payment of a mortgage you will find that purchasing your own home in Boston will really pay off and will keep you from the constant worry of potential rent increases. But, not everyone is ready to jump into the full homeowner experience of a single family home to take care of. Also, when considering the Boston, MA neighborhoods of South End, Fenway, and Beacon Hill, your single family residences are limited.

Affordability. Condominiums are often priced lower than single family homes. If you want to dive into home ownership, a condo can be a great first step. 
 
Security. Many condos offer gated or locked entries, doormen, or even security professionals for residents. If you live alone, or security is a concern for you, this can be a major perk. In addition, you’re living in close proximity with many other people; in an emergency, you’ll have plenty of people to turn to for help. 
 
Maintenance. One of the biggest benefits to living in a condo is that other people do the maintenance for you. They cut the grass and plant the flowers, they fix the roof, and whatever other maintenance the building needs. If you are a first time homeowner, in poor health, busy with work, like to travel, or you just don’t want to deal with all that work, this is a major benefit to living in a condo. 
 

It's not just about not needing to keep up with lawn work or roof repairs, owning a condo has many lifestyle benefits. While apartment complexes have transient residents frequently moving in and out, condo owners are more likely to invest in building a community. Apartments are managed by corporate entities or a landlord, while condo buildings are managed by the homeowners association.

When you are ready to purchase your Boston home, look to an experienced Boston real estate agent. I'm committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. I am always here should you have a question on any Boston, MA neighborhood. I thoroughly enjoy getting prospective residents familiar with new neighborhoods and exposing them to the best of everything Boston has to offer. I hope to speak with you soon!

Lucas Garofalo

Keller Williams Realty

(617) 861-3631

Lucas@LucasBostonHomes.com

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