The latest from Lili about Boston Real Estate.

Boston Offers Historic Homes and New Condos

July 27, 2013 |

It's no secret that buying an older Boston home is always a good investment, since you can add value to the property for resale. Although some buyers prefer newer construction, because these Boston condos are turn key  and hassle / headache free.

Some Buyers Prefer Boston Condos Instead of Renovation Projects
Not all Boston home buyers are construction savvy,  nor have the time and patience to deal with any aspect of renovation. That’s why they opt to buy homes that are new construction or have been recently renovated.

Fortunately, there are those buyers who only want Boston homes that need work. They don’t want to pay for someone else’s taste and finishes. They want to create their own space and layout, using the material of their choice. Most renovations increase property value and create a considerable return on invest at resale.

There are several advantages to renovations and customizing your home to your needs, but you have to be very careful when you’re buying an older house. Have it fully inspected to make sure that it’s structurally sound. Do your homework thoroughly before making the offer. Do a cost analysis to ensure every penny going towards infrastructure refurbishing and finishes has been considered and calculated. You don’t want any big surprises!

If you don't have renovation experience and you prefer to buy an older home, make sure that you have a good construction team, including contractor/designer/architect. Your Boston real estate agent should be able to put you in touch with the right people and make sure that you’re well protected and pleased with the final project.


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