The latest from Lili about Boston Real Estate.

Find Fabulous Boston Luxury Real Estate Deals With Investment Potential

February 1, 2014 |

When searching for Boston luxury homes, it’s best to invest your money wisely. Granted buyers tend to spend a lot of money to get your dream home. Many people, given their busy life style, tend to pay more for a unit that is already renovated and looks spectacular. However, there are a few in the marketplace who don’t mind doing moderate to complete renovation as well as adding value to the unit.

Renovations vs. Move-in Ready Boston Luxury Homes
Of course renovations take time and patience, but the end result is extremely satisfying. It goes without saying that Boston luxury homes that need additional work are generally priced accordingly.

Don’t shy away from renovating. The key is to find a property that needs work in an A+ location. A good broker may refer you to contractors who have worked in the city and have a good reputation. For example, 179 Commonwealth Ave fits into this category. It’s a truly spectacular and dramatic 3,500+ square feet space on two floors located on the sunny side of Commonwealth Mall, steps from the Public Gardens and Copley Square and numerous fashionable boutiques at Newbury St. Yet, this exquisite unit with its original bridal staircase and extra wide floor plan needs some cosmetic updates.

This Boston luxury real estate property is a great opportunity for buyers who DO NOT want to do a gut renovation, but can focus on updating baths and kitchen, ending up with one of the most spectacular and one-of-a-kind units in the Back Bay. The elevator opens directly into the unit which is ideal for grand receptions with a wide banquette size living room, formal entry way, open kitchen and large family room with a fireplace.

Imagine the potential that this unit will have for someone who is itching to buy a unique property and make it even more spectacular. Contact me to see the property for yourself.


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