The latest from Lili about Boston Real Estate.

To Move in or To Build?

June 9, 2012 |

Some buyers get frustrated waiting for the right property to come on the market, so they decide to renovate or build a home from the ground up. In the Boston neighborhood suburbs, homes are being bought just to be demolished and built from scratch – these Boston homes are sometimes in the 6 or 7 digit price range. The buyers design a floor plan that works for them and select finishes according to their taste. Their money is well spent and the outcome is exactly what they have been looking for.

Moving to the city does not allow buyers this luxury, since they have to work with a given space and can’t modify the size. However, they can gut renovate the existing space to build a layout that works for them. The ideal situation in metro Boston neighborhoods is to deal with a site that is under construction. This way, you can create and design a space that works for you without dealing with sub-contractors directly. Someone else is doing the work for you.

[caption id="attachment_646" align="aligncenter" width="300" caption="Completely Renovated Condo at 1 Charles St"]Luxury Condo Boston[/caption]

In other instances, you may find a Boston home that you like, but the layout and finishes are not exactly your preference, and you can’t afford to change anything for financial reasons. No problem, get settled first and do the work gradually as you’re able. It would be nice to get all the work done before you move in, rather than renovating in stages, but it is not an ideal world. We all have to be flexible and work within our budget.

One thing you need to always remember, no Boston home has 100% of all you ever wanted unless you build it from ground up. Therefore learn to have an open mind and improvise.  You would be amazed how many properties I have seen that were transformed from being the least desirable space to the most spectacular Eden.

Whatever Boston neighborhood you select, it’s possible to renovate your living space so you feel comfortable. With extensive project management experience, I’ve worked with many designers/architects to make sure my clients are happy with the finished product. Contact me to discuss your next project.


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