Posts Tagged ‘real estate in boston’

Shocking Study about Boston Real Estate Investing!

In 2009, 54% of people that bought real estate in Massachusetts said that they believed their new home was a better financial investment than stocks. The statistic comes from a study published on February 9th, 2010 by the Massachusetts Association of REALTORS®. An additional 29% of buyers said that their new home was as good as an investment as stocks. For sellers of property, the feelings were positive as well. Sellers in Massachusetts typically sold their properties at 94% of their asking price.

Why buy property in Boston? Massachusetts property, particularly in-demand Boston real estate, is an excellent opportunity to invest. Right now there are hundreds of condos in Boston, single-family homes in Boston, and multi-family homes in Boston that are on the market — and offered at a great value. Rental property in Boston will always be in demand due to the large number of students and working professionals entering the market at any given time. Buying real estate in Boston is a great opportunity to earn extra income, and hold onto a valuable asset for your future or for the future of your children and loved ones.


Texting Ban Makes Boston Real Estate Even More Appealing

A proposed ban on texting while driving in Boston could make buying real estate in Boston even more appealing for families looking to plant roots in a safe city. The ban on texting while driving passed through the House on February 4th, and will head to the Senate.

Described as “one of the toughest laws on texting in the nation,” the ban would punish first and second-time offenders with fines, and drivers who cause an accident while texting could be faced with prison time (under reckless driving laws) and a fine. It would also require drivers to use hands-free devices when talking on the phone, and would ban junior operators from using their cell phones in any way while driving.

The new ban makes Boston an even more appealing city for individuals and families interested in relocating to a safer city. In some Boston neighborhoods, it’s possible to do without a car because of Boston’s convenient transportation options such as “the T” (the subway), buses, designated bike paths, and of course, sidewalks. Pedestrians should feel even safer after the ban on texting while driving is put into place.

For more information on Boston real estate, please visit Prudential Prime Properties on the web. Prudential Prime Properties is your source for only the most knowledgeable and professional real estate agents in the Boston area.


Moving to Newton MA?

Walking around a new city can only show you so much. For a little guidance, there’s a new tool provided by HGTV.com that can help you see all that Newton real estate has to offer before you hit the streets.

HGTV’s Frontdoor.com provides a user-friendly guide to your future city, condensing information from sources such as City-Data.com, Yelp.com, and Eventful. With this tool, you can easily get to know the basics about your new city by visiting one website instead of several.

As shown above, click the “Reviews” tab to be shown a list of the most frequently reviewed businesses on Yelp.com. This is great because Yelp.com can be extremely helpful for residents who know the area, but a bit confusing for someone who doesn’t know Rialto from McDonald’s. A person new to the area can see what his new town is known for. The “Explore” tab allows users to choose a point of interest, like “Schools,” and a map shows pinpoints of all local schools. There are many more helpful facets to this tool, which you can explore for yourself here.

For a more in-depth analysis on Newton real estate and all that it has to offer, visit Christine Norcross and Partners online. Find out if relocating to Newton would be a good choice for you and your family, and browse the homes for sale in Newton and in the surrounding towns.


20

01 2010

New Grant for Buyers of Foreclosed Properties

Buyers, and tentative buyers, of foreclosed properties in several Boston neighborhoods may be eligible for low-interest loans or grants up to $50,000 for purchase or renovation costs. See this Boston Herald article on the $13.6 million dollar grant recently awarded to Boston by the Neighborhood Stabilization Program.

For in-depth information about real estate in Boston and its surrounding neighborhoods, visit Prudential Prime Properties on the web. Once there, you can search Back Bay Boston Homes for Sale, Beacon Hill Realty, North End Boston Condos for Sale & Boston Rentals.


18

01 2010

New Boylston Street Condo in Boston Just Listed

The above penthouse studio condo is located at 1091 Boylston Street in Boston’s Back Bay. Living here would put you steps away from some of the swankiest shops in Boston on Newbury Street. A thriving neighborhood, Newbury Street and the Back Bay are stocked with the city’s most cutting edge restaurants and bars. This condo is ideal for a college student (it’s located directly across from Berklee College of Music), or as an investment property.

For more details on this listing, visit Prudential Prime Properties online. While you’re there, browse the MLS listings of other properties in Boston real estate. For expert guidance on real estate in Boston and all that relocating to Boston has to offer, Prudential Prime Properties will be able to answer all of your questions.


The Value of Your Future Home

When shopping for homes you should keep in mind the future value of your home, whether you plan on one day selling it for your retirement or leaving it to your loved ones. Whether your plan is to purchase a home as an investment or to make it your family’s first home, there are several things to research before you buy. You can find the answers to the questions below on the Internet and by visiting the neighborhood and dropping in on its local businesses.

What is the state of the neighborhood?

  • Basic needs for future buyers include a low crime rate, parks and recreation facilities, transportation routes (bus stops or train stations), and nearby shopping areas.
  • Neighboring homes should be well-maintained.

Visit the schools!

  • You can look at public schools on the Internet, but you’ll never know the actual school environment until you visit the school itself.

Are people moving in or moving out?

  • Do a Google search for the street you’d like to buy on to see if any of the nearby homes are for sale.

How’s business?

  • Aside from checking out the local businesses, you can also visit the town hall or city hall to find out future developments in or around your neighborhood. Developments can increase or decrease surrounding property value and taxes.

Before doing any of the research above, make sure you like what you see in your future neighborhood. Will you enjoy spending time in the area, taking walks with your kids, visiting the local restaurants or cafes? Or area you simply focusing on the best bang for your buck, and not taking the local area into consideration?

For help on browsing Boston real estate, consider the real estate agents at Prudential Prime Properties. Prudential Prime Properties has years of experience helping people find homes in Boston. The firm has years of experience helping residential, commercial, and rental clients find properties. For additional insight on buying real estate in Boston, refer to the Categories list on the right column of this blog.


Contemporary Homes of Boston Real Estate

Looking for condos in Boston? Have the pre-conceived notion that every property will be built from brownstone or brick and have a wrought-iron gate? Think again. The following are some options in Boston real estate that have been built to please the contemporary palate.

The condo pictured above is a one-bedroom located in the XII Stoneholm Building, right in the Back Bay. Its 11 foot high ceilings, floor to ceiling windows, and great storage space will make you feel right at home. If you’re looking for condos in Boston that are close to Newbury Street and Boylston Street, this home might fulfill all your needs and more. The building even has a rooftop pool!

FP3 Boston

FP3 Boston

The Seaport District in Boston has recently spurred much buzz around town as being the hottest place to snag a luxury condo. FP3 offers some of the swankest luxury condos in Boston, one of which is pictured above. The studio includes an amazing terrace and floor to ceiling windows for drop-dead Boston skyline and ocean views.

Don’t just stop here! There are hundreds of condos in Boston currently on the market; many of them luxury condos like the ones pictured above. Whatever your price range, whatever your style, right now there are so many options in Boston real estate to choose from.


Boston Real Estate: A Focus on the South End

Part of the allure of relocating to Boston is being able to take a walk through the city streets and relive the past. Boston has retained much of its original architecture, and is well known in other parts of the country for its charming brownstones and cobblestoned streets.

The South End of Boston is a neighborhood marked by its brick bowfront townhouses and London-style squares. Hunting for homes in the South End presents a unique piece of Boston real estate where one can live in a charming brownstone and have the luxury of being steps away from the newest restaurants, bars, and shops of Tremont Street.

What might you find on a walk through the South End? The following are some notable sights.

Cathedral of the Holy Cross

Cathedral of the Holy Cross

The South End on a snowy day

SoWa Open Market in the South End

SoWa Open Market in the South End

The next time you are in Boston, take a day to explore the South End and you might just fall in love with the neighborhood.


3 Things to Do Before Investing in Boston Real Estate

If your investment instincts are tickled by Boston MA real estate’s falling prices, there are some things you should do before you even begin talking to a real estate agent. Knowledge is power. To be well-informed about investing in Boston real estate is to be prepared for any surprises that might occur along the way. The following tips are provided by The National Real Estate Investors Association.

  1. Buy your own home first. This is the best practice in the real estate investment process. You could eventually use your first home as an investment and rental unit for when you purchase an “upgrade” property later on down the line.
  2. Read up. The original tip here is “go back to school,” but there are plenty of free resources out there that offer more flexibility. Browse the latest books, build an RSS feed of real estate blogs, take an online course, join a local investment group. Sometimes, the best way to learn is by talking to other people, so joining a group may be the most helpful option. You can learn from others’ stories of success (and failure.)
  3. Learn your investment market. Again, joining local groups may be your best bet here. Even if you have lived in the Boston area your entire life, you may be unaware of the habits of renters and students. By talking to others with more experience, you’ll learn what to expect when investing in real estate in Boston.

Spacious Townhouses in Cambridge MA Real Estate

The city of Cambridge is home to some of the Boston area’s most charming townhouses. Many townhouses in Cambridge MA are located quite close to MIT or Harvard. Here is one that is currently on the market.

If your perfect idea of a Sunday is catching the newest indie film and then meeting up with a friend at an intimate cafe, then this place could be for you. Pictured above is one of the Cambridge MA townhouses that is located at 22 Lilac Court. The property includes 2 bedrooms, 2 full baths, a study, and just about 1500 square feet of space. 18 foot ceilings and a private patio will certainly wow your guests.

A quick browse through real estate in Cambridge MA may just have you fawning over the charming architecture of all of the properties on the market. A townhouse is a comfortable way of experiencing city life with the benefit of investing in a property instead of just renting. If townhouses aren’t for you, take a look at some of the other options that Cambridge MA real estate can offer.