Real Estate

Where To Rent In Boston

Boston has several distinct neighborhoods, each with its individual benefits. So, it can be kind of challenging to choose the appropriate place for you to call home. For example, if you’re a Beth Israel Deaconess Medical Center employee; Brookline, Fenway, and Jamaica Plain could all make ideal places to live.

Brookline is near several reliable public transportation routes, and is home to Coolidge Corner, a premier shopping area. Fenway is closest to the hospital and offers a vibrant nightlife with bonus points if you’re a Red Sox fan. Jamaica Plain is the most affordable of the three neighborhoods, and offers numerous parks and recreational areas, if you have a dog and wish to be social.

Popular and Attractive Boston Neighborhoods

Perhaps living near a hospital in the Longwood area isn’t a concern for you. If not, you may want to consider the neighborhood of Roslindale. You can find single-family homes, condos, or luxury apartments here quite easily. You may even want to save up to purchase a multiunit property, and rent out the space you don’t need.

Brighton is another up-and-coming neighborhood for young professionals in Boston. Several two-story homes here have been turned into condos. This makes an attractive option when you want your own space without the full responsibilities of home ownership.

Enjoy the Unique Combination of Luxury and History

Do you enjoy having all of the modern amenities within a building with history and character? If that’s the case, you need to check out Garrison Square in Boston’s Back Bay. The building itself sits in one of the most historic neighborhoods in the city. You will love the surrounding brownstone homes and the historic cobblestone streets you’ll travel daily. Protip: invest in comfortable walking flats.

The 105 units of Garrison Square have all the features you would expect in a luxury apartment complex. A rooftop terrace, private balcony, and breathtaking landscape features, name a few.

Whether you’re looking for luxury or practicality, we’re here to help. Longwood Residential offers our experience dealing in all sorts of rental properties within the parameters of Boston Metro. Please contact us today for a complimentary assessment.

Can I Buy A Home With No Money Down?

If you’re trying to buy a home, you may feel discouraged by the 20% down-payment that most lenders require. However, saving up for a 20% down payment on a six-figure home is simply unrealistic for many home buyers. You may qualify for a program that doesn’t require you to put any money down to purchase a home.

The most common programs include:

Credit Union Loans

Credit unions are owned by members instead of a board of directors. If you’re not already a member, consider researching local credit unions to see if you meet criteria. Some credit unions offer loans with no down-payment, to members with good credit who earn 80% or less of the median income for the area.

USDA loans

If you don’t need to live in Boston proper and are okay living in a town of less than 10,000 people, this loan could work for you. These are the criteria for a no-interest loan through the United States Department of Agriculture. The federal organization may also be able to help if you earn low or moderate income for your area.

VA loans

This program is for retired military members or their surviving spouse. You need an excellent credit score and a special appraisal to qualify for a Veteran’s Administration home loan with no money down.

Longwood Residential is Here to Help.

The city of Boston is currently on target to meet its goal of 53,000 new housing developments by 2030. We’re willing to do whatever it takes to match our clients with their perfect home. Consider attending one of our first-time home buyer seminars if you have never purchased a home. You may also want to think about other homeownership options, such as buying a condo. With determination, planning and having access to the right resources, home ownership can be a reality, much sooner than you think.

3 Tips To Sell My House Quicker

If you’re trying to sell your house quickly, skip the for sale by owner option. By going it on your own with a FSBO, you’re required to perform hours of research, just to determine a starting listing price. You’ll also have to supervise and control all of the other nuances that go with selling your home on your own. This includes arranging home showings and drafting a legal P&S (purchase and sales) agreement.

Here are three helpful tips that you can take opportunity of TODAY to help sell your house quickly:

1. Set a competitive asking price right from the start

Many sellers make the mistake of setting a price too high and then lowering it when the house fails to sell within a predetermined time. It’s important to understand that activity during the first 30 days of your house being on the market is the best you’re going to see. Starting out with a price that’s too high will delay the sale of your home unnecessarily. At Longwood Residential, we have years of experience establishing the right selling price for specific neighborhoods.

2. Don’t overlook the importance of preventative maintenance and curb appeal

Keeping up with your home’s maintenance means you won’t have to scramble when it comes time to sell. If you notice something needs repair, we recommend taking care of it before putting your house on the market. It’s also essential to enhance the view of your home from the street. Consider planting flowers, replacing the dented mailbox, or giving the front door a fresh coat of paint. Buyers won’t even stop to look if they’re already turned off before setting foot inside your home.

3. De-personalize your home

This will probably be hard to do, but it’s a necessary step. Buyers need to picture themselves living in the house, not you. If you need successful home staging ideas, just ask your Longwood Residential realtor.

Bonus Tip!

Work with an experienced Longwood Residential realtor! As our client, you will benefit from our many years of experience selling in the Brookline/Boston markets. When you list your home with us, you’ll have access to the best tools and helpful Realtors who can help you quickly get your home from just listed to blissfully sold.

What Is My Home Worth?

When it comes time to sell your home, you’d obviously like to get as much as you can for it. For some people, the question “What is my home worth,” seems like an unsolvable mystery. Often times, we tend to assume our home is worth much more or less than it actually is. It often comes as a surprise to homeowners that land appreciates over time, while the physical structure occupying the land can depreciate over time.

Comparable Value

When determining your home’s worth, real estate agents first consider “comps,” otherwise known as comparable properties, which are other homes in your neighborhood that have recently sold. Your agent will likely use comps to prepare a CMA (Comparative Market Analysis) for you.

The steps to prepare your personalized CMA include:

  • Locate listings of homes that have sold in your immediate or nearby neighborhoods in the past six months.

  • Select three properties which are a close match to your home in terms of year built, square footage, size of lot, type of roof, style, and amenities. According to Home Guides, there shouldn’t be more than a 200-foot difference between your home and the comparable properties.

  • Consider whether your property is larger, newer, or has additional features from the compared properties. If so, your agent may choose to add to the price of your home. If not, they may opt to take some money off of the selling price.

  • Average the selling price of the three comparable homes, adjust accordingly, and set the price for your home intelligently.

The Option of Hiring a Home Appraiser

Sometimes it may be difficult for you and your agent to come up with an accurate selling price for your house. It’s possible that there haven’t been enough comparable properties sold around you in recent months. There may also be too much information to sift through, making this part of the process very time-consuming. A professional appraiser can work with challenging situations to come up with an accurate home worth.

Setting the Selling Price

After reviewing your home’s unique features and three comparable properties, it’s time for your agent to set a selling price. It’s a good idea to set the price a little higher than you expect to get, but not so high that it discourages buyers from bidding. This leaves room for negotiation on both sides. It’s common for real estate agents to suggest that clients should offer 5% less than what they plan to ask for their home. Of course, you would be free to respond to your agent with a counter offer.

Need Help Pricing and Selling Your Home?

We are available to help you with your home selling or buying needs. Please contact Mike today and let's get the process started!

Sign Up for Our First-Time Home Buyer Program

It’s an exciting time when you decide to buy your first house. It can also be overwhelming. When you rented an apartment, you filled out an application, paid a deposit, and moved in. While the owners checked your financial stability and rental history, applying for a mortgage is much more involved.

You probably have numerous questions in addition to how to qualify for a mortgage. Longwood Residential’s first-time home buyer program can start to address your concerns at our free information session, which we hold periodically. In the market for Longwood Condos but not sure where to start? We'll post our next seminar on Facebook, so follow us there!

What to Expect at Our Free Home Buying Seminars

Longwood Residential hosts these events at our office. We are conveniently located at 1404A Beacon Street in Brookline. Here are some of the helpful topics we plan to address:

  • High-level overview of buying a home and the local real estate market Foyer of luxury home

  • Best practices for getting your offer accepted

  • Evaluating your financing options

  • Differences between buying and renting

  • What to expect during your home inspection

  • Expectations for closing

We also leave plenty of time to answer any questions from attendees. We understand that everyone has a unique situation that won’t necessarily fit into the general information we provide. You are welcome to contact a member of our team, if you have any immediate questions for us regarding buying or selling your home.

Education should be the first step on your exciting journey toward home ownership

Anyone interested in the home buying process is welcome to attend our free events! We just ask that you RSVP to info@longwoodresidential.com, or call us at 617-396-3100. Space for our first-time home buyer programs are limited, so reserve your spot today!

Awesome Longwood Condos for Sale

Before you pursue Longwood condos for sale, it’s helpful to review some basic information about condominium living. When you buy a condo, you own the entire inside of your unit. The condo association owns the exterior, common areas, and the land where the building sits.

You are not responsible for exterior maintenance as a condo owner. However, it’s important to budget for association fees in addition to your monthly mortgage payment. The money collected from all residents covers the cost of maintenance and repair in common areas such as hallways and meeting rooms.

Which Boston Neighborhood is Right for You?

One of the major benefits of Longwood condos for sale is that we have units available in multiple Boston neighborhoods. These include:

Of course, you need to consider several personal factors when deciding where you want to purchase a condo. Proximity to your work, quality of the school district, and access to public transportation are just three of the most important things to people looking to make one of these Boston neighborhoods their new home. You can search by neighborhood, price, MLS listing number, and other categories when trying to locate an available unit sold and managed by Longwood Residential.

Average Cost of Boston Condos by Square Foot

Our prices fall in line with those listed on a report released by Curbed Boston on January 5, 2017. With the new year just weeks old, prices range from $263 per square foot in the Hyde Park neighborhood to $1,467 per square foot for a condo in Back Bay. These figures include condos ranging in size from 812 to 3,247 square feet.

The analysis posted by Curbed Boston includes data from 10 distinct Boston neighborhoods. This is to give buyers an accurate idea of the average monthly payment for a Boston condo in place of using a mortgage calculator.

Featured Longwood Condos for Sale

With a presence in all 14 of the Boston neighborhoods listed above, Longwood Residential is sure to have a condo available to suit your needs. Below are just three of our luxury properties that could be your new home:

  • Ritz-Carlton Condos: Named for the hotel chain that offers such personalized service, the Ritz-Carlton Condos give you more of the same. Whether you’re interested in valet parking, room service, or wake-up calls, you can receive these services and more as a resident here. A picturesque view of the harbor completes the experience of condo living at its finest.

  • Mosaic on the Riverway: Want to live in a building with top floor club space? Then Mosaic on the Riverway is the place for you. Besides the serene view from high above the city, this building is conveniently located in the Longwood Medical Area.

  • Washington on the Square: When you want the convenience of a condo but don’t want or need a lot of space, consider a studio-sized unit at Washington on the Square. One and two-bedroom condo units are available as well. You don’t even have to leave home to exercise since the building comes equipped with a 24-hour fitness center.

Please contact us at your convenience to learn more about Longwood condos for sale.

Longwood Residential Condo CTA

Vintage Decor for your Boston Home

What is old is new again. At least that is the case with vintage décor and retro furniture for apartments and homes in the Boston area. If you’re old enough to remember growing up in a house where everything was green and orange, don’t panic. Today’s style may lean towards those colors, but not in the same dramatic way. A green vinyl chair in the kitchen or a desk chair in a cheery orange color may be all you need to look chic.

Decorate Your Bathroom in a Unique 1950s Style Vintage Decor

Light colors such as pastel pink, turquoise, or a cream and white combination give your bathroom that old-time look while still being making it appear inviting. A perfectly circular mirror and a claw foot bathtub make you feel like you’re stepping back more than half a century without ever leaving your home. You can round off the retro look with tiled flooring, a fluffy shag rug, or a lamp with a rounded shade.

Don’t Forget to Make Lighting Part of Your Vintage Home Décor

Chandelier lamps add a touch of class while standing lamps give you endless decorating possibilities. You can even add a string of lights in different colors to create a personalized living environment. Tall floor lamps make excellent vintage décor because you can dress them up in any style you like. A lava lamp is perfect if you’re trying to re-create the hippie era.

Your Living Room Can Be Unforgettable

Most people try to match their living room furniture, but you want to be a little different. Consider buying sofa pieces in bright contrasting colors and push them together. It will bring the room to life and leave quite an impression on people. When it comes to vintage décor, your home can be your personal painting canvas.

Boston Housing Report

According to an April 2016 Boston housing report issued by Mayor Martin Walsh, the city is on target to meet its goal of creating 53,000 new units of housing by 2030. To that end, the city approved building permits for 565 new housing units during the second quarter of 2016. That brings the total to over 17,000 housing units developed in just the past two years. This is already nearly one-third of the original goal.

The Fast Growth of Boston

Mayor Walsh states that the population of Boston is growing faster than at any other time during its history. There is more new construction taking place now than there has been for the last 20 years. The demand is high for all types of housing, including rental properties.

The monthly rent in older buildings has remained steady, while studio and one bedroom apartments are seeing the largest increases. However, much depends on the location of the rental property. Back Bay, Beacon Hill, the Central District, Mattapan, and the South End have only seen marginal rent increases in the past two years.

Boston Housing Report and the Greater Boston Economy

The economy is strong in Greater Boston. Because of this, young people are moving to the area to start careers and families. An unemployment rate that is less than five percent makes means that people have stable income to pay rent or a mortgage.
The 2015 Greater Boston Housing Report Card estimates that two-thirds of all new housing developments will be multi-family units. This is good news for people looking to settle in Greater Boston who might not be able to find a place to live otherwise.

Three Best Neighborhoods for Beth Israel Employees

After accepting a job at Beth Israel Deaconess Medical Center, the next big decision is finding the best place to live. The three neighborhoods described below all have many attractive qualities in addition to being in close proximity to the hospital!

Brookline
Brookline's "flagship" neighborhood is Coolidge Corner, a premier retail shopping area.  Located at the intersection of Beacon and Harvard Street, Coolidge Corner is also home to many highly-rated restaurants, including Lineage, Zaftigs Delicatessen, Bottega Fiorentina and FuGaKyu.  Brookline has some of the highest quality schools in the local community for both K-8 and high school.  Brookline has a highly developed public transportation system including several different MBTA subway lines. 

Fenway
This neighborhood is in closest proximity to Beth Israel Deaconess Hospital. It is home to Fenway Park, Symphony Hall, and the Museum of Fine Arts. Fenway has an exciting nightlife with several bars and nightclubs on Lansdowne Street.  It is adjacent to Back Bay and numerous other attractions in Boston.   Several colleges and universities are in the Fenway neighborhood, making it a young, vibrant community.

Jamaica Plain
Jamaica Plain is a diverse and dynamic neighborhood with young families, a vibrant Spanish community, and a growing LGBT population.  Housing in this neighborhood is more affordable than other areas of Boston.  There are many green spaces and plenty of opportunities for recreational pursuits.  As a whole, residents in this community are committed to healthy living and environmental causes.

Luxury and Convenience Meet at the Newly Opened Gables University Station

Recently opened in Westwood, Gables University Station offers the ultimate in luxury and convenience.  Amtrak commuters only have to walk across the street to board their train.  The amenities inside of the building include:

  • 24-hour onsite gym
  • Concierge services
  • Swimming pool
  • Business center
  • Additional parking and storage
  • Resident club house
  • On-site maintenance available 24 hours a day
  • Balconies in each unit
  • 10-foot high ceilings

Each resident is also welcome to have up to two pets.  An additional $15 per month is applied for cats, and $60 for dogs. Breed restrictions do apply.

The developers of Gables University Station take their commitment to the environment quite seriously.  Each unit is equipped with Energy Star appliances.  The building itself has ideal indoor air quality, and the property cleaning staff uses only eco-friendly supplies.  This luxury apartment complex is close to restaurants, Wegman’s, Blue Hill Vista Park, Starbucks, Target, etc!

At University Station, 1-bedroom apartment homes range in size from 560 to 1029 square feet, with monthly rents from $2000 to $3000.   2-bedroom apartment homes are between 1115 and 1426 square feet, with rents from $3000 to $3500 a month.  

Interested in Gables University Station?  Contact us today!  info@longwoodresidential.com 

Interested in Gables University Station?  Contact us today!  info@longwoodresidential.com