Blog :: 08-2017

Condos for Sale in Boston and Brookline!

Do you want the satisfaction of owning your own place without all the responsibility? Then purchasing a condo may be right for you. Condos for sale by Longwood Residential are individual units located within a building or multi-family home. You must get approved for a mortgage just as you would when buying a private home. You pay association dues in addition to your mortgage. These fees are mostly for maintenance of common areas. While you’re responsible for maintenance inside your unit, your condo association takes care of things such as landscaping and shoveling snow.

Luxury condos, such as those operated by Longwood Residential, are run by a board of directors. The board votes on, and enforces, rules that affect residents. You will want to learn about the condo board’s reputation before buying a condo. Also, you should know how much of a reserve fund the association has on hand to handle exterior upkeep.

Mortgage Rates and Luxury Accommodations

In January 2017, Curbed Boston reported condo rates ranging from $263 to $1,467 per square foot. You will find that prices for Longwood condos typically fall into this range. We mostly operate luxury condos with amenities that you won’t find at many others in the Boston area. Some of the amenities at Longwood condos include:

  • Private fitness clubs
  • Concierge services
  • On-site, underground parking
  • Rooftop swimming pools
  • Party rooms
  • Business suites
  • Package services
  • Private balconies
  • Valet services
  • In-unit wash machine and dryer
  • On-site retail stores
  • On-site play areas for children

We offer one, two, and three-bedroom condo options as well as limited studio-sized units. Most of our condos are in neighborhoods that are within walking distance to many of the things you need. Our buildings are also located in areas with excellent access to public transportation.

Which Boston Neighborhood is Right for You?

Deciding you want to buy a condo is just the first step. It can be a bit more challenging to find the amenities, price range, and neighborhood, that is just right for you. Longwood Residential offers condos for sale in more than a dozen Boston neighborhoods. Whether you have your heart set on Back Bay, Roslindale, or The Fenway, we can help you find the best Boston condo for you and your family. Feel free to start your search here or contact our office for assistance. We look forward to working with you.

What is the Cost of Living in Boston?

cost of living bostonAccording to a June, 2017 report released by Best Places, Boston scored a 169.90 for overall cost of living. A score of 100 is the baseline for cities across the United States (the higher the better). High housing costs seem to contribute the most to this score. Although Boston scores high in several other areas as well, it’s the housing costs that really drive it up. They are highest in Boston proper as compared to the Boston/Cambridge/Newton metro area and Massachusetts as a whole. Setting down roots in the right neighborhood can make all the difference in housing costs.

Other Cost of Living Scores for Boston

Boston also scores above 100 in several other cost of living categories. These include:

  • Utilities, 149

  • Miscellaneous, 131

  • Health, 125

  • Grocery, 122

  • Transportation, 105

Many residents consider the cost of living in Boston worth it. The city offers excellent public transportation and a rich history, among other things. You always have the option of getting in on the tiny house craze to reduce your housing costs.

Average Rental Costs in Boston

cost of living bostonThe June 2017 Best Places report indicates that the average rent for a studio apartment in Boston is $1,245 per month. This compares to $898 for the rest of Massachusetts and $712 average for the entire United States. Other rental rates by size include:

  • 1 bedroom: $1,395 in Boston, $1,067 in Massachusetts, and $825 in the United States

  • 2 bedroom: $1,716 in Boston, $1,335 in Massachusetts, and $1,027 in the United States

  • 3 bedroom: $2,130 in Boston, $1,668 in Massachusetts, and $1,379 in the United States

These high rental rates might encourage some people to become homeowners sooner than they would have in a different area. At Longwood Residential, we offer competitively priced apartments, condominiums, and private homes. We may have exactly what you’re looking for, so give us a call or click to contact us and discuss your needs today!