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      Blog :: 06-2014

      7 Most Common Obstacles To A Sale And How To Overcome Them

      BOS Hancock sunriseThink an accepted offer means you're all set to buy or sell that apartment of yours? Not always.

      In the continuously bulging state of Boston's real estate comeback, the road from accepted bid to signing on the dotted line can be full of hairpin turns.  While most experts say that the vast majority of accepted bids lead to sales, deals can - unfortunately - still fall apart for a number of reasons even after a price is agreed on.

      Here are a few of the most common "deal killers":

      PHILIPPINES-ECONOMY-FOREX1. Financing problems for the buyer

      When a buyer needs a mortgage, there's always a chance that the financing won't come through, and that the deal will fall apart as a result.

      If you're the seller, the best way to avoid this kind of deal killer is to accept an all-cash offer. That is the safest proven way to circumvent financing woes.

      If you don't have any all-cash offers, the second best option is to screen buyers ahead of time and make sure they're pre-approved for a mortgage and have gotten a pre-qualification letter from the lender. Do take note, to increase the odds that a pre-qualification letter means what it says, make sure it states that the lender has checked the buyer's credit and income, otherwise it is based only on verbal affirmations of the buyer.

      That said, it would also be wise to go and list your property with a broker who pre-screens potential buyers. Most, like yours truly, qualify people by working with partner mortgage brokers or financial consultants before they sign any deal for the benefit both of the buyer and the seller.

      Move-up-buyers2. Buyer's remorse

      In an upward-marching market, where buyers are often paying more than others did for similar apartments just a couple of years earlier, some who've offered more than they expected to can get last-minute "cold feet" and experience a kind of buyer's remorse. Sometimes, buyers who won a bidding war may also wonder why they were the only one who thought the place was worth the price.
      Unfortunately, there's no way a seller can prepare for that. It's not something anyone's immune to. You just have to be aware of it. And though there's not a whole lot the seller can do to change a buyer's mind, a good broker can definitely help. Brokers, you see, have a sense of "deal radar" and can anticipate the interest level of their clients, as well as interested parties. This is because in the real estate business, it's often about talking people off the ledge.
      3. The seller suddenly withdraws 
      Generally speaking, sellers are less likely than buyers to get cold feet, especially since, by the time they accept a bid, they've already gone through the long and arduous process of signing with a broker, putting their apartment on the market and showing it.

      But if the seller has a problem finding a new place to live, that can have a domino effect. From our experience, we estimate that this happens in about 10 to 15 percent of the cases where a deal falls through after an offer has been accepted. You can't really protect yourself much if you're a buyer, though if a contract has been signed, you're entitled to your deposit back, and may have grounds to sue if the seller doesn't return your money.

      We also suggests you ask some questions about the seller during the negotiation process, like why they're selling and whether they've already got a new place. Of course, this can't protect you from last-minute problems, but it can definitely help prepare a bit more.

      bidding14. A last-minute higher bid

      We always say that the best way to get another bid is to accept an offer because once doubtful buyers see an apartment is being lusted after by someone else, they think it's worth buying. So how can a buyer with an accepted deal protect themselves from a higher offer coming in?

      Well - the best remedy is to apply the notion of "time is most definitely of the essence."

      Make sure you have an attorney that can get you into contract as quickly as possible. It's hard to do it in less than two days, but 24 hours is ideal. If you give it two days to a week, that gives plenty of time for another bidder to come in and derail the deal. That's why we ourselves have partnered with quite a range of lawyers who specialize in speedy but sharp closings.

      Another way to avoid getting an apartment "swiped" from under you is to tell the seller how much it means to you. Obviously, this tactic will only work for a seller who's emotionally invested in the home, not someone who's selling an investment property.  If it's a seller who loves their home and has lived there for a while, there's a big chance it'll strike a chord. Communication is really important. By showing that you're invested in the process and the apartment, the seller is more likely to feel guilty taking that other offer.

      Be sure not to go overboard and squander your negotiating ability, though. Having a broker who can help you carefully word the letter to sound eager but not desperate and willing to pay any price will certainly help. But, remember that this being Boston, and the human race, it often just comes down to dollars and cents.

      The best you can do? Be prepared to match the offer.

      5. Renovation glitches

      If a seller has done a significant renovation in their apartment or combined two units or whatnot, they need to file the appropriate paperwork with the City Hall's Building Division. Before a seller lists, they should make sure that all of that paperwork and inspection is in order. As a seller, you may need to get your architect or expediter to follow through with this. And you'll want to allow two to six months to complete the process.

      As a buyer, always always remember that banks will not lend or will have less of an issue denying a loan application if there is still pending work on a property, much more construction works that have been pending and sitting idly by. In some cases even, banks will hold off on closing until the certificates are done.

      practical-renov16. Problems with the building

      Alongside what's discussed in No. 5, issues with the building can hurt a buyer's chance of getting a mortgage, and can also turn a buyer off big time.

      It's really important to manage a buyer's expectations when it comes to the building. Oftentimes, buildings will levy a monthly charge for repairs above and beyond maintenance fees, which is known as an assessment.

      If there's an assessment in the building, the seller's broker needs to make sure it's all clear upfront--on the website, printed brochures--and they should mention via word of mouth. Monthly assessments may not seem like a lot, and sometimes the seller will negotiate to pay them, but it's important to be transparent so it doesn't come as a surprise to the buyer.

      Likewise, litigation or other issues that show up in board meeting minutes should be disclosed upfront so they doesn't surface when you're reviewing the contract. And buyers should always have their attorneys look carefully at board minutes from the condo docs.

      When it comes to brownstones, major structural issues and problems with the foundation can pop up and cause complications. While this issue doesn't usually derail deals, it can instill fear in a buyer. Likewise, external things like a large construction project coming in next door can scare off purchasers. Believe us, we've seen our fair share of buyers who planned to convert three-or-more-family home into a single-family home eventually backing out over huge tax implications.

      Seller-Disclosure47. Sometimes it's the little things

      Always remember the property proverb "small things kill deals." It could be something as seemingly inconsequential as a seller planning to take a chandelier - perhaps a family heirloom of sort - for the sellers.
      The general assumption is that anything affixed to the wall is included, but not always so asking your broker to inquire will do you wonders. Buyers and sellers can get into arguments over these items, which can push for a deal to fall through. To avoid these spats, it's best to always manage expectations by inquiring.
      Remember that when you visit a property, the agents involved should make it clear what's included and not included. That's why a walk-through with the seller and broker ahead of time can help. Also, when you accept the offer, on the deal sheet, say the terms of the deal. Include in the fixtures section what's included and what's not.
      Thinking of buying, selling or plainly contemplating the Boston housing market? Contact us now, and we'll gladly chat with you how to best ride the real estate wave. Call (617) 505-1781 or email us at info@bostonire.com for a risk-free consultation now.

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      Boston's Waterfront District Sizzles This Summer

      1We all know that The Waterfront is where most Bostonians would prefer to live. It does after all, command unparalleled views of the harbor and is quite the ideal location especially during the summer where the Greenway is just literally a skip away for fun and outdoor-ish activities. But, as with the case with neighborhoods that are city-centric, the Waterfront is not exactly the most affordable area. Until now.

      We've compiled in this article four apartments in the neighborhood that are quite inexpensive and affordable for those seeking shelter within the city's shores. You'll find that though they might be a tad above the average rent, they're pretty reasonable and even comparable to living in, say, Back Bay or Fenway.

      2But before we get down to the deets, let's first take a look at what exactly is happening right now in the Waterfront. And if you've ever thought that what the Waterfront right now is will be what it will look like in the foreseeable future, then you're gravely wrong. We'll tell you upfront - there's plenty of projects that are in the pipeline. For emphasis, let's dive into one that's pretty controversial and, of course, exciting: The Boston Harbor Garage Project.

      At first, you might think it's nothing more than hype. But recently released perspectives of the proposed project have generated much interest in the development. Currently dubbed "Harbor Square", the $1 billion project by real estate mogul Don Chiofaro, who is known for his seaside projects as well as fantastic Fenway developments, is proposed to sit on what is currently the eyesore that is the Harbor Garage.

      3Located right across the Aquarium and adjacent to the Greenway and the Financial District on a 57,346 square-foot parcel, the development is considered one of the city's upcoming jewels with its ideal and transit-oriented location, sitting between North and South Stations . If approved, the development is proposed to have 1,300,000 square-feet of mixed-use space and create an additional 27,370 square-feet of open space fronting the harbor.

      As per their press release, The Harbor Square Project would include 700,000 sq. ft of office space, 120 residential condos, three floors of retail and dining options and a 250 to 300 room hotel. All 1,400 parking spaces would be built below ground.

      So where is the almost-28,000 square feet of open space mentioned earlier? Well, the proposal is set to have two towers at the site that will be separated by an open greenway, which would be available to the public at all times - something that other sea-side developments rarely offer. And in order to make this open space between the towers a year-round destination, the developer is proposing an innovation solution: a retractable roof. And what about the privacy of tenants / owners? Well, there's also going to be a separate and elevated patio that's fronting the sea as well.

      With this in mind, we ask again: who wouldn't want to live in the area? Watch out and stay tuned as we uncover more details about this project in the coming months. For now, let's dive right into where you can live in The Waterfront right this minute:

      Interested? Call us now and schedule a showing this weekend! (617) 505-1781 or email us at info@bostonire.com

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      1. Gnana on

        that's a nice synopsis (not to metonin a nice website overall)As far housing in macro the Case Schiller Index (CSI) for Seattle continues to fall as it does for other cities that sort of side stepped the blow up of the last couple of years, almost the revision to the means effect. Some argue that the CSI never applies to their area but it's as close as we have to a national home tracking index and I've found it to be fairly darn accurate whe push comes to shove. For those of us in the residential real estate market I feel we simply need to be adjuested for the concept that there's a very good chance U.S. home prices could be stagnant (if not decrease) over the next 10 to even 20 years. On my end of the equation (as far as the MBS markets) it simply means paying alot of attention to the credit quality of what I'm buying because I won't be able to depend on appreciation to bail out a bad investment. U.S. housing is still by far the largest securtized market on earth but it's no longer a place for weak players whether they be home buyers, builders, realators or lenders.Enjoy your the blog even if it's a little buy side from time to time, heck it's your blog anyway!Tony

        Housing Recovery Hiccups, Experiences Slight Slump in May

        BOS Skyline May SummerYou may have heard it on the streets, or read it online - it's true: the housing market last month experienced a slight hiccup yet again, after failing to impress in April. This is the fourth straight month that the market has been striking out compared to previous year's figures.

        Driven mostly by the lack of available listings, buyers we yet again short from last year's and last season's sales. In fact, the well of inventory for Greater Boston is quickly drying up, especially for condominiums which were down almost 9 percent. That's negative 9 percent - a hefty decline, considering how hot buyers are nowadays for the conventionally cubed Downtown units.

        Single-family homes however, rebounded and were in fact up by 3.7 percent for the whole of Greater Boston. This is generally good - even great news - except that the current profile of the Boston homebuyer is leaning more towards a younger demograph who are most interested in smaller starter homes in or near the city that don't carry a huge price tag.

        In terms of property turnover and exchange, closed property sales decreased 10.3 percent for single-family homes and 13.1 percent for condominiums. The Median Sales Price was up 6.4 percent to $532,000 for single-family properties and 5.8 percent to $433,750 for condominiums.

        If you're avid reader of our blog, or have been keeping up with real estate trends and developments, you know that we've had a mixed bag of economic news lately. As expected, external factors such as a harsh and long winter, as well as continued economic uncertainties dragged down the buying capacity of individuals seeking properties.

        Ironically though, we've now had more than four straight years of monthly private sector job growth in the country. Locally, our unemployment rates are at an all-time low. Job sector growth hasn't been extraordinary, but it sure beats mass layoffs. Buoyed by an improving sales mix, home prices continue their ascent despite erratic demand indicators. More inventory, more high-skilled job growth, and less economic and political uncertainty are still top priorities to keep the real estate recovery ball rolling.

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        10 One Bedroom Downtown Rentals Below $2,000

        We all know that the Downtown Boston rental market is red hot right now. In fact, listings are flying off the shelves as we get deeper into the summer real estate rental season. Just this week alone, there have been close to 100 units that has already gone off market - and we're just talking about the 4 Central Downtown neighborhoods of North End, South End, Back Bay, and Beacon Hill!

        So, what exactly does this mean? Well, two things: inventories will continue to fall, and rental rates will most likely skyrocket leading up to the highly-anticipated August and September move-in dates. As a matter of fact, rental rates have slowly been increasing since the beginning of the year. Trulia puts the average monthly increase in rent close to 4 percent. That might not be a big number, but consider year over year comparisons and you'll be astonished with what you could've afforded a year ago.

        Yet, it seems renters are unaffected, and regardless of these increase, people are still on the prowl for rental properties in Boston with quite the appetite, gobbling up more than 300 units in a span of three months. And with of this turnovers and lease signings, it won't be soon before long that apartments - specifically one bedroom listings in the city's central locations will be close to nill. But don't fret, we've got you covered. Here's our rundown of one bedroom Downtown rentals (North End, South End, Back Bay, and Beacon Hill) that you might want to take a look at the coming days:

        Interested? Call us now to schedule showings while they last! Pick up that phone and dial (617) 505-1781 to see your future apartment!

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        A Brief Preview of Soon To Come Skyscraper City

        fourseasons1The heat is on! And we're not just talking about temperatures, as Boston's skyscraper boom is getting even hotter than ever before. Just take a look at these projects that are slated to either be approved, completed, or delivered within the next three to five years. Consider, too, that this is just the tip of the iceberg as farther-known "secret" projects in East Boston, South Boston, and Somerville are set to be announced before this year ends.

        Let's take a dive of what we know to be in the property pipeline:

        We've known for a while now that the Christian Science Plaza Tower would likely become the tallest skyscraper project in town, but its only recently that we've gotten more details of the project. For instance, the total height of the building has been under wraps until The Boston Globe revealed that it'll be less than a foot short of 700 feet - coming in first place as the tallest residential tower in town. Overall though, the tower will only be the third-tallest in the city, coming in behind commercial towers Prudential and the Hancock building.

        IMG-Millennium BOS4Just to rehash, the Christian Science Plaza tower is a $700 million development by Carpenter & Co and is designed by renowned architect Henry Cobb. It's set to have its first 20 floors of first-class hotel accommodations, with 211 lavish rooms for guests to lazy around in.  The rest of its 60 stories will be dedicated condos, all-in-all totaling to 180 units, all of which will be managed by Four Seasons. Talk about a high-end high-rise!

        Next up is the hotly-anticipated 625-foot Millennium Tower in Downtown Crossing. With that planned height, the tower is most likely come in at 4th place overall compared to other Boston skyscrapers, and second tallest for purely residential buildings. Its 56 stories will have a combined retail, commercial, and residential space, with 450 luxury condo units in total. It comes in the heels of the successful sale of Millennium Place, also in the same district.

        nov-6-iag-presentation-8 600-thumbNot to be outdone, the northern most tip of the city also has a jewel being built. The TD Garden's upcoming renovation and rise-up construction will prove to be another high-point (literally) in the city's chest of towers. With an elevated forest full of spires, the 600-foot, 45-story residential building will have 500 units on top of the building's arena.

        Last but not the least, the long-delayed Copley Place Tower looks to be finally on its way. The project got its final nod last fall, adding 52 stories to the current 4 floor Copley Place complex. It's slated to rise, in total, 625 feet above street level, and will include 433 apartments, and 109 cndos for sale. As it stands now, it will also have a retail ground floor component to complement the mall within it.

        backbay2On the subject of all things Copley, it looks like the Back Bay Station is finally getting a complete makeover - and from the same people that'll bring the TD Garden up to date, too! Yes, that means that just like TD Garden's vertical expansion, it looks like Back Bay Station is getting one, too! Details of the development aren't exactly out yet, but sources say that it'll be composed of two towers, one of which is rumored to be a high-rise matching nearby Copley Place and complementing the Hancock tower. We'll definitely keep our eye and ears out for more info on that!

         

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        Market Update Monday: Rental Rates Continue Rise, Starter Homes Shortage

        BOS summer 2After a weekend full of sports action and fatherly fun, it's Monday yet again and movement is the name of the game - at least for local real estate, that is. The hot summer months of real estate is vastly peaking, and there are certainly lots of movement in the market.

        First off, rental rates are at it again. In fact, some might even say that it's approaching a bubble since rents are now through the roof. According to Zillow, average rent in Greater Boston rose more than 10 percent since 2011, hitting an all-time high of $2,077 in the onset of May. That's certainly a whole lot, considering the square footage of apartments currently available in the market.

        Yet, there is hope still, rental rate relief maybe on its way, as new developments are either about to debut and deliver this year, as well as construction projects are continually upping the apartment-for-rent ante. In fact, this year alone there are 1,200 apartment units that will be turned over, with another 8,000 on the way for delivery in 2015 and 2016. That's why it's not a surprise that the city's vacancy rate, according to forecast, is expected to jump to more than 50 percent by 2016. Currently, it's pegged at 3.8 percent, a dangerously low number considering demand. So don't lost hope just yet. Patience, after all, is a virtue.

        Speaking of patience, let's talk starter homes. At the end of last year, forecasters, as well as real estate experts such us our firm were urging middle-income homebuyers to cut a deal before this year's selling season. Now, it's apparent that our advice would've been well-heeded since compared to April, more and more existing single family homes have hit the market. In fact, fears of supply not quenching the demand have altogether vanished since inventories are able to keep up with demand.

        The real shortage now is with starter homes that are within the reach of middle-income homebuyers. One major factor that could explain why "moderately-priced" homes aren't available is the fact that current owners of these properties are waiting to list it in the market in the hopes of fetching a higher return on their investment. That's only a natural instinct in this market, and no one can blame them for it. Another factor is that a fifth of all the lower-priced homes in Greater Boston are still under some form of mortgage trouble, and that's why it's not being listed.  Factoring these two elements is crucial in deterring when middle-priced homes will be available on the market, since they are properties which middle-income individuals can afford.

        Our best advice for starter home seekers? Put your financial house in order. The best arsenal you have right now is your credit worthiness. Buyers might not be impressed with your credit reports right now as they're overwhelmed with cash offers, but banks will certainly gleam over the fact that your credit is through the rough. That'll be more than helpful when all of those starter homes hit the market. That, considering all that's been said, might be sooner that you might think.

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        The Truth About "Cheap" Rents in Boston

        BOS summerIt's common knowledge that Boston is an expensive city to live in - rental rates haven't exactly been rosy for apartment hunters, nor has the inventory been kind to many who are looking. And with the peak real estate summer months rolling by, there's an upsurge yet again of individuals who are looking for housing in the already-congested rental market. That's why our number one advice for those looking for housing is to set their goals straight before beginning a search.

        Particularly, renters should always have a goal in mind, defining the neighborhood and the price point and amenities they're looking for in a rental home or unit - remember that strategy is key when searching, especially in Boston where 45% of renters end up shelving out more than 30% of their monthly income for rent. That's a figure that's unacceptable to some, but necessary to many.

        So, given all of this, is it still possible to rent your dream apartment without shelling out most of your hard-earned money? Well, that depends on what you're looking for. Median rent in Boston (City Centre) right now stands at $1,902.50 for a 1 bedroom - that's not counting Cambridge and other parts of Greater Boston, though so there's definitely hope for those who are searching on the outskirts of the city.

        We've conveniently compiled a list for you to see which neighborhoods are above the median rent, so you'll know how to strategize your search given your budget:

        Screen Shot 2014-06-12 at 11.54.56 AM

        Given these numbers, we suggest starting your search for a one bedroom in neighborhoods closest to your work or school . Narrow it down further by looking at the how much you're willing to spend and the closest areas that match your spend. Obviously the neighborhoods that have cheaper rent than the rest of the city will of course be more saturated with applications. Good thing though we have a master list of inventory available in these neighborhoods, and we'd be happy to give you an insight to which ones are "cheap rents".

        So get in touch with us now, call (617) 505-1781 or email us at info@bostonire.com before everyone else gets wind of this!

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        You Know You're Ready To Sell Your Home When...

        If you read our article last Wednesday, you're probably in the know that Boston currently ranks at No. 10 in TIME Magazine's list of the Top Cities in the U.S. for real estate. Specifically, Boston bests other key metropolitan cities in terms of the number of days it takes for a property to be taken off-market. Currently, the average DOM (Days On Market) for Boston listings is pegged at 47 days - that's almost half of the national average of 86 days.

        What does this all mean? Well, if you've been holding out on selling your property over the last couple of years, months, or weeks, then it's perhaps time to reconsider. All available data, facts and figures show that now is really the best time to ride the real estate wave and sell your property at its maximum value. But beyond the numbers of selling your home, there are of course extraneous factors that are attached to your decision. Given all these, how do you exactly determine if you're in fact ready and willing to sell?

        While it's true that the decision to put your home on the market shouldn't be made in haste, it's also true that you can't wait forever and drag it out. Economic uncertainty and rising mortgage rates are causing potential home sellers to flip flop in their decision making. One guiding principle we always give our clients is to stick to their guns - trust us, being hot and cold with regard to your decision to sell will hurt your property's selling price.

        In fact, it has become more commonplace for homeowners to put their homes on the market, but choose not to make the updates or repairs likely needed to more easily sell the home. In some cases, people are still unsure of whether selling is the right decision and might be emotionally attached to the home, which then hampers any improvements efforts and investments difficult.

        There's no set formula to decide if you are ready to hang the "for sale" sign, but experts identify four signs that hint it's time:

        You Have a Game Plan Serious sellers typically have an idea of where their next home is going to be located. Having a game plan, at least generally, as to where your replacement home will be, greatly helps determine the future of your selling decision. Studies have even shown that a game plan "is a serious motivating factor to some sellers."

        What's more, having a general idea of the next neighborhood hinges on having an estimated listing price of how much home you can afford. You don't want to find yourself in a situation where you sell your house and can't afford the new one, or you can't secure a mortgage because you don't have a large enough down payment.

        You're No Longer Emotionally Attached to Home Some experts says that if you have any emotions about the home, you are really not ready to sell. If you are still connected to it, you are not going to listen to your Realtor and you are not going to do what it takes to sell. Sellers must see their home as a product, no longer their home. Viewing it as such makes you focus even more on the objective at hand: disposing of it for the highest possible value it can fetch.

        You are Financially Ready to Make the Leap Sellers ready to hit the market have usually perused real estate listing websites, checked out mortgage calculators and, in some cases, been pre-approved for a new mortgage.

        "The first sign that homeowners are ready to sell is that they are financially ready," says Pajon. "The next sign is that they evaluate and determine they are financially prepared for the costs associated with purchasing a new home: taking into account the down payment, closing costs and moving expenses."

        You are Ready to Make Changes Sellers who are still emotionally attached to a home will likely resist major changes or upgrades, whether it's a new paint color or kitchen upgrades, which could compromise asking price and a quick sale. This is especially the case these days, when buyers are really particular about properties on the market. Sellers really have to invest the time and energy to do a little renovating to attract more calculating and conscious buyers. That then follows that a big tall tale sign of you not being ready is if you aren't investing the time or energy to getting it spick and span for open houses and potential broker and buyer visits.

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        What You Can Buy In Back Bay For 600K Right Now

        We all know that the market is red hot right now. In fact, TIME Magazine recently named Boston as one of the Top 12 Cities in the Country where real estate is at an all-time high. More specifically Boston - at this moment, sells properties at an average of only 47 Days - close to half of the national average of 86 days!

        So, what exactly does this mean? Well, two things: inventories will continue to fall, and home prices will continue to rise - that's at least until new properties are delivered.

        Until that time, you might want to consider riding the wave, or risk getting lost in it. And so, here's a sample scenario: you're on the prowl for a property in Back Bay, Boston. You can afford $600k easy and without breaking the bank. What exactly will that fetch you? Here are six properties that might peak your interest, sorted from lowest to highest:

        Contact us now to schedule showings of these properties before they're gone! Call (617) 505-1781 or email info@bostonire.com

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        Deciding When It's Really Time For You To Move

        Sometimes, it's just really clear that you need to move. Whether it's because you're transplanting to a new city, or you've gotten a new job, or the unthinkable happens and you're unexpectedly laid off may prompt you to look for a more affordable apartment - relocation is often rooted in one cause or another. But there are also those instances when people start looking for a new apartment just because and without any compelling reason whatsoever. Instead, it's a matter of considering the factors that suggest it may be time to go, and then decide whether it makes sense to move or stay put.

        Feeling cramped

        In most city dwellings, one common factor for moving is the size of your current apartment relative to your needs. It's possible that when you first moved into your rental, it seemed as if you had all the space you could possibly want. Of course, your apartment hasn't grown any smaller since then. But you may have accumulated more furniture or belongings, or perhaps you now share your place with a significant other, and both of you feel you can benefit from a larger apartment. There's also the likelihood that you've grown up and started a family - in this particular situation, moving isn't something you should meander about, but is automatically a must because at the end of the day, you wouldn't want your brood to be on the brink of claustrophobia.

        Getting on your nerves

        annoyingneighbor Is It Time to Move?

        Remember how hip and cool your neighborhood seemed when you moved in? You loved being around the college kids who sat out on their steps playing the guitar and getting invited to random parties. But that all sort of lost its charm when you moved in and started to wake up at 3 a.m. to the sound of the neighbors hurling in the bushes. Not cool. You're a grownup. It might be time to live where the other grownups live. And regardless of whether you still like your apartment's attributes as much as before, external factors may influence you to consider looking for new digs. If you're at the end of your rope when it comes to dealing with annoying neighbors, then it's definitely time for a move. Non-responsive and difficult to deal with landlords are also something that prompts people to relocate. Again, your place might still be nice, but at the end of the day, it's not yours, and if your landlord is giving you a hard time keeping it the way you like it, then take up in arms and haul your stuff away.

        Moving up in the world

        commute Is It Time to Move?

        As the saying goes, with maturity comes moving. You can't sacrifice peace of mind and convenience for aesthetics. If it takes you too long to commute from your current place to your new job, then this unpleasantness is greatly offset with the beauty of your place. It's also possible that you were new to your city when you found your current apartment, and you've since discovered a neighborhood that you think would be perfect to live in. Consider other neighborhoods as well - somewhere that's convenient to you, and strike a balance between form and function.

        Remodel versus relocate

        It's funny sometimes how older homes can go from shabby chic to just shabby. Now that neon green countertop that seemed so retro and modern just looks like an old countertop in a bad color. The shower needs to be re-done and the floors have gotten so bad even the dog doesn't want to come inside. So then you start to dream about remodeling. And you probably get so caught up in the end result that you start to think this is actually a viable option. It's not. It's months of living in disorganized, sheetrock-dust covered filth and eating cardboard pizzas. Just save your money, your peace of mind and your sanity, and move into a new place already. Remember, remodeling is only a last resort, as your rental is exactly that - a rental; it isn't yours, and any increase in equity you put into it won't be yours to enjoy in the long-run.

        Your voice echoes in your home

        You might have gotten a good deal when you first moved in to your two or three bedroom, paying less than what you would normally or just struck a really good rental deal. You envisioned yourself filling up the area with so many things, and using the space for more than what you need. Well, external factors might have come into play since then. For example, you found that you actually didn't need an indoor workout pilates and yoga room, or a home office since you constantly work late at your place of employment; or plainly don't have the funds tho furnish such a large living area. In this case, it's definitely time to downsize. The space will feel more practical, and the limited square footage will fit snugly to your needs since chances are, if you still haven't furnished the whole apartment six months to a year after you've moved in, it'll never happen.

        Note: It might be a little hard to let go of an excellently-priced and wonderfully-sized apartment. So if you're willing, take on roommates that'll bring their stuff in with them and make the place more utilized. But, if that's not your sort of thing, then look at other ways to make practical and sensible use of the space.

        Looking for the perfect neighborhood in Boston? Let this awesome tool help you. Also, don't forget to regularly check out our listings for living spaces that suit your needs. Better yet, call us at (617) 505-1781 and tell us what your preferences are, and we're sure to find you that perfect piece of rental property!

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