Thursday, August 15, 2013

Budgeting for a Boston Rental

Massachusetts' capital is an exciting city for newcomers and longtime residents alike, and every one of them needs to live somewhere. Boston's housing market is among the most solid among big cities around the world, so you'll be able to find the right place for you. Boston is home top-notch health care, colleges, and high-rolling companies. Many people, visitors and residents alike, regard Boston's beauty, history, and bustling activity with awe.

It's unlikely that you'll know exactly what you're doing when it comes to Boston real estate until you've been around the block a few times. Most of what outsiders know about Boston comes from history books or movies, so they don't know how expensive it can be to rent there. Realtors are quick to remind apartment-hunters that living in Boston can be pricey, but many have to learn from experience. If you've lived in notoriously expensive cities like New York or San Francisco, you'll probably face a little less sticker shock when you hit the market in Boston.

It's possible to find a more affordable apartment if you shift your gaze a short distance from downtown. Many neighborhoods are only a short subway ride away from downtown, and offer nice places for lower prices; think less than $2,000 per month. Young professionals have been flocking to these spots to snatch up less expensive apartments, only a train ride away from their offices downtown. Get more at Bostonpads.com.

Downtown apartments, however, are closer to many workplaces, hospitals, and schools, which adds value; expect to pay more than $2,000 or settle for less space if you venture to the city center. Like anything else, timing and luck play a role in determining how much you pay and for what kind of place; realtors are quick to warn that it can easily go either way depending on the market. Learn more about Bostonpads.com.

Realtors know that you'll probably end up with a nicer place if you're willing to pay more than $2,000. But if you're looking for a truly premium luxury apartment in the thick of things, that benchmark cost isn't likely to even cover a studio apartment. Standard amenities in luxury buildings can include new appliances and furnishings, parking, a full-time concierge, and gyms or pools for exercise and recreation. Sometimes you need a little help in this process: luxury properties will often pick up the check for a realtor's fees, so consider enlisting one to help you find the right apartment for you.

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