Tag Archive: Finance

Is There Such A Thing As An ‘Affordable’ Boston Dream House?

boston skylineThe city of Boston is the capital of Massachusetts.

It is a city that is well known in history, playing a very key role in the Revolutionary War.

Today, it is a place that many tourists come to learn about American history, and it is also a great place to live.

Some of the homes that are in Boston are quite old, full of history themselves, and are often sought after by people wanting to move into the area.

There are also modern homes that are extravagant, built just a few years ago. These would also be considered dream homes to people that want to move into the Boston area.

Here is a a quick overview of how you can find affordable Boston dream houses that you will want to purchase.

Where Should You Live In Boston?

Many people do not know how expensive properties have become in the city of Boston. Whether you want to live in Belmont, Winchester, Newton, or Lexington, these are all locations that you can find dream homes available.

Some studies have shown that the cost of living in the area has risen to heights that were often only attributed to places like Hawaii and New York.

It is a beautiful place to live, but to find an affordable Boston dream home for you and your family, you need to consider the suburb that you will be living in.

Why Has The Price Of Real Estate Gone Up?

Part of the reason has to do with the how much people tend to earn in this region. The median household income is usually over $120,000, with the median home price being $700,000.

Part of the appeal has to do with the crime rate which is exceedingly low, and it’s a city that is a throwback to a much slower and simplistic America. It allows people to raise their children in neighborhoods that are crime free, apart from the hustle and bustle of New York City just a little over four hours away.

To find the best home, one that is exactly what you want and at a price you can afford, you will need to contact a local realtor that can connect you with a seller that might be a little more flexible.

How To Get The Best Deal On Your Boston Dream Home

There are always ways to find a very affordable solution to purchasing a home in an area like Boston where home prices can be quite high.

You could connect with a person that is moving out of the area, perhaps because they are retiring, and they are willing to go down significantly on their price.

You could do a lease to own option with very little down to move you right into a home that someone is willing to do anything to rent out or sell. Your realtor will be able to help connect you with these individuals that will offer you the special deals.

You could also consider living in places like Stoneham that has beautiful colonial style homes, some of which may be exactly what you are looking for, that will be at much lower prices.

Waltham is another suburb that is about the same distance from the center of Boston, just a 30 minute commute. This is more of a trendy place to live, designed for people that would prefer a more modern home to live in.

Regardless of how you are able to get your deal on one of the many Boston dream houses that is available, it is through persistence, and the right realtor, that you will be able to make this dream come true.

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