Posts Tagged ‘real estate’

Renting with Ease: A guide to navigating your rental process

Monday, April 8th, 2013

It’s the season for renting. Students, young professionals, even families are looking to lay their head in the Boston area, but many don’t know the most efficient way to go about it. Smart City is laying out a step-by-step way to go about renting through one of our reputable agents.

  1. Figure out what you want. Whether it be the number of bedrooms, the area, the proximity to public transportation, or the price, come into a rental office with a list of requirements. However, be prepared to be flexible.
  2. Assemble your documents. These include current and past landlord information, student documentation, or paycheck stubs for verification of employment. The sooner you are able to provide these to your rental agent, the faster the process will move along.
  3. Take notes on apartment showings. Make lists of pros and cons and try to recall specific details of each apartment. A rental agent can really help with these details.
  4. Come to showings with a checkbook. Be prepared to make a quick decision if you find your dream home. Properties, particularly in Boston, go very quickly.
  5. Read through your entire lease before signing. This seems straightforward but it’s important to know exactly what you are signing. Have a conversation with your rental agent if you spot anything that confuses you or raises questions.
  6. Finally, make preparations for your move. Consider parking, elevator access and even the weather on the day of the move.

To get in touch with one of our experienced and talented rental agents to guide you through this process, call (617) 236-0353

Home Appreciation Continues

Friday, March 1st, 2013

The Boston home market is still on the rise. Listings are barely hitting the market before offers come flowing in.  We’re not just talking one or two offers either, we’re talking about several offers on single listings. In this brief post we just want to highlight some of the reasons why homes are moving so quickly.

Zillow is reporting a 6.2% increase in home values across the country since last January and a 0.7% increase since December. With this in mind it’s also worth noting that this is the lowest percentage of homes with price reductions on the market in over four years.  People know that if they buy now and market trends continue, then there’s potential to make a profit in a matter of just a year or two.

In Boston, as we’ve stressed before, inventory is incredibly low across the city. Thus, home values are up 9.5% from last year. This is a clear reflection of the low inventory, thus making this the ideal sellers market. With this trend, now is the time to put your home on the market. Sellers are receiving multiple offers within just days of listing and the market is only getting busier as we come into the spring.

Sources:

http://www.zillow.com/local-info/MA-Boston-home-value/r_44269/

http://blog.altosresearch.com/three-signs-2013-will-be-the-hottest-housing-year-since-2005/

A Cozier and More Personal Home

Monday, February 18th, 2013

Did you just move into a new spot? Do you have a home that feels sterile and barren? Here are some tips for making your pad more comfortable and personal. When you come home after a long day at work, or a snowy commute, you ought to feel cozy among your things.

  1. Mixing color and texture: The easiest way to dress up your place is to move out of your comfort zone, and add color and texture. Try adding a rug with accent pillows, or picking a subtle pattern for a blanket that contrasts well with a painting on the wall. The more adventurous may even opt to mix multiple different patterns or colors. However, when shopping for home accessories with different patterns, try to bring along photos of the room or accessories you may already own and check that your new purchase matches!
  2. Adding shelving for more than just storage: The obvious purpose of shelving is to store your belongings or books. Instead, consider installing shelves to display trinkets or photographs. Not only is this a way to display your precious belongings at eye level, but it also adds dimensionality to your walls. Just make sure to install shelves with a level, or risk having your favorite trinkets slide and crash!
  3. Wallpaper: There has long been a stigma against wallpaper. Many claim that wallpaper is stuffy and dated when they are reminded by the floral patterns in their grandmother’s home. However, there are plenty of new wallpapers with a modern and stylish feel that will dress up your home in exciting new ways.
  4. Statement wall: Similarly, you’re hesitant to change the walls in an entire room, paint just change single wall! A bright color, or bold wallpaper on a statement wall will give your place a unique vibe with flair. One of the most popular places for a statement wall is behind the headboard of a bed in the bedroom. This single wall with pop can play a trick on the human eye, often making the space appear larger and more design-oriented.
  5. Hanging art and personal photos: It goes without saying that personal photos and art are the most straightforward ways to make your place more cozy, but avoid the collegiate temptation to simply tape or tack your wall accessories. Spend a little time in a Marshall’s or Target to buy some inexpensive frames for your photos. After all- these are your friends and family, they deserve to be hung with care!
  6. Subtle themes: While creating a “theme” for a room may be a bit childish, you can do so in a very subtle way that gives the space a greater sense of purpose and ties each element of the room together. For example, decorate a simple space with a nautical perspective, or give a living room a log cabin feel with leather furniture and plaid blankets.
  7. Fabric accessories: Soft fabrics will always emphasize the coziness of a home. Whether you drape blankets over the back of your furniture, or add a few more statement pillows, adding fabric accessories will make your space feel like one, big, cozy bed. For the more adventurous- try fun floor pillows for guests to sit on.
  8. Exposed closets: Closets are often covered by sliding doors or curtains. However, for organized fashionistas who invest a lot time and money on their wardrobe, consider removing closet doors altogether. This can open up the space to feel larger, and displays a colorful wardrobe as art. Be warned: this can quickly make a space feel messy if not well-maintained, and guests may feel inclined to do some snooping.

Starter Homes in Boston

Friday, November 9th, 2012

Recently Boston.com posted a very brief post ragarding starter homes.  What they didn’t address specifically, are starter homes here in Boston. While, they did speak to the more suburban single families homes, that seem to be on the decline, and spoke to the trend of condos on the upswing, Boston is obviously very different.

Decades ago in Boston the modest single family home became a myth. We’ve become a city of condos and apartments, as most major cities have. There is certainly nothing wrong with this, but it does mean a bit of a sacrifice when it comes to a starter home. The simple fact that property values are so much higher in Boston immediately alters the idea of a true starter home. You won’t have that suburban ranch or that cute backyard, that must be accepted whether this is your first home or your tenth home in Boston.

The great opportunity in Boston however is the mortgage rates. While you may not be buying a 3-bedroom condo, purchasing a studio with office space could be a whole lot cheaper than your rent when you’re considering this on a monthly basis. If you plan to be in Boston for a while there’s nothing wrong with purchasing a smaller place as your starter home and paying far less for your mortgage than you ever would have for a rental.  It’s all about weighing your options and considering how long you plan to be in Boston and the money you’re willing to spend.

Political Real Estate (Romney vs. Obama)

Friday, October 5th, 2012

Click to enlarge!

The Estately Blog recently created a fun and playful comparison of the housing situations of the two presidential candidates (excluding the White House). The website compared Obama’s Chicago home with the five homes Romney has owned in the past few years. Both the presidents live in high-end houses. The average American home value is $221,800, but Romney’s (in total) is $32 million and Obama’s is $1.6 million. Check out the image above for all the info Estately gathered—including information on their neighbors. While Obama has had political neighbors in Chicago, Romney has had some rather interesting neighbors in Utah—including Cheech Marin of Cheech & Chong. Both candidates have some luxe amenities in their homes. For instance, Obama has a 1,000 bottle wine cellar and a third floor ballroom. Romney is doubling the size of his La Jolla, CA beach home and adding an elevator for his cars. Decide for yourself who has the better digs!

The White House is the most luxurious. It has a bowling alley, basketball court, a missile defense system and lasers for security, and a home brewery. It is 55,000 square feet, has 11 bedrooms, 35 bathrooms, 28 fireplaces, and is worth a whopping $100 million dollars.

Investing in Real Estate

Tuesday, September 18th, 2012

103 Myrtle offers a beautiful penthouse and in unit fireplaces along with granite countertops and hardwood floors throughout.

12 Bay State Road , nestled right in Back Bay provides a variety of one and two bedroom units, ideal for renting.

For many people real estate is thought of as a home, the idea of purchasing, selling, or renting their home. However, for others real estate is an investment and a business.

Recently we’ve had a couple investment properties go up on the market so I thought this would be the perfect opportunity to discuss the benefits of investing in real estate. To begin with it provides an alternate income. It may seem like you’re pouring a lot of money into purchasing a building and possibly putting some work into it, but with the price of rent in Boston and if you have a prime location then you will have no problem keeping up with your mortgage and paying off your building in no time.

Naturally you must have a plan in place, the financials to back everything up, and the willingness to dedicate time and energy to your investment. It’s overwhelming now, but if you’re methodical and careful you can set up a great system and see the true benefits of investing.

Currently 103 Myrtle, a 3-unit building, and 12 Bay State Road, an 8-unit building, are both on the market. We’ve had a lot of interest in both units and we’re excited to hear such positive feedback about the buildings. They both offer amazing locations and are prime real estate investments.

For more information on real estate as an investment or to see Boston buildings you can call us at (617) 236-0353 or check out our website http://thecharlesrealty.com.

The Profitability of Back Bay, Boston, MA

Friday, September 14th, 2012

The Back Bay area is once again extremely profitable. There is a booming commercial property market and luxury residential listings are receiving offers after being on the market for as little as twenty-four hours. After the initial downturn from the recession, the market for commercial and office real estate in Back Bay is once again incredibly robust–with pricings back to 2007 rates ($80 per square foot, and rising) and the area has the lowest vacancy rate in the city–4.7%.

Investors are taking notice–and now Back Bay’s shoppers, professionals and residents will benefit from all the changes that are taking place. In the fall of 2011, Atlanta-based Jamestown Properties invested heavily in Boston’s very own Newbury Street. The company paid a whopping $226 million for a 130,000 spread that spans over twenty-eight buildings. The company now owns fifteen percent of Newbury Street, and their $4.7 million dollar renovation of 234 and 236 Newbury is projected to finish this winter. Jamestown is investing another five million dollars in renovations and new projects set to take place over the next five years. The company’s new developments are creating almost 16,000 square feet of retail space, and a total of fifty luxury residences.

Visitors and locals will also soon be noticing massive amounts of construction—as Jamestown Properties isn’t the only one to notice the extreme profitability of the Back Bay area. Liberty Mutual is constructing a $300 million office building, AvalonBay Communities is developing a $100 million, twenty-eight story, 188 unit residential building, the Simon Group is planning a $500 million development and expansion of Copley Place Mall, and there is a new 49,000 square foot building being built on Newbury that will house a three-story Chanel store, parking garage, and six new luxury residences.

So, Boston shoppers—be on the lookout for all these changes and new retail locations!! We are sure there will be some surprises in store for us in the coming year, and can’t wait to see who joins us here on Newbury Street.

Where to Start the Real Estate Search

Tuesday, September 11th, 2012

We're dedicated to finding you the right home

Where can you start your real estate search? Today there are just so many possible starting points for finding the right home. You might be confused and feel as if there is a right or wrong way to go about finding a home, but really there are many options and for the most part they’re all ok. So here are some different resources you’ll need when you begin the home search.

1. The Internet: Yes, this would seem to be common sense, but start looking online at homes. Get an idea of the price range you have, and what that price range will buy you. This is a really simple, no pressure way of gauging the market and getting a feel for what you like or don’t like without any commitment.

2. An agent: Agents are your greatest tool. Having an agent will make your life considerably easier. They can find homes that fit your criteria and help you better understand the home buying process. They’ll let you know what you should be looking for and how to go about finding the perfect home. Your agent also will ensure that you’re seeing plenty of homes, giving you options and allowing you to see properties you may not have found while doing a Google search.

3. Open Houses: Open Houses are an opportunity to see homes up close. You can really imagine the way the place would look with your furnishings and how you would feel living there. You can decide if the “view” described online is really the “view” you thought it would be. Don’t hesitate to ask your agent about open houses or scour newspapers and the web for more information.

If you need help with finding any of these three things, please contact us at The Charles Realty. We have purposely designed our website as a tool for our clients and those looking to buy, sell, or rent. And of course our agents work hard to find you the right place, we’re always happy to offer advice and take you on any showings!

Fall in Boston

Tuesday, September 4th, 2012

Boston foliage is on its way!

As we head into the fall in Boston there are some different things going on. Just to recap a little bit and refresh ourselves I wanted to highlight some of the things we have to look forward to this fall.

Of course to begin with, for those that are renting, September 1st was the big day in Boston. A majority of the city leases on a September 1st to August 31st cycle. This means that on the last day of August those that did not renew their lease need to move out of their current homes, packing everything up and handing in their keys. Then when September 1st rolls around the keys are given to the new tenants and it’s move in day! As many of you may already know, move in day can be utter chaos in Boston. It also doesn’t have to be. There may be cars parked in the middle of streets and moving trucks outnumbering taxis for a day, but as long as you’re organized and methodical and you put a little bit of time aside, you should be ok.

At The Charles Realty we got all our keys and move in packets ready to go and everything ran very smoothly. If you still have questions regarding your move in we’re happy to help you answer anything. We know it’s been a stressful few days, but we want to help in any way possible and make the transition easier for you.

In other news football season is starting up soon, and the Patriots look like their prepped for a great season. We’d love to hear about ways you celebrate NFL Sundays in your home. Whether you have a home theatre or if you plan parties for your friends, please share your stories!

And of course we still have a bit of time, but as we head in to fall we can look forward to seeing the foliage as the leaves change into their beautiful oranges, yellows, and reds. Places like the Boston Commons and the Public Garden will look gorgeous within the next month.  We can only imagine what the view will look like from places like Le Jardin or Heritage on the Garden.

It’s been a spectacular season, we were happy to see the market pick up and enjoyed working with our clients. Thank you to everyone who helped make this a great summer!

Decorating a Nursery

Friday, August 17th, 2012

I’ve been reading through our old blog posts, and I was also thinking about reasons why people decide to move and sell or buy new homes, and it hit me… expanding families are a major reason why people move.  However we’ve never addressed this!

So once you have your new home, it’s time to start thinking about a nursery and creating the perfect room for your child. I’ve rounded up some tips and ideas to help with decorating the exciting new space:

-As we all know, nurseries and all baby colors tend to be pastles, calming and reassuring, but this is actualy because babies can only see in black and white. As their eyes develop the next color they can see is red, but bright colors can be confusing and unsettling to them, so sticking with light yellows, baby blues, and gentle pinks is your best bet. They’re subtle and calming color schemes to help your baby rest.

- Chalkboard and whiteboard paints are a great way to add something a little different to a children’s room. Although a nursery may seem a little young, often times you need a room that they’ll grow into and having a chalkboard wall or whiteboard dresser can make the room a fun and interactive place.

- Wall decals of simple things like trees or cute animals can spruce up a space and make for easy redecorating with age. Picking a gender neutral color and putting up wall decals will allow for the room to evolve. In the end you just have basic painted walls but you can change out the decals as your baby grows up or even if you decide to switch rooms around you won’t have to worry about the paint job.

-In the end a nursery is a room for your child to grown and learn in, and lots of growing and learning means lots of dirt and messes, so try to make as many items and surfaces in the room washable. Consider what things can just be sprayed down or tossed in the washing machine and what things would take a bit more cleaning to maintain.

I hope these tips are helpful as you begin the exciting journey with not only a new home, but a new family member!