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Is Buying a Condo Good Investment?

With a growing number of new developments, there are more and better condos for sale in Boston. They buying a condo in Bostonseem like a lucrative investment, but it’s worth evaluating this option in greater detail before you go for it. Here are the essential factors that you need to consider.

Building Equity

Traditionally, condos have been known for increasing their value at a lower rate compared to single-family homes, but this trend is reversing. Among the main reasons for this is the growing demand for smaller and more affordable homes which come with exclusive community amenities like security, children’s playgrounds and sports facilities. This is especially the case in bustling cities like Boston where there are many stronger selling points of properties than space, with perhaps the most notable one being location.

Rental Potential

You don’t have to be a real estate expert to come to the conclusion that condos for sale in Boston have a huge rental potential. The population of the city is constantly on the rise with many young professionals flocking in to work in the healthcare and other growing industries. Condos are much more appealing to this segment of the rental market compared to single-family homes primarily because of the factors mentioned above – location and amenities.

The other major factor which you have to take into account is that demand has traditionally exceeded supply in the Boston rental market and this trend is expected to remain in the long term. This naturally pushes rental prices up and the inventory is practically always low. This results in high and stable rental income and extremely small, if any, gap periods during which you won’t be generating income.

Challenges to Consider

Perhaps the major challenging factors when it comes to buying a condo is the association fee which the owner has to pay for the maintenance of the common areas. It may add considerably to the property expense ratio which lenders take into account when reviewing mortgage applications. This, in turn, can make it more difficult for you to obtain the loan amount that you want at the most affordable interest rate. Your best bet is to do calculations to get your financial position sorted out. In general, you should always include the association fee when determining the total monthly expenses of condo ownership.


Should you invest in one of the condos for sale in Boston? The city is among the 20 best places for real estate investment in the United States in 2017, with home prices marking an increase while still being undervalued.

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How to Maximize Storage Space in Your Apartment

The reality is that modern people have lots of stuff and even those living in luxury boston apartments with a good amount of storage space are eager to get more. This is perfectly possible even if you are living in a one-bedroom rental or in your very own studio. You just have to be creative. The following tips and tricks have been proven to work.

Shelves Are Your Best Friends

Consider adding more to your closet and in the living room and bedroom and even the kitchen. When you buy bookshelves and cabinets, go for taller models. The addition of shelving is the most effective way to maximize storage space, especially in a tight apartment.

Get Furniture with Storage

In the living room, you can use ottomans, coffee tables and even couches with storage space. Take advantage of such pieces of furniture. You should not expect the integrated storage compartments to interfere with the comfort or aesthetics which you would expect to get. You can also opt for beds with drawers. Alternatively, if there’s free room under your bed, then get beautiful baskets in a matching style that will fit underneath and make full use of them. The situation with desks is similar. If yours doesn’t come with a chest of drawers and/or shelves, add them yourself.

Use Racks in Your Apartment

A coat rack may not seem like a big space saver, but it’s convenient for keeping bulky coats and jackets so you have more room in your closet. You can also use racks in the kitchen for hanging towels and cooking tools. The bathroom racks are also extremely functional. You can easily find models which can match the style even of the most modern luxury apartments Boston.

Be Creative and Bold

Some of the most unusual solutions for maximizing storage space actually work astonishingly well. If you have an old fireplace in your apartment, which you don’t use for getting warm during cold New England evenings, it can be turned into storage space. You can keep books and/or boxes with various types of items in it.

Another fabulous option is to set a not particularly deep, but tall bookshelf right behind your bed. This is how to get more functional space in addition to what your nightstands offer, if you have any. You can use the shelves for keeping books, cosmetics and anything else that could be useful to you.

To take full advantage of the ideas for maximizing storage space in apartments shared here, apply them directly or use them as inspiration to keep your space in order.

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Choosing Accessible Apartments for Rent in Boston

When considering different apartments for rent in Boston, there are always two important factors to consider in addition to the size, layout and amenities of the unit. These are the location and the commute. It’s great to be able to get to work or to your favorite restaurant in minutes without having to hop in a car or use the public transport. However, this opportunity comes at a price. That is why it is worth looking at the various rental options which you have when it comes to accessibility.

Getting Around Using Public Transport

The MBTA public transportation network includes the subway, which is popularly known as the T and has 3 lines, 14 commuter rail lines, 112 bus lines and 3 ferry lines. The majority of neighborhoods in Boston are covered by the subway system. The ones which are further away from downtown have commuter rail transportation. The bus system is very extensive with its main role being to cover the areas which don’t offer walking distance to the T or railway stations.

When looking at apartments for rent in Boston which are further away from downtown, you should always check how close the nearest T or railway station is and how you will be able to reach it. Since parking space near the stations can be an issue, this is another important factor to look into.

Walking and Biking

You will certainly be happy to discover that Boston is the 3rd most walkable of the largest cities in the United States. Still, if you want to be able to walk to work and to the top entertainment spots in the city, you will need to consider centrally located rental apartments.

Boston is covered with bike lanes and their number and length is constantly growing. The number of places for parking your bike near a T station or a railway station is on the rise too. If you love biking and want to get exercise every day, you should definitely check out a map which indicates the locations of the bike lanes when searching for a place to live.

Travelling by Car

Due to the narrow and winding streets, especially in the central part of the city, the well-developed public transportation network and the growing number of bike lanes, ever fewer Bostonians choose to commute by car within the city. If you prefer this option, however, you should always check what the situation with the parking is when comparing different apartments for rent in Boston. Older buildings do not typically have designated parking spaces for residents.

It’s always a good idea to take accessibility into account as one of the most important factors when choosing a rental apartment.

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Make Your Apartment Feel Like the Ritz

If you don’t have a few million to splash on a home, this doesn’t necessarily mean that you can’t turn your place into an elegant and luxury retreat. With a few tricks and creative ideas, you can feel as if you are living at Ritz Carlton Boston. Let’s get started.

Consider Spoiling Upgrades

Crunch the numbers in to find out how much money you can afford to spend on adding luxury to your home. It makes sense to start with major, but not extremely expensive upgrades. Some of the options include a glass enclosure for the shower, a bath tub, granite countertops for the kitchen and matching luxury bedding and curtains for the bedroom.

Clever Organization for Avoiding Clutter

When you enter a luxury abode, you cannot help but notice how immaculate everything is. It seems as if every member of the family has a maid going after him or her and tidying everything. You can achieve this kind of perfection by making the storage space in your home better organized.

Make use of wall and corner space by installing shelves or tall cabinets. Use organizers inside the closet. If you are buying coffee tables, consider models that offer storage space. One very clever trick for avoiding clutter is to keep baskets on the shelves. There you can place anything that you want and even if it’s complete mess inside, no one will be able to tell.

Creating Extra Comfort

When you think about how living at the Ritz Carlton is, the big amenities come to mind first. However, there are also smaller and less expensive ones that can make you very happy. You can readily set up a small bar fridge next to the TV in the living room, so you will always have direct access to refreshments. You can also opt for an armchair or chez lounge to keep in the corner with an elegant free-standing light. There’s your perfect reading corner.

The Small Things Count

Even if you have a very limited budget, you can still give your place a luxury touch. Invest in a beautiful soap dispenser set and aroma therapy candles for the bathroom. Get the fluffiest towels which you can find. Decorate the living room sofa and your bed with cushions. Place fresh flowers in every room. Currently, the clear vases with geometric shapes are a huge hit and there are models available at very low prices. If you are frugal, you can even consider using jars.

Try these and give your home the makeover which it needs to feel as if you are living at the Ritz.

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A Glance at 5 of the World’s Most Expensive Apartments

Unique architecture, breathtaking views and beyond spoiling luxury – these are all things that the most expensive apartments in the world have to offer. Whether you have millions to spare, looking for inspiration to decorate your own place or simply curious, you will surely find the five properties we’ve chosen to present here more than interesting.

La Tour Odeon Penthouse, The Ville, Monaco

With its current market price estimated to be around $335 million, this penthouse apartment with five floors is the most expensive apartment in the world right now. It is at the top of the Odeon Tower located in the posh The Ville neighborhood and offers 360-degree views of the Mediterranean, the spectacular coastal city and the lush hills. With 30,000 square feet of space, it offers practically anything that you could want including a dancefloor. Perhaps its most impressive feature is the waterslide which ends in the infinity pool.

Pierre Hotel Penthouse, New York City, USA

Taking up the entire floor, this apartment offers nearly 5,000 square feet of space including suites for guests and staff members. It boasts of unique antique furniture and high-end technology. Whether you prefer to stay inside or relax on one of the four terraces, you will enjoy spectacular views of the NYC skyline and Central Park. Anyone can rent this penthouse apartment for $500,000 per month, with its estimated purchase price of around $125 million.

One Hyde Park Penthouse, London, UK

The duplex penthouse apartment spreading over 17,000 square feet was sold for $237 million back to an undisclosed buyer back in 2014 and remains the most expensive apartment sold in the British capital to date. Thanks to its prime location in Knightsbridge, residents have quick access to Hyde Park and Harrods, but who’d want to go out when they have an ozone pool, golf stimulator and spa center at their disposal?

Opus Apartment Penthouse, Hong Kong

With an estimated price of $66 million, this apartment takes up an entire floor – nearly 5,500 square feet of space. It offers spectacular views of the city’s skyline and harbor while being set on a green hill. It has its own swimming pool and a private rooftop spreading over 1,500 square feet with a jacuzzi.

Millennium Tower Penthouse, Boston, USA

Recently sold for $33 million, this is the most expensive of all Boston luxury apartments to date. It offers 13,000 square feet of space and a 360-degree view of the city thanks to its floor-to-ceiling windows. Among the most spoiling features are the heated marble floors in the bathrooms, 24-hour concierge service and a private club for the residents.

Finally, it’s worth pointing out that you can find Boston luxury apartments for sale at very competitive prices if you know where to look.