Buying a Boston Condo in “New Constructions”April 6, 2013
Given the fact that there are umpteen new construction projects in the Boston Metropolitan area, it’s good to think about your options. It's especially smart to consider your options if you have been looking for a while and can’t find your dream home.
There are many advantages to buying a Boston condo in a building under construction. If you buy early enough before the partition walls are up, you maybe able to work with the developers and architects to create a space that fits your style. Many developers work with Boston condo buyers throughout the construction phase to make changes to the floor plan and the finishes. Depending on your budget and the desired upgrades, you can build what your heart desires in new constructions. You may have to pay more than the set asking price, but making changes in a vacant unit is much simpler than renovations afterwards.
Many buyers are frustrated that there aren’t enough large units available to their liking on the market. In terms of size and square footage, new construction buyers have more liberty to get the number of bedrooms they need by combining adjacent units. It’s good to keep an open mind when looking at buildings under construction. I've seen buyers purchase several units (either up and down or side by side) and create the necessary space to meet their needs.
When shopping for Boston condos, don’t leave any stone unturned. I encourage you to explore all possibilities and visit new neighborhoods that were not even in your sphere of search. The city is expanding rapidly and Boston is not just Back Bay, Beacon Hill, South end and the Waterfront any longer. There’s a whole exciting world out there that you need to learn about.