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Boston Real Estate Blog

Home Selling Myths

Boston Apartments for Sale

Like any industry, there are many myths that surround the real estate market, especially when it comes to home selling. Many individuals have different beliefs and advice for successfully selling homes. This results in many myths about the best ways to sell a home quickly and effectively. Below, Boardwalk Properties offers advice on the most common myths surrounding home selling.

Myth: Always set the price of your home high.

  • Many homeowners feel that they need to set the price of their home high in order to leave room for negotiation. But, more often than not, this plan will backfire. This will discourage potential buyers from even viewing your home in the first place. In addition, overpriced homes will typically stay on the market for longer periods of time. If this occurs, many potential homeowners will wonder if there is something wrong with the home that is preventing its sale.

The moral of this myth is to always set a fair price on your home. This will prevent you from dealing with a multitude of issues when selling your home.

Myth: You do not need to invest a lot of time, energy and money into preparing your house for the market.

  • This is absolutely not true. In order to make your house appealing to buyers, do all that you can to prepare to put it on the market. Make sure the yard is manicured. Clean all clutter from the home. Stage the rooms with appealing furniture. Paint the interior and exterior if it is looking dull. Do all that you can with the resources you have in order to make the house look its best.

Myth: You will pocket more money if you do not use a realtor.

  • This is only sometimes true. There are times when homeowners profit from selling their homes independently. Yet, most times a realtor will actually help you to earn more money than not using a realtor at all. Though you will have to pay for realtor costs and fees, you will most likely make more money from a house sale in which a realtor is involved. Reputable realtors are familiar with the surrounding housing market and can provide you with invaluable advice when it comes to selling your home.

Myth: Selling a home is easy, as long as it’s a nice home.

  • Unfortunately, many homeowners fall victim to this myth. Selling a home is the furthest thing from easy. It requires patience and persistence. You will have to prepare your home and deal with many potential buyers coming to see your home at a short notice. In addition, you’ll have to have persistence, as there is typically a good amount of rejection involved.

There are many factors which homeowners are not able to control in regards to selling their homes. A few include location of the home as well as the current housing market. The best advice when it comes to selling one’s home is to maintain positivity and patience throughout the process.

Tips for Finding the Right Apartment

Best Boston Apartments

Whether you are looking to move to a new city or town or simply relocate within the area, finding just the right apartment is important.  Boardwalk Properties knows how overwhelming the search may seem.  By following a few simple suggestions, finding the perfect place to live can happen more easily than you thought.

1. Choose a price point.

Apartments come in all shapes and sizes, from the most basic to the most elaborate.  Decide how much you can afford and are willing to spend on rent each month.  Stick to listings that are within your budget.  Keep in mind that apartments closer to the Boston tend to run more expensive than those a little further away.  Once you have set your budget, decide what amenities are important.

2. Know what you want.

Know what features are important to you and your lifestyle.  Are you looking for a one-bedroom place for just yourself, or do you need more bedrooms for children or roommates?  Do you have a floor preference?  Are certain features, such as a gym, pool, or tennis courts, part of your requirements?  Search for apartments that suit your needs.  Don’t waste your time on listings that don’t meet your basic requirements.

3. Check out the area.

Once you have chosen some possible locations, check out the surrounding areas.  Do your research about the neighborhood to make sure that it fits your criteria and you would feel comfortable living there.  See what amenities are nearby.  How far is the grocery store?  Are you close to restaurants and shopping?  Or if you prefer a vibrant neighborhood, are there busy roadways nearby?

4. Meet with the property owner.

Take time to meet with the property owner and discuss the apartment complex and its features.  Ask any questions that you have about things that are important in making your selection.  If you have children, where is the local school and is there somewhere for them to play?  Is parking an issue?  How long do the apartments usually remain available?  What utilities are included?  These are all important things to consider before you choose to rent.

5. Talk to other residents.

If possible, talk to others who currently live in the community.  What do they like about it?  What are their concerns?  Would they recommend it ? Get a feel for who lives there and if it is a good fit for you.

6. Read the lease carefully.

When you are ready to sign a lease for an apartment, read it carefully.  Make sure you understand the rules and regulations that you are to abide by.  Ask questions about anything that you might not understand.  Find out what you as the renter are responsible for, and what the leasing company covers.  Check into additional fees if any that might be charged by the landlord to the tenant such as: parking, trash fines or breaking your lease.

Use all of the resources available to you to find the right apartment.  Do your research and find a place in which you are happy living and that offers the features that are important in your life.  Finally, take time to explore and enjoy all that your new apartment and community have to offer.

Preparing a Home as a Rental

Homes for Rent Boston

Preparing your home as a rental is never easy. It requires a great amount of resources including time, money and energy. But, the outcome is extremely beneficial. Whether you are renting out your entire home or a portion of your home, it is important to take the proper precautions before accepting a lease. Online resource, Rent Boardwalk offers advice on preparing homes for rental in order to receive the ultimate pay off.

Before you decide to put your house on the market, make a list of all the things that need attention around the home. Many times homes need a facelift in terms of household appliances. In the Greater Boston area, there is a high demand for rental properties that have been updated with modern amenities. Before renting, make sure to check or modernize these household appliances, or call a professional to do it for you:

  • Refrigerator
  • Sinks (bathrooms and kitchen)
  • Washing machine and dryer
  • Air conditioning/heating units
  • Electrical outlets

In addition, make sure there are no safety issues in the home including leaks, mold problems,

Decide whether you are going to rent your home furnished or unfurnished. Regardless, you will probably want to wait to take the furniture out of your home until after you show it to prospective renters. This way, they are able to see the space with furniture rather than as a sterile, empty house or apartment.

Decide how long of a lease term you are willing to accept. If you are going out of town for work for at least a year, set the lease term as one year. Over 66 percent of all leases in the Greater Boston Area on the 9/1 yearly rental cycle. Make sure you work with a professional real estate agent that gets your property on the best leasing cycle that will maximize your rent roll. Timing and details matter. If you are not sure of your plans, set shorter lease terms so that you have flexibility to return to your own home.

Make sure your home is staged well when potential renters come to see it. It should try to look immaculate so that individuals are not turned off by uncleanliness. Make sure to address the exterior of the home as well. If the grass is overgrown, make sure to mow it before potential renters arrive.

Always do a background check on an interested renter. Make sure your renter has sufficient funds in order to afford the rent each month. Also, make sure the renter does not have a history of late payments. This reflects poorly on an individual and usually warns homeowners not to rent their homes to individuals who are not financially responsible. Make sure the interested renter will uphold respectful habits so that your neighbors are not bothered by their actions.

If you plan to rent your home furnished, make sure to remove all valuable items including family heirlooms, jewelry and important documents. Take these items with you to your next destination or put them in a storage unit if you feel comfortable doing so

Draft a rental agreement that incorporates all of your rental terms. In the agreement, make sure to include agreed rental costs. Seek professional real estate companies that use the best lease and addendum possible to make sure you are broadly covered on a wide range of issues. This is essential to ensure the rental process goes smoothly.