Purchasing Real Estate in Boston with $500k

Alright then. You're ready for a new place in Boston and have $500k to get one. Now it's time to figure out what part of Boston to live in. It's common knowledge that living outside of downtown will save you money. Downtown Boston might not be suitable for you if you want to live someplace large, such as a house instead of a flat. Consult with a real estate agent and look at Malden, Jamaica Plain, or Cambridge. Hire a real estate agent and discuss areas like Jamaica Plain, Sommerville, or Revere. Then again, if you want to live in the most hip areas of Boston, continue reading.

Hip parts of Boston means looking at condominiums. Talk to your real estate agent about Back Bay or Beacon Hill. There's an upside and downside to both options. Condo fees are one of the first things to discuss with your real estate agent. Some units come with high fees while others have a very low fee, depending on the property owner. Make sure fees are a part of your budget. Go to Bostonpads.com here.

A benefit of owning real estate in downtown Boston is that the purchase is a safe investment. If you come across a nice and modern unit, you might be in for a fortune. Why? Why is this? How can this be? Think about renters. Learn more at Bostonpads.com.

If you are the owner of a downtown Boston property, you are involved with one of the biggest rental markets in the New England area. With investors constantly looking to buy and renters looking for a temporary place to stay, the housing demand in Boston increases and makes prices high.

In order to find the best areas to make a purchase in, talk to a real estate agent. They'll immediately tell you to check out Back Bay. They will narrow it down to the areas that are located between two streets: Marlborough and Commonwealth. Brownstones and the mid-rise buildings of the area will do the job for you.

South End is another area you might hear about from your real estate agent. It grows in popularity each year. If luck is on your side, you might find an affordable property to buy in South End. Some will sell in only a day. This is the case if the unit is located near Tremont Street. 

Talk to your real estate agent about the Leather District if you want a highly modernized place. There are also newer places found in the Seaport.

To know where to buy with your $500k, be sure to check in with a Boston real estate agent. If you land a place in a hip part of the city, you'll be content.