There are 2 factors to consider when evaluating investment condos:
1) Price per square foot relative to the area – Some projects sell above market value with the hope of the market catching up. Do your due diligence and analyze the local area to understand what resale condos sell for versus pre-construction project prices
2) Demographics/Affordability – As millennial’s grow older and settle down, their needs will grow from 1 bedroom to larger spaces and more bedrooms. Increased demand equates to strong appreciation and higher rental prices. Positioning your investment for future needs is key when building your long term wealth via real estate.
SEARCH BOSTON CONDOS FOR SALE & RENT
