When leaving the suburbs for to live in Beacon Hill, buyers sometimes confuse lofts and condos. To help during the search, here is a brief comparison of the two.
Condos
Condos, or condominiums, maintain nearly the same design as a single-family house with divided and dedicated rooms, like the living room, kitchen, and bedroom. Typically, Boston condos are newly built and have property amenities such as exercise centers, pools, security, and a concierge. Beacon Hill condos for sale also usually have a patio, balcony, or a small yard. Condo owners are members of an association, with extra annual or monthly costs used to maintain common areas.
Lofts
In contrast, lofts tend to be completely open without dividing walls for most of the rooms. Lofts originated as industrial spaces that were converted into living spaces above a warehouse or similar facility. Today, however, many lofts are built specifically as a housing unit. Lofts for sale in Beacon Hill generally have floor to ceiling windows, exposed concrete or brick, and exposed industrial fixtures such as piping. Lofts typically do not have yards or patios, though some may have balconies. Generally, lofts don’t have the same amenities as condos, although owners might still pay additional annual or monthly costs to keep up the common areas in the building.
When looking to buy Beacon Hill real estate, don’t base your decision on aesthetics instead of needs. You can always add walls in a loft, but removing walls in a condo may not always be a good idea, particularly if they are load-bearing walls. If you’ve got a better idea of what will work for you and would like to start looking at properties in Downtown San Diego, call (619) 649-0368 to speak with one of our friendly and experienced real estate agents. We look forward to hearing from you.
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Contact me to find out more about this property or to set up an appointment to see it.
John Ford, Broker
realtyford@yahoo.com
Janet Lamb, Vice President
lamb.janet@yahoo.com
Ford Realty
137 Charles Street
Boston, MA 02114
(617) 720-5454 (9:00 – 5:00 EST)
(617) 595-3712 (On Call Broker After Hours)
Beacon Hill Population Demographics
Total Population | 5,075 |
Male Population | 2,465 |
Female Population | 2,611 |
Median Age | 33 |
Citizen US Born | 4,022 |
Citizen not US Born | 594 |
Not Citizen | 460 |
Moved from Abroad | 154 |
Moved from Same Country | 626 |
Moved from Same State | 407 |
Moved from Different State | 392 |
Same House as Last Year | 3,472 |
Occupational Employment in Beacon Hill
White Collar | 3,022 |
Blue Collar | 69 |
Self Employees | 166 |
Private Companies | 2,137 |
Governmental Workers | 144 |
Not for Profit Companies | 643 |
Number of Households in Beacon Hill
Total Households | 2,532 |
Average People Per Household | 2 |
Family Households | 831 |
Non-family Households | 1,701 |
Households with Children | 304 |
Households without Children | 2,228 |
Median and Average Income in Beacon Hill
Average Household Income | $159,432.38 |
Median Household Income | $107,838.00 |
People below Poverty Level | 581 |
People above Poverty Level | 4,107 |
Housing in Beacon Hill
Occupied Housing Units | 2,532 |
Owner Occupied | 859 |
Renter Occupied | 1,673 |
With Mortgage | 479 |
Without Mortgage | 380 |
Median Value with Mortgage | $698,850.00 |
Median Value without Mortgage | $916,950.00 |
Median Housing Costs per Month | $2,286.00 |
Beacon Hill Education Statistics
No High School | 37 |
Some High School | 448 |
Some College | 339 |
Associate Degree | 94 |
Bachelor’s Degree | 1,733 |
Graduate Degree | 1,764 |
Never Married | 2,381 |
Married | 1,759 |
Separated | 34 |
Widowed | 101 |
Divorced | 346 |
Means of Transport to Work in Beacon Hill
Car | 566 |
Bus or TrolleyBus | 148 |
Railroad | 88 |
Bicycle | 73 |
TaxiCab | 22 |
Walk | 1,484 |
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