The Best Home for You Cambridge MA

The perfect home in Cambridge, the one that you imagine in your mind, is a great image. However, it is an image that is not all that simple to create. There is no perfect home because all homebuyers have different wants and needs. Some people have families, others are single; some want to have a swimming pool, others do not.

CARU Associates
(617) 234-0301
620 Massachusetts Avenue
Cambridge, MA
 
Rotterdam Realty, Inc.
(617) 733-3226
162 Sidney St.
Cambridge, MA
 
AEGIS Property Management Inc.
(617) 876-2903
PO Box 382064
Cambridge, MA
 
Cambridge Housing Authority
(617) 864-3020
675 Massachusetts Avenue
Cambridge, MA
 
Alexandria Real Estate Equities, Inc.
(617) 661-6962
790 Memorial Drive, Suite 100
Cambridge, MA
 
Putnam Property
(617) 876-4910
22 Putnam Ave
Cambridge, MA

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Eplace
(617) 864-4600
830 Massachusetts Ave
Cambridge, MA

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Benjamin Ginsberg & Sons
(617) 661-7777
727 Massachusetts Ave
Cambridge, MA

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ABODA Corporate Housing
(617) 492-4700
552 Massachusetts Ave. Ste. 204
Cambridge, MA
 
617 Real Estate
(617) 812-1456
12 Rose St
Somerville, MA
 
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The Best Home for You

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The perfect home, the one that you imagine in your mind, is a great image. However, it is an image that is not all that simple to create.

There is no perfect home because all homebuyers have different wants and needs. Some people have families, others are single; some want to have a swimming pool, others do not. Home ownership is a many faceted ideal.

Condos, Co-ops, and Town homes
There are many different types of homes and depending on your situation, you may want to consider the following:

Single Family Detached
It can be an old fixer-upper or it can be a fantastic new home with all the trimmings. However, the fact remains that it is a starter home on its own bit of property. The great thing about a single family detached home is that you get to decide the exterior style and make your own rules (noise, etc.). But remember that you also have to do all the repairs.

Condominiums
Although condos take many different forms, they still abide by two basic principles. First, the owner owns the interior, from the walls in and a portion of the exterior (the roof and communal areas). Second, all owners pay dues to fund a homeowner’s association that handles maintenance, common-area repairs, insurance, and unpleasant surprises. For some buyers, for example singletons and couples without children, condos are an excellent choice. They usually come at a lower cost and the owners do not have to worry about maintenance, while oftentimes they still have all the desired amenities like a swimming pool. The downside, however, is that you have to share many of the amenities, there is more noise, and you will likely appreciate less when it comes time for you to sell.

Co-op
Co-op is short for cooperative apartment, but they are more rare than other forms of property and usually only exist in densely populated areas. People who own co-ops own properties similar to condos with a medium-sized exception. Owners do not own their own unit, they own a share of the corporation that owns the entire property. The corporation manages the property and deals with homeowner’s association dues, maintenance, and pays the mortgage and other bills. The positive is that shareholders get to vote on all major decision, including who gets to live their. Therefore they can prevent prospective buyers from moving in based on financial or reputation issues, though they cannot discriminate by law. However, the negative is that it may be as difficult to leave as it was to move in.

Townhouses
The term “townhouse” is a decorative title, not a legal one. These homes are entirely owned by the buyer, but the walls are shared by another home. They serve as middle ground between houses and condominiums. The compromise is that you do own the land, which comes with a yard, albeit a small one and there are amenities such as swimming pools and other facilities. However, the flip side is that there are noise, privacy, and stylistic issues. They appreciate more than condos when it comes to sell, but less than detached homes.

Detached homes, co-ops, and townhouses all have their benefits. What you buy depends on what will suit your needs best.

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