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Buying new construction condo 5 mins from Boston, 2 bds, 2 bths, 2 pkg near the T. $300K. Good investment?
My boyfriend and I are in the process of buying a brand new construction condo in Malden, MA, off of the train line five minutes from Boston. It's a 2 bedroom, 2 bathroom, 2 parking spot (one garaged) condo with 18 units in the building. It's in a nice area, but we are first time homebuyers and are obviously nervous about the purchase. It seems like a good investment at $300,000, but I wanted to hear other peoples' opinions. Other info on the property - it's on the third floor (top floor) in the corner (although windows are only in one direction because there is a stairway to one side - not the main stairway). The building has an elevator that comes off of the garage. The living room is huge. The kitchen is granite and stainless and there is a small dining room and small closet area for a washer/dryer, which are included in the price. There are hardwoods in the main areas, tile in the bathrooms/kitchen/dining and rugs in the bedrooms. The unit is 1170 sq/ft. Is this a good investment?
doesn't seem bad for the boston area. what incentives is the seller offering, how does this compare to other condos in the area. negotiate for some upgrades or help with closing cost, price discount. its a buyer's market - take advantage of it.
good luck!