For years Boston has attracted Millennials with it's abundance of highly ranked colleges and universities, and it has retained them with a thriving job market and renowned cultural appeal.  Real Estate in Back Bay, The South End, Beacon Hill, Downtown, The Seaport, Dorchester and South Boston is particularly attractive to Millennials, because homes here offer a social and convenient lifestyle not found outside the city.  Therefore it's important for the sellers of homes in these neighborhoods, and also for builders looking for land to develop residential buildings, to understand the preferences this target demographic.  Our friends at Sky Five Properties put some research together that we thought would help give some insight into this growing population of home buyers.  To help us understand what Millennials are looking for in Boston Homes.  

What Millennials are Looking for in Boston Homes

Millennials are spreading their wings and finding their way in this big, big world and doing so in a way that truly affects the local real estate market. Part of that is moving out of their parents’ house and into a space of their own. And although they are known to spend their money on experiences, adventure, travel, good food, and fun, they all need a place to rest their heads at night. Boston is a popular city for millennials for obvious reasons; the culture, a thriving job market, the art, the food, the big city feel, the public transportation, the coffee shops and sidewalk boutiques and access to one of the most sought after universities in the country. When moving to Boston, millennials are looking for a few key things in a home or apartment that are non-negotiable. When it comes to real estate, there are a few things your home needs to have in order to attract these tech-savvy, environmentally conscious, global-minded, entrepreneurial, social media addicted go-getters. 

The ability to connect- For most millennials, staying connected is a priority. They usually have a multitude of different devices plugged in at one time, and having them charged and ready to use at any moment is important. Built in office spaces, conveniently placed outlets, and other features that allow them to plug in quickly and easily are important for this generation of homebuyers. They’ll ask questions about Internet and cell service in the area, so make sure you have the answers for that. 

The option for fitness-  Millennials tend to be a more health conscious generation than those before them. Health and fitness are important to them, so a place to work out is a definite plus when looking for a home. An exercise space in the home is usually a perk, but being close to a local gym, running path or hiking trail can also peak a millennials interest.

A place to eat-  Millennials are brave and open-minded when it comes to trying new foods. They appreciate a diverse range of foods and are more likely to spend their money on a cool new local restaurant than a typical fast food chain. And because they love food, they need a place to cook it in. A modern kitchen is a must for this generation. Contemporary appliances, stylish décor and a place that feels comfortable and spacious is a must. The kitchen has become a popular place for hang-outs and get-togethers, so this room of the house needs to be updated, open, stylish and convenient to really wow them.

An outdoor space- Whether it is a small patio that they’ll convert into a Zen place to do yoga or a large backyard where they will grow their own vegetables, millennials appreciate a private place outside to get some fresh air. They appreciate a balcony, a patio or an intimate front porch that they can unwind on after a busy day. It’s not about the size of the space for millennials, it’s about the opportunity to get outside to recharge and relax, sip some good wine with friends, read a good book, write, check emails or hang out in a hammock. 

Because they typically enjoy travel and put value in experiences over material things, many millennials rent a home or condo before they buy, (more about that here). The idea of spending a lot of money or time in one place may not fit with their lifestyle, so renting gives them a little more freedom in that department.

Say what you will about millennials, but one thing is certain: Millennials moving to Boston for their first adventure on their own have a specific set of requirements that must be met before they will commit to buying a home. By making a few of these changes, your home could become the dream home for enthusiastic, energy efficient, progressive, nomadic, multi-taskers who are taking their next big step in life. 

For more information about the Boston real estate market, contact one of our experts, 617-236-0353.

 

One of the Most Up-and-Coming Neighborhood in Boston

Although it was once essentially an Irish Catholic community, recently South Boston has become one of Boston's most up-and-coming neighborhood. "Southie" has become increasingly desirable among young professionals and families attracted to the community and easy access to public transportation.

South Boston is also home to numerous film shooting locations including Good Will Hunting, Mystic River, The Departed, Gone Baby Gone, and more. Recently "Southie Pride" was more illuminate than ever when people from all over flock to the neighborhood to enjoy the South Boston St. Patrick's Day Parade.

In addition to the parade, people come from all over to enjoy the neighborhood's scenery and rich history. Castle Island, a Revolutionary War-era fort and 22-acre park that is connect to Boston is a big part of South Boston's breathtaking waterfront views. South Boston is also home to the Boston Convention and Exhibition Center, The Institute for Contemporary Art, and additional waterfront buildings.

Some restaurants include: Morton's The Steakhouse (Steak): 2 Seaport Lane Strega Waterfront (Italian): 1 Marina Park Drive Menton (French): 354 Congress Street Rosa Mexicano (Mexican): 155 Seaport Boulevard

Some bars & pubs include: Shenanagan's Irish Pub: 332 W Broadway Stats Bar and Grill: 77 Dorchester Street Murphy's Law Bar: 837 Summer Street

Be sure to let us know your favorite spots in South Boston by commenting on our Facebook! For more information on South Boston, feel free to message our Rental Agents directly at our new rentals Facebook page, Charles Rentals.

For South Boston listings please visit our website http://www.thecharlesrealty.com/.

Sources: https://www.cityofboston.gov/neighborhoods/southboston.asp southbostontoday.com

2014 is upon us, and with it comes numerous lease openings in the Boston area. While people may find many reasons not to rent, but in today's day and age renting is something that should considered for the New Year. Below the Newbury Rentals team has come up with some reasons to consider rentals on January 1st.

More financially safe than owning a home

The economy has greatly influenced the housing market, and now is a better time than ever to rent. One of the largest costs avoided when renting is the mortgage. Not only is the cost of a mortgage avoided, but also the stress of large payments or having to remortgage. Other big costs avoided are property taxes, Homeowners Associate fees (doesn't apply to all), and homeowners insurance.

In addition, when renting you avoid the responsibilities of buying or selling a home. Another upside to renting is that it allows for people to save up money, pay off loans, and spend money elsewhere. In some cases renters today are renting more than one home allowing for them to have a vacation spot.

Access to urban conveniences

The majority of rentals are found in urban areas, which usually means everything is in a mile. Many necessities are within walking distances in urban areas. Not only are there numerous stores within a close proximity, but also many stores in cities cannot be found in suburban areas.

Some rentals have luxuries

Many luxury buildings and apartment complexes offer a pool, gym, and other amenities. It can come in handy especially in the cold winter months when any imaginable luxury is accessible right in your own building.

Less upkeep

There is far less upkeep involved when renting. Someone else does all the repairs when renting, a landlord or someone they hire will take care of repairs and replacements. When something breaks and it's in the contract that the landlord will fix it, then they are required to do so.

Social scene

When more than one tenant are living under the same roof, rentals themselves become great places for a social life. Rentals in urban areas are also close to some of the best nightlife spots, including bars, clubs, and restaurants.

For more information on rentals, feel free to message our Rental Agents directly at our new rentals Facebook page, Newbury Rentals or check out our site!

Sources:

10 Reasons To...

Top 10 Reasons to Rent Rather Than Own

6 Reasons to Rent

Whether this is your first Boston winter in the new apartment or just looking to battle the challenges of living in the city during gargantuan snow storms, we are here to give you some tips on how to make it through:

Mind the Thermostat

Yes, we know that this is the #1 word of advice from any Bostonian, and there is a reason for it.  Not only is it super energy and cost efficient to keep your heat on low when you are out of the house, but also it's just as important to get your thermostat checked out!  It's good to double check that the batteries and the thermostat itself are working properly before the real snow begins.

Beware of the Draft

Double checking that the windows lock properly and weatherstripping all windows and doors are two quick ways to combat the cold winter air.  According to the U.S. Department of Energy, cold air drafts can waste anywhere from 30% to 5% of your energy use. Rolling up towels are a quick DIY way to weatherstrip any problem doors.

Schedule an Energy Audit

Have one of the experts handle it and inspect your home to help you cut costs on your winter heating bills.  Whether you live in an apartment or a condominium, you can have your landlord contact National Grid to inspect your home and provide a full report on how to make your home more energy efficient.

Stock Up on the Basics

Flashlights, batteries, and your ice-melt solution of choice are all handy items to stock up on in the Boston weather.  It's always better to be prepared with these items on hand then to have to trek through snow banks in Back Bay for any last minute necessities.

Always Have a Backup Plan

Parking in Boston can be a nightmare on a day to day basis, then throw in a New England Blizzard and things can get really interesting.  Always be sure to have a back-up plan about where to park in case your parking spot is ever the home to a snowbank. You can talk with your landlord or surrounding parking garages about back up options.

Protect Your Floors

Even gleaming hardwood floors can take a toll from the harsh New England Winter. Take any old tray and fill it with pebbles and rocks to create a stylish and mess free place to put your winter boots to dry.

For more tips and tricks on how to make it through a legendary Boston winter, feel free to reach out to our agents about life in the city!

Sources

Winterize Your Home

24 Ways to Get Your Home Ready for Winter

You are now three weeks in to your new lease and probably finally feeling settled in your new apartment. You have probably seen your neighbors in the hallways or when you are exiting or entering your apartment building and just greeted them with a quick nod. However, now that you feel more comfortable it is time to possibly build some friendly relationships with the people that share your building, mail room, and maybe even laundry basement. Here are a few pointers for meeting new neighbors!

• Remember to smile
• Don't be afraid of small talk--while exiting or entering the building, in the laundry room, or in the elevator or on the stairs
• If there is one, join your building's committee--you'll definitely meet people and feel as if you have a say in the community and also be able to discuss common issues (such as issues with the landlord, etc.)
• If you're feeling bold, plan a building party---invite everyone!

You never know---after making these connections you could make a new friend, or even find a new roommate for next year!!

Good luck,

The Charles Realty

http://www.rent.com/blog/apartment-living-meet-your-new-neighbors/

http://www.apartmentguide.com/blog/?p=6211

We've already has some cold days this year! Even though it has warmed back up a bit (I promise you that this is only temporary), I can assure you that winter is coming. However, it is not too late to take some steps to prep your home for the cold months ahead.

1. Give your boiler a check up

Whether you like it or not, your heat is going to get turned on soon (if it hasn't been already). It's a good idea to get your boiler tuned up. It could add years to its lifespan! If nothing else, the filter should be changed between cooling and heating, which is not a difficult task!

2. Inspect chimneys!

Now is the time! Do not wait to have them inspected or cleaned if you use your fire place regularly throughout the winter.

3. Weatherstripping

If you're like me and live in an old building in Boston, you can actually feel the cold air blowing into your home from underneath doors and around windows. Get some floor snakes to go under your doors, and purchase some products to seal up your windows. Not only will you save money on heating, but you'll be so much more comfortable when it starts getting really cold!

4. Prevent ice damns on your roof!

"Seal air leaks. Shutting down air leakage is probably going to have the biggest effect, and it's the kind of thing you can do incrementally. The second would be adding insulation. If you have R18 insulation value, turn it into R36. This is where your energy audit will be helpful. And the third is making sure your roof is vented properly, if your house is designed to have a vented roof. Make sure your soffit vents aren't blocked, your gable vents are open." (Source)

5. Order a home energy audit

If you've been putting this off, now is the time to do it. They use an infrared gun to monitor heat leakage, and the process is so much more successful when it's cold outside. The results could help you save money and stay warmer this winter!

6. Prepare an emergency kit

Collect a flashlight, batteries, matches, food and water in case of an emergency. Also, collect the phone numbers of your local utility companies and tape them somewhere safe!

Let us know if you have any other suggestions to keep everything and everyone safe this winter!

Source

Source

This photo, submitted to Boston.com by John Harrington, in evidence that Irene was very present in the Back Bay. I hope that everyone who has been affected by the hurricane is recovering well. The first death in Massachusetts caused by the storm was reported this morning. Our thoughts go out to his family. It will be a team effort to recover from the storm, but after a disaster like this we can rebuild. Please share your hurricane stories with us, we'd love to hear them.

The vacancy rate in rental units is down lower than it has been in the Boston area since the end of 2002.

"Boston-area rents are hitting new heights - with the median price recently reaching $1,665 a month" (source). Perspective-tenants are scrambling to find affordable places for September 1st. We hear stories of some landlords taking advantage of the desperation and hiking up rents, and of others requiring extreme items from possible renters in order to consider them.

Here are some tips to navigating this tough rental market:

1. Work with a rental agent.

While it means sometimes paying a fee (typically one month's rent), working with one agent who can scour MLS and exclusive rental listings that are not on Craigslist will very  be helpful to you. Plus good rental agents have relationships with landlords, and if you have them to back you up as a good fit for the unit, then you stand a much better chance of getting it! A good rental agent can also help you understand your lease, etc. and walk you through the complicated process of renting an apartment in Boston.

2. If you do want to do it on your own...

Search the listings by owner on Craigslist. If you can get a floor in a single family, you could save a lot of money, and a lot of headaches if your landlord shares a wall with you. If Craigslist comes up short, go to the area you're wanting to live in and look for "for rent" signs in the windows. Just because it's not online, doesn't necessarily mean it doesn't exist.

It's hard out there, but perseverance and sacrifices are necessary if you want to find the perfect rental unit for September! Good Luck!

Much has changed since Whitey Bulger left Southie. Boston.com says that he "would hardly recognize the neighborhood where he grew up." It's true. The gentrification of the neighborhood is occurring quickly. While it is still sometimes regarded as the most dangerous or inexpensive place to live in Boston, it is quickly changing. It now hosts cute boutiques and some seriously expensive real estate. For example, Broadway used to be home to this:

The site made famous thanks to The Departed and infamous for being a cover for Whitey Bulgar's many "paybacks," used to set the tone for a crime-ridden area that now, some 15 years later is home to this:

This is the newest addition to the area: Local 149. South Boston is certainly in the process of undergoing some changes and from what I've read, many people believe it's for the better. How do you feel? Do you think that Southie is loosing its roots?

(photos are from Boston.com)

Are you renting?

It's the time of year when students are busy finding rentals for the fall, and as the apartment search continues, keep in mind that drab walls and boring spaces are easily remedied!

Here is a list of 5 simple things that you can do to improve your space as a renter, that you might even be able to take with you when you move.

1. Don't be afraid of a little color!

Most places will let you paint the walls of where you're renting. Paint is inexpensive, and if you just devote a day to changing a wall from cream to blue or red the difference will be astounding. If you're limited on natural light or your space is small (aka most rental units in Boston) then avoid dark colors. On a paint swatch, chose on of the top three shades. Trust me, they may look too light on the sample, but on your wall, it will be just fine.

Other ways to incorporate color are awesome area rugs! Urban Outfitters has great ones for inexpensive prices. Throw pillows, shower curtains, decorative vases (or recycled bottles with nice flowers), fun lamps and for a little more money... a statement chair or sofa! Adding a splash of color to a sea of neutrals is so key.

2. Hang things up!

It's amazing what thumbtacks can do. Anything from cool bedsheets to scarves can be used to jazz up your space. If your landlord doesn't want you to paint then this is ideal.

3. Turn on some lights!

Especially if it is a garden level, or doesn't have a lot of light, definitely put in as many light sources as possible. You might have to get creative if you have a limited number of outlets, but extension cords and power strips are simple to hide. Plus, then you get to play with lamp shades and cool lighting units. Definitely get creative here!

4. Mirrors are your best friend!

Nothing opens up a space like mirrors! Mirrors of all shapes and sizes are so crucial. In my apartment, we have a big mirror above the TV and a floor to ceiling mirror by the door, a vanity sized mirror on our bookshelf and a round mirror above our table. That's 4 big mirrors in a small Beacon Hill living room, and I cannot tell you how much it opens up our space! Get creative with painting the frames of the mirrors. If your on a budget, second hand mirrors from garage and estate sales can be easily repainted to fit your space. Just be sure you put newspaper down on your floor before you get down and dirty with your painting project!

5. Change your knobs!

Cabinet pulls, door knobs and fan pulls are often little forgotten details that could easily wake a space up. Anthro is one of my favorite places to look for fun things like this, but just a simple change in the kitchen such as cabinet pulls will provide a wonderful change in look and feel.

I hope this helps! And happy apartment hunting Boston!!

(inspiration: http://on-msn.com/hGBLEG)