Home > Blogs > Jason Kaczmarczyk's Blog

Jason Kaczmarczyk's Blog

By Jason Kaczmarczyk | Agent in Brookline, MA
  • Rent vs. Buy

    Posted Under: Home Buying in Boston, Rent vs Buy in Boston, Rentals in Boston  |  July 10, 2013 7:29 AM  |  119 views  |  No comments

    If you are having trouble deciding whether to buy or rent, you are not the only one. This decision can be based heavily on financial considerations, but can be personal in nature as well. Since most emotional reasoning is difficult to measure (and not normally advisable for any financial investment) an analytical approach for determining your decision is definitely the best course. This is a seemingly obvious statement, but years ago achieving the "American Dream"  by owning real estate wasn't necessarily the correct decision for many. Continuing to rent might have been the right course of action (as many have learned the hard way). 

    A recent study by Case-Schiller, one of the most widely recognized and published authorities on housing data, indicated that if market conditions continue as forecasted, renting in 2013 may not be the best option for many people.

    Here is a quick snapshot of rent prices over the past 5 years.

    2009 Average rent of $1,750

    2010 Average rent of $1,762

    2011 Average rent of $1,830

    2012 Average rent of $1,945 (up 6% from 2011)

    2013 Average rent of $2,042 (Projected)

    Source: RealEstateTrends  by the Policy Development & Research Division of the City of Boston Department of Neighborhood Development & Axiometrics and Property & Portfolio Research

    If you plan on residing in one of the more sought after areas of Boston, rents will be drastically higher. Consider the following average rent prices:

    Seaport District - $2,720

    Waterfront - $2,454

    West End - $2,409

    North End - $2,199

    Back Bay - $2,092

    South End - $2,180 Brookline - $2,599

    Source: Rentjuice & MLS

    The current rule of thumb in the world of real estate is that the break even point  for renting versus buying in the greater Boston area is five years.  The break even point is defined as the amount of time required to live there before selling that will result in breaking even on the cost and added expenses of buying it. Keep in mind the Boston housing market is one of the most expensive and competitive markets in the country.  Depending on where you are looking to purchase your new home, this "break even point" may fluctuate from eight years to less than two. You may also want to consider other contributing factors such as down payments and move dates which can affect a purchase price. This is precisely why enlisting the help of a real estate professional with this decision is essential. With still historic low interest rates, rebounding housing prices, and escalating rents, now might be the perfect time buy. For further information please email Jason@AllAccessBoston.com
  • New Boston Luxury Buildings

    Posted Under: Market Conditions in Boston, For Rent in Boston, Rentals in Boston  |  June 25, 2013 8:41 PM  |  99 views  |  No comments

    Boston has not seen this amount of new development in some time. With a myriad of high-rise luxury buildings planned for construction over the next five years, the rental market in Boston is sure to see to interesting changes. Will a saturation of the market lower prices? Will the ever-growing demand for housing in the city do more than meet the expected growth and force prices up? Real estate professionals argue both sides but one thing is certain, there are going to be some amazing luxury apartment options for renters in Boston over the next few years.

    Fort Point is one of the neighborhoods in Boston seeing the largest amount of growth. This small portion of The Seaport District has at least three large luxury buildings going up by autumn of this year. One on Congress and one on A St., these new developments are already stirring up tons of interest. Renters familiar with FP3 can expect finishes of this same level, maybe even nicer in this new construction. While pre-leasing in these buildings is yet to begin, we have a growing waiting list of clients interested in renting Fort Point luxury apartments.

    The Green District in Allston is still moving along to great demand. The Element marked the beginning of this eco-friendly movement last year with The Edge Allston over halfway pre-leased for an August 1st opening. The third and final newly constructed piece of this fantastic new addition to the Allston neighborhood, The Icon, is planned to be ready for Fall of 2014. For leasing information on The Element and The Edge, contact one of our luxury specialists at 617-981-6900.

    The Victor Boston

    The Victor – New North End Luxury

    New Boston luxury buildings aren’t confined to the outer limits of the city, however. With Avalon erecting a new building next to The Prudential and The Millennium Tower going up right in downtown Boston, even Boston Proper will have some amazing new luxury options for renters in the next few years. Probably the biggest development of all, The Fenway Center, is going to alter the skyline of the Fenway area completely. This $450 million development headed by The Meredith Management Corporation will be made up of residential and commercial parcels.

    For more information about new Boston luxury buildings, contact one of our leasing and sales reps at 617-981-6900. 

    By Dave Monheit of Encore Realty
  • Is Your Open House Working?

    Posted Under: Home Selling in Brookline, Curb Appeal in Brookline, In My Neighborhood in Brookline  |  June 24, 2013 1:34 PM  |  155 views  |  No comments
    An open house seems like a pretty simple concept. Clean the place up, stage some furniture if necessary, open the doors, and let the buyers roll in. Since MLS does all of the work for today’s tech savvy (lazy) real estate agent, the buyers should just show up automatically right? Well…maybe. You could be selling your property short by using just any old real estate agent. The reality of the situation is that marketing a property correctly can have a massive impact on the interest and offers you end up getting. There are different levels of marketing involved, however the simplest techniques are what gets the buyers into your open house to begin with. Let’s talk listings…

    1. Pictures!
    I can’t tell you how many times I look at a property on MLS and can’t believe the lack of work put into the pictures. This is the first impression a buyer will get of a property. If your real estate agent isn’t bringing in a professional photographer, you are immediately cutting down on the amount of interest you will have on your property. As a broker, I have a rough idea of what a property is going to look like based on the neighborhood and the price range. A buyer who doesn’t do this every day of their life, however, is not. If the property you are selling looks like a million bucks but the pictures look like a grimy old five spot, you can bet that your open house is going to have more tumbleweed than traffic.

    2. Property Description!
    We aren’t all literary artists. If your ability to write a descriptive and compelling property description falls short of the mark, it doesn’t make you a bad agent. If you still write the description yourself anyway, it does make you a bad agent. A solid and concise description will not only sum up the property for the buyer, but it will also highlight the big selling points and make that first open house simply irresistible. It’s not about big words and it’s certainly not about fitting in every fact by using acronyms that no one else understands. It’s simply a vibrant summary and a call to action. Secondly, a listing should be FULLY filled out on MLS, company websites, and anywhere else it is listed. If I look at a listing and it doesn’t even tell me the type of heating the property has, I am immediately discouraged from a property. If it’s an investment property and it doesn’t show the gross and net profits, I assume they aren’t good and are being hidden. Agents, either list a property completely or don’t do it at all. Sellers, contract an agent who will work diligently to represent your property to the fullest.

    3. The Open House Itself!
    This section could be an entire article by itself but I don’t want to give away all of my secrets. There are a few quick points that can make or break the actual open house, however.

    Is it visible? I just viewed a condo for a client yesterday that would have been a “Where’s Waldo” game for anyone that didn’t know the area. area. The property was on a side street that takes a few winding one-ways to get to. For the first hour of the open house, there was just one little sign outside of the property. It wasn’t until later that the listing agent finally figured out that they needed to direct the traffic from the main road in order to help buyers find their way.

    Does it flow? Obviously you can’t go knocking down walls before an open house in order to make sure clients can move through comfortably. You can, however, make optimal use of furniture to show the property well while also leaving room for buyers to flow through. If people feel uncomfortable in your open house, they will want to leave (usually not a good thing as far as offers are concerned).

    Don’t over do it! The property is being showcased…not the d’œuvres…not the listing agent or their ego…certainly never the face painting clown that you thought would be a good idea for buyer’s kids (it wasn’t). Is it hot? Have some iced tea. Everyone likes cookies. Put out a plate of cookies. Everything after that takes away from the reason everyone should be there which is to be wowed by the property.

    It’s no secret that property is selling at incredible paces right now in the Boston and Greater Boston areas. That doesn’t mean that you should settle for anything other than the best representation when listing your home, however. Don’t put your asset in the wrong hands. Call one of our experienced sales professionals today to talk about selling your home.

    By Dave Monheit of Encore Realty 
    Encore Realty Blog
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer