Boston buyers should look beyond the listing price to understand the true cost and risk of a property. Condo fees, taxes, building health, upcoming assessments, maintenance needs, and resale potential all materially affect value. The lowest-priced home is not always the best deal.
In Boston, overlooking these factors can turn an attractive listing into an expensive mistake.
Why This Question Comes Up So Often in Boston
Boston listings often appear similar on the surface, especially condos. Buyers focus on price, location, and finishes, but the real differences are often hidden in the details.
This is especially true in older buildings and associations.
What Most Buyers Miss
Critical factors buyers often overlook:
Condo fees and what they cover
Special assessments or deferred maintenance
Property taxes and exemptions
Energy efficiency and utilities
Resale liquidity in the building or neighborhood
These factors affect both monthly costs and long-term value.
How This Typically Plays Out in the Real World
A buyer chooses the lowest-priced unit without digging deeper, only to face rising condo fees or major building repairs.
Another buyer pays slightly more for a better-run building or stronger location and ends up with lower risk and better resale.
Key Takeaways
Listing price is only the starting point.
Monthly costs matter as much as purchase price.
Building health affects value.
Resale matters even on day one.
Risk assessment is part of buying.
When This Question Matters Most
This matters most if:
You’re buying a condo
You’re comparing similar listings
You’re stretching your budget
You’re planning to sell in the future
Final Thought
Boston rewards informed buyers. Looking beyond the price helps avoid surprises and protect long-term value.
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Written by:
Sam Reifman-Packett
Vice President, Compass Real Estate
Founder, The RP Group
Boston, MA