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Updated over 8 years ago,
Buying and renting out garden level apartments
Hi! I'm looking into buying a garden level condo in Boston (downtown/beacon hill area). Does anyone have any experience with or any advice on how the basement nature will change the cost? I see that the cost/sqft is less on the front end (which is why I started looking at these units), but how much does this affect what the rent should be? Is the rent likely to be proportional to the sale price compared to higher levels? What about maintenance costs? I would imagine that bug/rodent control and problems related to humidity will end up costing more, but how much more should I plan for? Any advice or referral to resources would be greatly appreciated! Thanks!