All Forum Posts by: Jada P.

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!

I bought my first (and only) condo 4 years ago for ~$300k, and my parents cosigned the loan (and are on the title). Having lived in this condo for the last 4 years, I am sure that I wouldn't owe tax on the sale (now the condo is worth >$400k). But what about my parents? Or is it possible to remove them from the loan/title before selling (probably will sell in the next ~2 years)? I could imagine refinancing and replacing my parents with my husband, but then I think they would owe tax anyways since we would have to sell it at the current value, right? Please let me know if you have any suggestions or experience. Thanks!