7 tips for homebuyers in Massachusetts

Homeownership is a major life decision and one that can be very rewarding. First-time homebuyers in Massachusetts might be feeling excited about the prospect of owning their own home – and also anxious about navigating the process of buying. To ensure your transition goes smoothly and you get everything you want in a new place to call home, consider these tips.

Buy in a good school district

Whether you plan to buy a house or a condo, if you have children, school districts are a big factor in deciding where to live. School ratings and test scores can be found online or through your local public library.

If possible, visit the schools before you decide where to live. Talk with teachers and staff members about their experiences in the district and how they feel about its policies.

Look for an agent who’s active in the community

The people you’re buying from want to know that you’re going to be a good neighbor. They want to know that homebuyers in Massachusetts care about the neighborhood and its future, so they can feel confident in selling their home. The best way to show them this is by being active in the community yourself. This includes actions like volunteering, attending events, and getting involved in local organizations or charities will help show them that you’re invested in making your neighborhood great!

You may also want to consider hiring an agent who has experience selling homes within your price range (or close enough). They’ll know what makes sense when it comes time for negotiation. They’ll also have their finger on the pulse of market trends so they can help guide decisions about the right time for buying. An agent will also suggest if you should wait until later down the road when prices might go up even more than expected.

Don’t let the mortgage rate scare you away from buying

You might be thinking that mortgage rates are too high and that you can’t afford to buy. If you can save up enough money for a down payment, but are worried about locking into a fixed rate when interest rates may be higher in the future, consider an adjustable-rate mortgage instead. These loans have lower starting interest rates than fixed-rate ones do. However, they also allow the borrower to adjust their monthly payments periodically based on market conditions and other factors.

If your income increases over time or home values rise, then this type of loan can save you money in the long run. You can achieve this by allowing you more flexibility with how much money flows into each month’s payment.

Prepare for maintenance costs and repairs

The maintenance and repair costs of a home can be high, so it’s important to prepare for them. This can include getting a home inspection, which will give you an idea of what emergency repairs may need to be made in the future. You should also consider purchasing homeowner’s insurance and a home warranty if possible, as these will help cover the cost of any unexpected expenses that come up during your ownership period.

Consider owning a condo so you can move later

If you’re thinking about buying a home, you may want to consider buying a condo instead. Condos are often more affordable than houses and easier to sell, but they also come with some unique advantages that make them worth considering.

  • They’re often located in good school districts, which is important if you have children or plan on having kids soon.
  • Condominiums are easy to sell because they tend to have lower prices than houses do–and this means that there are more buyers available for your unit when it comes time for resale (that is if it’s located somewhere desirable).
  • It’s a good idea if you plan to retire. Is retirement on your mind and the idea of owning an entire house seems dauntingly large and expensive? If so, you should maybe consider downsizing from single-family homes into condos instead.

The best advice for first-time homebuyers in Massachusetts would be to buy the apartment first. First, they are usually cheaper than a house, and second, it’s much easier to move out from a condo than from a house. If you plan to relocate in the next couple of years, don’t forget to contact professionals to assist you with this process. This way you can enjoy the process of settling in, especially if you are too busy getting everything ready for your new home.

Get a pre-qualification from a lender before you start looking

To get a sense of what you can afford, talk to a lender about pre-qualification. Pre-qualification is not the same as pre-approval, but it will give you an idea of how much you can afford and what kind of house or condo works best with your budget.

If you are buying a condo, the lender will also want to see proof that you can afford the monthly maintenance fees. In general, lenders like to see that your income covers your mortgage payment plus all other expenses – including taxes and insurance – by at least 20%.

Don’t forget about taxes

While taxes are a factor in the cost of owning a home, they can be paid annually or monthly. Homebuyers in Massachusetts will also have to pay them as they are due. If so, this could result in more than one payment per year depending on when your property tax bill is due.

If you pay the taxes annually, your property taxes will be assessed based on market value. You can request an assessment from the town or city where you live or rent. Keep in mind that you will have to set a pretty sum of money aside for the moving process. Professionals from Preferred Movers Massachusetts suggest that making a budget plan for your move is always a good idea. You might be surprised how much you can save if you plan all of your costs in advance.

Buying a home in Massachusetts is a big decision

Buying a home is a big decision, but it can be one of the best decisions you’ll ever make!  In Massachusetts, homeownership rates are among the lowest in the country at around 50%. This means that many people could benefit from purchasing their first home. 

Homeownership also creates opportunities to build community through social events like block parties or neighborhood watch groups. Owning a home is more than just buying something – it comes with a responsibility, and it’s about building equity and wealth over time.


If you’re going to be one of the homebuyers in Massachusetts and making a big investment in your life, you want it to be a good one. That’s why it’s so important to do research, ask questions and find an agent who will help guide you through the process. We hope these tips have given you some insight into what it takes to buy a home in Massachusetts!

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