Home Values Archives | House and Hammer

Finders, fixers.

aerial view of beacon hill and back bay in boston

How much is a year of your life worth? How about four?

What would you pay for an extra year of your life? A lot, right? People complain about the cost of housing in Massachusetts, and with good reason — it’s outrageously expensive to buy a home in the Boston area. The median price of an existing single-family home in the Boston area was $563,000 in 2020, according…

home for sale with realtor sign in chelsea mass - how much to offer on a house

How much should you offer for a house? Here’s the best advice I’ve heard

How do you decide how much to offer on a home? The best advice I’ve heard came from Realtor Al Norton. “You want to bid a number where you’re happy if you get it at that price, and you’re happy if you don’t,” he told me. “That’s the trick.”

marlborough st brownstones in bostons back bay

If you’ve always dreamed of living in the Back Bay, this might be your chance

Over the past decade or so, there’s been an accelerating “back to the city” movement, as young people and downsizing boomers alike seemed to prize walkable, vibrant, diverse neighborhoods. As prices in the urban core spiraled higher, many Millennials sacrificed size for prime location while retirees in desirable suburbs like Wellesley or Needham cashed in…

Three reasons right now might be your best chance to buy a home in Boston

The past few years have seen home prices — all over the country and state, but particularly in and around Boston — race upward. To say it’s been a seller’s market would be a vast understatement. With too few homes on the market, fierce competition has forced buyers into costly bidding wars, waiving important contingencies, and rushing what should be…

roof with solar panels - is solar worth it

Are solar panels worth it? For us, absolutely.

Update, as of June 2023: Yes, solar panels are still totally worth it. There’s one thing I do wish we’d done differently, though: I wish we’d installed more capacity than we needed back in 2017, as we’ve since installed electric heat pumps to use less gas, replaced a gas dryer with an electric one, and…

house swallowed by rising sea levels - flood insurance climate change global warming real estate

Climate change, flood insurance, and why you should buy on high ground

I always wanted to live by the ocean. That’s why we settled in Quincy almost a decade ago, a few blocks from Wollaston Beach, where we can sometimes smell the sea from the subway platform. During our house hunt, we researched all kinds of data — pricing, walkability, property taxes, schools, commute times — but…

chip and joanne gains from HGTV's fixer upper - is flipping houses a good idea?

Flipping houses is a sexy but terrible idea

The Boston Globe this weekend profiled Jackie Falla, a young woman aiming to buy and flip 10 properties in 10 years. Falla’s currently on her fourth flip since 2008, and she’s made a total of $160,000 in profit in that time (she blogs about her projects at questforthenests.com). Regular old home improvement, especially in a high-priced…

When your home improvement doesn’t: A lesson in risky design choices

There are two main goals of most home improvement projects: To make your home more livable now, bringing it closer to your ideal dream home; and/or to increase its value for the future. Most of the time, these two things go hand in hand. Spending $30,000 on your dream kitchen will in all likelihood increase your home’s…

rooftop solar panels - photo by edmund tse

3 green improvements that will add to your home’s value

I wish more people (myself included) would do good for good’s sake — and sometimes they do. But by and large, people’s decisions are driven by money and self interest. This is painfully true when it comes to the environment. Forget, for a moment, that an unfathomable half of Americans don’t even accept the scientific consensus around climate change…