Pros and Cons: Modern vs. Historic | Chappaqua Real Estate

Should you rent in a newer or older apartment building? New data shows older rentals — especially those in buildings with fewer than 10 units — tend to have lower rents. But cost isn’t the only factor for today’s renters.

Jessica’s newer, larger building

Near Boston's South End, One Back Bay embodies the luxury apartment experience with a 24-hour concierge and round-the-clock valet service. A studio apartment in the new building is available for $3,390 per month.
Near Boston’s South End, One Back Bay embodies the luxury apartment experience with a 24-hour concierge and valet service. A studio apartment in the 2009-built building is available for $3,390 per month.
Jessica Lau, 24, was initially concerned with location and safety. As a dental student at Boston University, proximity to school was at the top of her apartment wish list.
Then she started talking to locals.
“At first, I didn’t care about the age of the building where I lived,” she said. “But after I talked to them, I changed my mind and looked for something modern and new.”
Turns out, Lau’s friends who live in older Boston apartment buildings and brownstones have battled a few unwanted pests. One friend didn’t cook in her kitchen for a year because she couldn’t get rid of mice.
As a result, Lau selected a large, full-service apartment building built in the early 2000s.
“We pay $3,570 for a 2-bedroom,” she said. “We got a good deal on our unit.”
South End apartments tend to be on the pricier side — the median rent is $3,032 per month versus $2,497 for Boston as a whole — but Lau splits the cost with roommates. Two women have their own bedrooms, and one has her bed in the living room.
“It definitely changed the dynamic, but with a resident lounge, it works,” she said.


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