Did you know you are allowed to make up to $250,000 tax free on your primary residence? The turn over for real estate in the city is typically 3-5 years. For this reason, I always encourage buyers, especially first time buyers, to purchase something that needs work opposed to turn key. Securing a property that needs work usually results with a purchase that is significantly under market value. Conducting the right improves, along with Boston's strong appreciation, can result in huge profits when it comes time to sell!