Dedham Investment Properties

Dedham, which is a town in Norfolk County, is only about 12 miles from Boston. This makes it a great town for professionals to live in, especially if commuting to Boston is required. In addition, there is an MBTA commuter train from the town that provides service to Boston's South Station. The median value of a home in this area is about $482,000; this is a bit higher than some of the other communities in the Boston Metro area, but the location of the town makes property here worth investing in.

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Residential and Commercial Investment Properties

There are quite a few options to choose from when you want to invest in property in this area. If you are looking to invest, you are going to need to figure out which type of property is going to benefit you the most. Before you look at any specific property, it is important that you figure out a target capitalization rate so that you get a return on your investment. In most cases, you will want an annual return that is between five and 10 percent.

There are several types of properties in the area, but if you are looking to invest and make a profit, consider:

• Single-Family Homes – This is a great option for an investor who plans to live in the area for a short period of time. When you are ready to move from the area, you can rent out the property for a while and get a month rental income or if the property has increased enough, you can sell the home for a profit.
• Multi-Family Homes – This is a type of property that covers a wide range of different types of units, but whether you are considering a duplex-style home, a townhouse, a condo, or an apartment building, they can be a great investment opportunity. In this area, rental units are in demand, especially since there are quite a bit of students and young professionals looking for a place to live right outside of Boston. That being said, the potential profit that you can make by owning a multi-family home for a few years makes these investment opportunities worth considering.
• Commercial Properties – Owning a commercial property can also have its advantages. These spaces are often rented out to a business that is just starting up or one that is looking for a location in a new town. Typically, these businesses plan to be in the same location for a while, so the lease will most often be for five to 10 years.

Real Estate Market Overview in Dedham Neighborhoods

There are six unique neighborhoods in the area, and each one has a different real estate market for you to consider before investing in one. The neighborhoods are:

• High Street / Common Street – In this area of town, the median price for real estate is about $779,800. This is a price that is higher than 90 percent of the neighborhoods in the state, but the rental price that you can charge for these newer and renovated homes will be at least $1,900 a month per unit.
• Town Center – This area is an area of the town that is well developed with both residential and commercial properties. This is a great area to invest in a multi-family home because rental costs in the neighborhood are around $2,800 a month.
• Greenlodge / Ashcroft – This is a great area to invest because the median price for property is around $486,000, but the average rental price is over $3,000. This means that you can easily make a profit on your investment, especially since the homes and businesses in this area are in demand.
• Riverdale – Located along the Charles River, this area has a vacancy rate of 1.8 percent, which makes it one of the neighborhoods in the state where property is in demand. Most of the homes were built between 1940 and 1969.
• East Part of Town – This is an area with a more historic feel; homes were mostly built before the year 1939. There are also several properties that have storefronts on the first floor and apartments on the floors above in this area.
• Readville Manor – This area is mainly residential with real estate prices averaging about $395,000.

Choosing the Right Investment Property

In any town, there are going to be good investment options and properties that may not work great for your overlying goals. That being said, it is important to invest in property that is going to give you a higher capitalization rate. Ideally, the income that you make from the property should be more than the mortgage that you pay each year. Boston is a growing city, and investing in the right piece of property in this town could be extremely beneficial. In the last year, the value of real estate property has increased by 7.8 percent, and it is expected to continue to grow. If you want to find an investment opportunity in his area, call Boston City Properties today at 617-247-1933.

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