Dover Investment Properties

Located in beautiful Norfolk County, Dover, Massachusetts, is a location that only lies about 15 miles southwest of Boston. This town is known for having a single neighborhood due to being fairly small, but this doesn't stop it from being a highly in-demand real estate market; in fact, in the last year alone, the home values in the area have increased by 6.3 percent. As a result, this area is a prime location for investors looking for real estate investment – both for single-family and multi-family properties.

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If you're looking for an opportunity to invest in just about any kind of real estate, it's a good idea to contact someone with expertise, and Boston City Properties has years of experience and thousands of happy clients to illustrate just how much we understand real estate in the state of Massachusetts.

Residential and Commercial Investment Properties

Real estate investment doesn't always have to pertain to just residential property; in fact, commercial real estate provides some excellent opportunities if you're savvy and have a good plan of action. That being said, residential properties can also be part of a sound investment strategy, and owning homes in which multiple families reside is an excellent way to build out a sound investment portfolio.

Here are a few advantages of each type of investment:

Commercial

Commercial real estate has an appreciation rate that often exceeds other investment types.This type of investment typically has better positive leverage than other property types. In effect, you will be able to borrow money at a lower cost than what the property returns to you in profits.The income stream from commercial real estate is typically higher than most other forms of real estate investment.

Residential – Single-Family

When compared to multi-family homes, single-family homes have a tendency to appreciate more. When it comes to real estate, these are typically the cheapest. While property in this area of the state typically is above the one million dollar mark, it's still significantly cheaper than both multi-unit properties and commercial real estate. These homes are more attractive as rental properties to single families due to the fact that they have a yard, private space, and basements.

Residential – Multi-Family

These are excellent portfolio builders because multi-family units have several units being rented at once. These are very easy to finance because lending institutions view multi-unit properties as safer investments than single-family units. An investor can live in the multi-unit property and still rent out the other units at a significant profit.

Real Estate Market Overview in Dover Neighborhoods

As previously mentioned, this is an area of the state that has fairly high home values. For example, currently, the median home value in this area of Massachusetts is about $1,096,230. To put this in perspective, this is higher than more than 95 percent of the neighborhoods in the state. When looking at price per square foot, this town's pricing is $340 at the median level, which is almost $60 more than the Boston Metro average.

Currently, the town has just under 6,000 residents, and the majority of the area is distinctly suburban. Homes are relatively spread out and a large portion of the population own their property, which isn't to say that there isn't a rental market in the area; in fact, with many of the homes being relatively large, this specific town could be a great choice for someone that's looking to convert single-family units into multi-family ones like duplexes or townhouses.

The town itself is also family-friendly, and many of the people living here are also professionals that work in management and in white-collar fields. Designers are also well-represented amongst the populace of this town, and many of the people residing in the community commute to and from Boston, but there are also many that work from home as well.

The real estate market in this town is one that's frequently in flux, so consult with Boston City Properties; we understand the market in all of the Boston suburbs, and we can help you find the right property for your needs.

Choosing the Right Investment Property

With real estate values being on the high end of things, it's a good idea to go into an investment in this particular town with a healthy amount of foreknowledge and planning. It's important to ask what type of timeframe it is that you want for maximized investment, and it's also a good idea to really get to know the real estate landscape that you're focusing on. This town isn't very large, so it's a good idea to really take into account town-specific features like foreclosure and vacancy rates and the expenses of maintaining a multi-unit property.

Fortunately, this is a city that's experiencing upward trends when it comes to property values, so investing in residential or commercial real estate should yield a good return on investment. In fact, both foreclosure and vacancy rates in town are low and there are certainly opportunities for commercial real estate investment that can yield a profit as well. If you're interested in this market, consult with one of the licensed real estate professionals at Boston City Properties – we'll help you find the real estate investment that best fits your needs.

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