East Bridgewater Investment Properties

East Bridgewater, which is a town that is located in Plymouth County, is only about 27 miles from Boston. With all of the growth that Boston is experiencing, it only makes sense that a town situated this close to Boston would be experiencing growth as well. Currently, the median value for property in the area is about $380,000, which is about $50 less per square mile than most of the other properties in the Boston Metro area. That being said, this town is a great location to consider if you are looking for property to invest in.

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Residential and Commercial Investment Properties

Whether you decide to invest in commercial property or residential options, you are going to find that investing in this town is quite beneficial. When you invest in a property here, you need to consider a few things to make sure that the property fits your needs, which are:

• Appreciation – Most properties in this area appreciate at a relatively fast rate; in fact, during the last year, the average home value in the area increased by 4.7 percent, and it is expected to rise more in the coming years. With this amount of appreciation, in just a few years, the property will be worth much more than you paid for it, which provides you with a safety net of sorts in case a tenant moves out.
• Rental Income – When you purchase property in this area, one of the main things to consider is whether you will be able to get rental income from the units. This is a great way to make some extra income to cover the mortgage and repairs to the building in a residential home, but it also works well with storefronts and office spaces as well. It is important to have at least five percent of the rental income set aside for maintenance needs for the building.
• Financing – Most investors do not have the entire amount of the property to hand over upfront, which is where financing comes into play. Typically, you only need 30 percent or less up front, but you will need to consider what options are available so that you can finance the remained of the mortgage.

Real Estate Market Overview in East Bridgewater Neighborhoods

Even though this is a town of nearly 14,000 residents, there are only three neighborhoods in the area to consider investing in. Each one of the neighborhoods has high rated schools and a low crime rate, which means that these neighborhoods are ideal for raising kids. The three neighborhoods are:

• Town Center – This is an area of town where the real estate median sits at about $383,800. Many of the buildings in the area were built before the year 1939, which gives the neighborhood a more historic feel. Rental prices in the area average about $1,600 a month, so investing in a multi-family home in the area could be beneficial to your portfolio.
• Elmwood – Elmwood is a neighborhood that is located in the southwestern part of town. Homes here were built before 1939, which mainly consist of small apartment buildings and single-family homes. Both residential and commercial properties are in demand in this neighborhood, so if you find property in the area that you like, consider investing.
• Northville / Eastville – This is the easternmost part of town, and since the homes in the area were mainly built between the years 1970 and 2000, property in the area is in high demand. In fact, the vacancy rate here is at 0.7 percent.

Choosing the Right Investment Property

Property in this town is not as plentiful as one might think, and when the demand for property goes up, the prices will go up as well. With that being said, investing early will help you secure a bigger profit because when you are ready to sell your property, a potential buyer is most likely going to offer more to get ahead of the bidding war, especially if the property is well kept and updated. Need help finding property in this area that is worth investing in? Contact Boston City Properties today! We know the market in the area, so we can use or resources to help you find a property that fits your investment needs.

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