Manchester Investment Properties

Looking for a coastal city to invest in? Well, Manchester has a total of seven beaches on the nine square miles of land that are located in this town. There are also several small coves, beautiful vistas, and conservation areas in the town. At only 24 miles from Boston, this is an amazing place for professionals to get away from the hectic city and experience a more relaxed home life. The median real estate value in the area is about $794,000, which is much higher than most of the Boston Metro area, but it is still growing. In fact, last year, the property value increased an amazing 6.3 percent, which makes it a great place to invest.

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Residential and Commercial Investment Properties

The first thing that you should consider when you begin your search for an investment opportunity in the area is whether you want to invest in a residential opportunity or a commercial one. Both of these options provide you with the potential for profit but deciding which one is best for you can be difficult. Here's a breakdown of the different types of investment properties:

• Single-Family Homes – A single-family home is one that is designed to be occupied by one family. This family can be yours, or if you prefer, you can rent out the property to someone looking for a home in the area. This will provide you with rental income, and this type of property will appreciate over time, which means that you can easily double your investment within a couple of years.
• Multi-Family Homes – This is a home that has several units in the building. This is a great option for anyone who is looking to rent out more than a few units, and it also allows you to reside on the property to help tend to maintenance needs if you prefer.
• Retail Properties - This is an option that you can consider if you are looking to invest in commercial property. Stores tend to stay in most neighborhoods for a while, which is why this is a good option to consider.
• Office Spaces – This is often a great option for an area that has quite a few small businesses or startups in the area that want a space to call their own. Typically, office spaces will agree to leases that last for anywhere between five and 10 years.

Real Estate Market Overview and Neighborhoods

This small town of a little over 5,000 individuals is one of the oldest, more historic towns in the nation. In fact, there are quite a few pre-World War II era homes in the neighborhood that give the home a sense of style that is uncommon in many neighborhoods. Since this is such a small town, there are not designated neighborhoods that you can consider, but all of Manchester is designed to be a family-friendly location that is great for investing.

The schools in the area are rated highly and there is very low crime in the area, but if you are thinking of investing in this neighborhood, then you will need to consider that this is a vacation area, which means that many of the properties, both commercial and residential, will have fewer options when it comes to the offseason months of the year. That being said, there is a huge potential here for vacation property because many of the homes in the area will rent out for a week during the summer for the same rental fee as a long-term rental that pays you on a monthly basis.

Choosing the Right Investment Property

Investing in seaside property can be quite advantageous, but you need to know which type of property is going to help you make the most profit. Do you want to consider a long-term rental where a tenant signs a lease for a few years, or will you want something a little more short-term that is designed to be used on a weekly or a bi-weekly basis when families that are vacationing to Cape Ann need a place to stay? You can also consider commercial properties as an investment option, but not every property is going to be ideal for you. Boston City Properties is here to help you find an investment worthy of your consideration. We have thousands of resources that you can use, so give us a call today at 617-247-1933.

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