Norwell Multi-Family Homes
Norwell is a town in Plymouth County Massachusetts that is ideal for raising a family. The schools in the community are highly rated, and there are even "pathwalks" around the neighborhood that are design for students to walk and ride their bike on. These paths connect the schools to the town center without making the students walk on busy roadways. The town is a mere 23 miles from Boston, so professionals can live in this suburban town and still work in the city with ease.
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Purchasing a Multi-Family Home
This is an area of Massachusetts that has a high median value for the homes in the town. At $613,000, this area may be one of the most expensive neighborhoods in the state, but it is a great location for professionals to come home to after a long day in Boston at the office. If you are looking for an investment, this is still a great place to consider. Even though the property values are up there, they went up almost nine percent in the past year, and they are expected to continue growing this year at least another three to four percent.
What type of multi-unit homes can be found in the area? If you are looking for an investment, you will want to consider:
- Townhouses – This is a type of home that is designed for multiple families. The units are positioned side-by-side so that the tenants do not need to share an entrance. Many of the townhouses in the area were built before the 1970s, so they have a small town charm to them that is appealing to tenants who are looking for a place to rent in town.
- Duplexes – With a duplex, each floor is a unit, so if you want to live on premise to help maintain the property, you will still be able to rent out at least one unit. There are also triplexes and quadplexes that will provide you with more units.
- Condos – This is a more luxurious apartment building, which means that maintaining it may be a bit more work. However, owners of this type of property typically hire a maintenance crew to keep up with the building.
Of course, there are also apartments in the area that you can consider. If you need help finding a property that is worth investing in, contact Boston City Properties so that we can represent you throughout the process.
Selling a Multi-Family Home
Since this is an area that is in demand, it is possible that you are ready to sell the property that you own here. Considering the growth that the area has experienced recently, you can get an entire 12 percent increase from the last two years alone. That being said, you want to do whatever you can to get the best price possible for the building. Here are some things that you can do:
- Do repairs – Anything that is broken needs to be fixed before the property is listed. This means that you will need to inspect every unit to make sure that it is up to par. You will also need to do things like refresh the paint on the walls and clean the carpeting.
- Clean up – If you are going to be showing the property via pictures or in person, you need to make sure that there is no clutter around the area. This includes the units in the building as well as common spaces, so make sure to talk to your tenants about your intent so that they can help you keep the property in order.
- Upgrade – If you have extra money in your budget to make some upgrades, small things that you can do like change out the appliances for more updated versions will help you get a higher offer.
Need help listing your home? Call Boston City Properties today so that we can help you find a buyer.
Neighborhoods in the Area
There are only two neighborhoods in this town. Norwell consists of:
- Town Center – This is the Northern part of town, and it is full of conservation lands and parks with plenty of wildlife. Many of the homes in this area were built between 1940 and 1969.
- Kings Landing – This neighborhood is one of the most expensive places to live in the country, and it consists of mostly three-to five-bedroom, single-family homes and townhouses.
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