Pepperell Investment Properties
If you're looking to invest in the Boston Metro area, it's a good idea to consider some of the many Boston suburbs that surround the city. These suburbs have been experiencing heightened growth alongside Boston, which means that they are definitely worth a look. For example, the town of Pepperell, Massachusetts, has home values that are around $337,700 at the median level, and over the last year, the home market has experienced a six percent spike in value at the median level, which is a level of growth that's set to double in the next year. Additionally, this town has more than a few opportunities for commercial investors. As a result, this is certainly a town worthy of consideration when you're looking to grow out your portfolio.
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Residential and Commercial Investment Properties
If you're going to invest in a town like Pepperell, then in most situations, you'll be looking at the commercial and residential property market. Property is one of the fastest appreciating investments, and in many situations, rental property is one of the safest hedges against inflation due to the fact that rental prices tend to increase over time.
Getting started with your investments can take time, but fortunately, this town has more than a few opportunities that you can seize on. In this section, let's take a look at the types of property investments that you can make in this town of 12,152:
Residential Investments
In a town like this, there's always going to be a need for extensive residential property. The mix of property here is fairly mixed, but there's a clear preference for single-family properties. That being said, multi-family properties like duplexes, townhomes, condos, and apartments account for about 24 percent of the housing market here. Let's take a look at the advantages of the primary property types here:
Single-Family – Owning a single-family home is known as part of the American dream, but homeownership isn't the only route to having a home like this. In fact, rental single-family homes are becoming more popular every day due to the fact that they offer the single-family experience without the need for mortgages and down payments.
Additionally, you can invest in this part of the market with the intention to resell. Everyone has heard of the flipping craze, and it's this kind of forced appreciation that can certainly help you make a good return on your initial investment. It's just important to remember that renovations can end up requiring a lot of work on the part of the investor.
Multi-Family – As mentioned, the multi-family market is fairly strong in this town, especially considering that rental properties like apartment buildings and complexes can house hundreds of town residents. There are more than a few advantages to investing in this housing market. First, financial institutions have a tendency to provide loans to individuals looking to purchase multi-family properties due to the fact that these properties have lower foreclosure and vacancy rates.
Additionally, with owner-occupied financing, an investor can actually live on a property that has less than four units and receive a drastically lower down payment on the property, which can greatly decrease the financial burden. Commercial Investments
When you're looking to capitalize on appreciation, commercial investments are a great option. These can include buildings with office space, retail space, or even investments in places like hotels or resorts. Commercial leases tend to be longer, which means that you'll be able to capitalize on fairly steady cash flow for a longer period. Also, with triple-net leases, you'll be able to include insurance and taxes into the terms of the lease, which can help you capitalize faster on your investment.
Real Estate Market Overview and Neighborhoods
This town has three unique neighborhoods:
- The East Section
- Town Center
- Four Corners
If you're considering investing in this town, it's important to really get to know the market and which neighborhoods can work well for your capitalization. Median real estate values can vary in each neighborhood. For example, some neighborhoods have values closer to $300,000 for a residential property, while others have prices at the median level that are closer to $400,000, so which neighborhood you select can have a major impact on how fast you can capitalize.
Choosing the Right Investment Property
Not quite sure where to begin investing? There are more than a few great opportunities in a Boston suburb like this one, but it's always good to have some support. Call Boston City Properties today at 617-247-1933, and we can help you find the investment listing that can work for your needs.
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