Pepperell Multi-Family Homes

Looking for a lovely orchard filled town to call home? Pepperell is a small town of about 12,000 people that is located in Middlesex County, Massachusetts. This town is a great location to raise children because it will provide them with connections while they are young that will stay with them in the future. This is a growing community that is 45 miles from Boston; this may not be the optimal distance for commuting, but it is easily doable for professionals that only need to be in the city a few times a week.

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Purchasing a Multi-Family Home

When you are looking to purchase a new home in the area, there are going to be a few things that you will want to consider. The average home in the area is a mere $340,000, which is a much lower price point than the area in and around Boston. That means that the price of a home is about $163 per square foot, which is nearly $100 less than the Boston Metro area. The homes are in demand in this area because of the growth that this town is experiencing. In fact, in the last year alone, the value of homes in the area has increased by seven percent, and it is expected to grow another four percent in the coming year.

As you can see, this area offers a great investment opportunity, but if you are going to invest in the area, finding a multiple unit home that you can rent out will be beneficial. If you purchase a duplex, triplex, quadplex, or a townhouse, you will be able to live in one of the units as well as rent a few out to help pay for the mortgage and repairs that need to be done around the property. When you plan to live in the property that you are purchasing, you can apply for owner-occupied financing as well, which should make it easier to get the loan because you only need to have a portion of the deposit that you would need for a single-family home.

Multi-unit homes include also include apartments and condominiums, so if you are interested in a building with more units, this is also an option worth considering. If you need help finding a multi-unit home to invest in, contact Boston City Properties today for representation.

Selling a Multi-Family Home

When it comes to selling a multi-unit home, the main goal is typically to make a profit on your investment. That being said, there are a few things that you should do when you own the property to keep it in good condition so that you do not need to put a lot of work into the property hen you are ready to sell. Here are some ways to help increase the value of the home:

• Do repairs when they first become an issue. If you find that the heater is broken, waiting to repair it will end up costing more than it would to simply take care of the issue, especially if winter is around the corner and there are tenants living in the unit.
• Upgrade the appliances that are in the kitchen. If you do not have stainless steel appliances in the units, this can be a gradual process that you take care of when you have the budget to do so. Many potential buyers prefer up-to-date, stainless steel appliances, so adding them will increase the value of the home.
• If the front of the home is bare, add some bushes, flowers, and a nice garden path so that the home looks more attractive to buyers.

Need help making a great first impression when you list your property, call Boston City Properties today!

Neighborhoods in the Area

There are three neighborhoods in this town, all of which are low crime communities that have highly rated schools. The neighborhoods are:

• Town Center – The southernmost portion of the town is mostly made up of small apartment buildings and single-family homes. Many of the homes in the area were built between 1970 and 1999.
• Four Corners – This neighborhood can be found in the northern part of town. Many of the homes here were built after the year 1970. There is only a 2.6 percent vacancy rate in this area, so finding property could be difficult.
• East Pepperell – This neighborhood is in an area where many of the homes were built between 1970 and the year 2000. There are a lot of single-family homes in the neighborhood, but townhouses are also available in the area.

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