Plainville Multi-Family Homes
Plainville is a small town in Norfolk County that is home to approximately 9,000 individuals. It is only 11 miles of land, but since it is only about 38 miles from Boston, the small town has been growing in recent years. In addition, residents who need to commute will find that I-495 and I-95 are close by, which makes it easy to travel to many of the major cities nearby. In addition, Providence, Rhode Island is also only 17 miles from this community, which makes it an even more convenient location to live.
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Purchasing a Multi-Family Home
This area of Massachusetts is a great place to purchase a home. The town is situated in a convenient area that makes it easy to reach both Boston and Providence. The median price for a home in this area is about $371,000, which means that the average home value in the area has increased by a little more than four and a half percent in the past year. The value of homes in the area is expected to grow another three and a half percent in the next year, so if you are looking for an investment, now is the time to purchase property in the area.
Multiple family properties are a great way to invest because you can rent out the units while you are waiting for the home to increase in value. In fact, if you choose to purchase the right multi-unit home, you will be able to live in one of the units and rent out the remainder to tenants. This will provide you with a source of income that you can use to pay for the mortgage or make repairs to the building.
What type of multiple unit homes can be found in this area? Well, there are apartments and condominiums that are designed with multiple units on each floor. Sometimes these units are complexes within the community, while other times they are converted single-family homes. There are also townhouses in the area to consider; these are a row of homes that are connected at the wall. Duplexes, triplexes, and quadplexes are buildings that have a different unit designated to each floor of the home. If you plan to live in the property, these are a great option for you to consider.
Finding the ideal home that has multiple units can be difficult, but if you contact Boston City Properties, we can help you find a worthy investment in the area.
Selling a Multi-Family Home
If you already own a home in the area, but you are looking to sell, there are a few things that you need to do to make sure that you can make a profit on the sale. Let's take a look.
- Inspect the property to make sure that there is nothing in the units that need to be repaired. This also means renovating areas of the home that may not have been kept up to par while you owned the property. Make sure that the walls are all painted, the baseboards are nice looking, and the carpet is clean.
- Increase the curb appeal of the property. The first impression that a potential buyer gets of your home is what they see when they first pull up to the curb. That being said, you need to make sure that front of the home is welcoming, which means that it should have a fresh coat of paint, freshly cut grass, a nice driveway and footpath, and a few bushes and flowers.
- Be prepared to upgrade appliance. The kitchen is a big selling point for most potential buyers, so if you find that units have an older stove or refrigerator, replacing them with new, stainless steel models could raise the value of the home. This also goes for the bathroom of any unit because the condition of the bathroom could make or break a sale.
If you need help listing your multi-unit home, contact Boston City Properties so that we can help you find a buyer as quickly as possible.
Neighborhoods in the Area
Since this is a small town, there are not designated neighborhoods in Plainville. That being said, this area of Massachusetts is low in crime, the schools are highly ranked, and it has a high walkability score as well, which makes it a great place to raise children.
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