Princeton Investment Properties

Nestled in Worcester County is the town of Princeton, Massachusetts, which is a beautiful small town that provides easy access to both the cities of Worcester and Boston. This town is ripe for investors to purchase both residential and commercial properties; in fact, in the housing market alone, the city has experienced a growth of almost six percent in the last year alone. The town is expected to see at least that same level of growth in the next year, and with properties going for less than $400,000 in the residential market, now may be the time to invest. Additionally, the town has more than a few opportunities in the commercial property investment sector as well, especially if you're looking to invest in retail property.

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Residential and Commercial Investment Properties

So, why invest in residential or commercial real estate? Frankly, for those looking to invest in a solid market, real estate has its share of advantages. In fact, investing in both commercial and residential real estate markets is an excellent way to have a diversified investment portfolio that will be resistant to any shakeups that can occur in any one market. In addition, you have a wide range of investment options that include: single-family homes, multi-family homes, and commercial retail and office space.

Massachusetts has several towns and cities that are experiencing excellent levels of growth, and as a result, commercial and residential options are disappearing fast, so seizing on opportunities is crucial. Additionally, investment in these types of properties can yield additional advantages like:

• Monthly Cash Flow – Just about any rental property, residential or commercial, is going to provide you with some excellent monthly cash flow. Of course, your profit margin is going to depend on things like maintenance, grandfathered rents, mortgage, and general running costs, but in most situations, a reasonable percentage of your tenant's rent will come to you as profit.
• Retirement – When it comes time to retire, both residential and commercial properties can be leveraged so that you're comfortable. For example, if you own a property, you can opt to sell it at a much higher price that you purchased it for. This lump sum can give you a nice nest egg that you can use to travel the world. Conversely, if you want to keep your property, you can hire a management company to handle the day-to-day operations and use the cash flow from rents to provide you with good retirement income.
• Appreciation – Real estate has a tendency to appreciate very quickly, and some types of property, like commercial real estate, can be some of the fastest appreciating properties that you can buy. In fact, if you maintain the property by ensuring that repairs and upkeep are carried out studiously, you can make a significant profit. In fact, you can even force appreciation by ensuring that all the property is renovated frequently.
• Write-Offs – The truth of the matter is that investing in property can be somewhat strenuous financially; not only will you have to pay capital gains on new investment property, but you can bet that you'll have a down payment amount that can account for more than 20 percent of the property's value. Fortunately, there are more than a few tax write-offs that you can consider that include write-offs for property taxes, insurance, and maintenance costs.
• Exchanges – You don't always have to pay your property taxes immediately. In fact, with a 1031 exchange, you can even find another property investor and trade properties. Once you've done that, you can typically defer tax liability on your newly acquired investment.

All in all, investing in both commercial and residential properties can be an excellent way to build wealth, and many investors have a tendency to purchase multiple properties over time so that they can retire comfortably.

Real Estate Market Overview and Neighborhoods

When looking at the Princeton market as a whole, it's clear to see that it's a very healthy area in which to invest. The area has experienced, and is continuing to experience, some steady growth in the property market, and it's positioning nearby major metropolitan areas like Worcester and Boston makes it a great place for professionals to retire to at the end of the day, which means that you can easily capitalize off of it by purchasing either residential or commercial investment real estate. The town itself is fairly small, which means that you won't find that there are many constituent neighborhoods to consider.

Choosing the Right Investment Property

The town itself is in a good physical location for capitalization, and many of the areas of town are also well-positioned and loaded with properties to invest in. If you're looking to find out which areas can work for you, give Boston City Properties a call at 617-247-1933, and we can help you find your ideal property.

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