Princeton, MA Real Estate

The city is centrally located in Massachusetts and falls under Worcester County. The housing market is a very decent one in the city and the prices are pretty affordable. Let us try to examine the different types of properties out there in the market:

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Single-family homes

Single-family homes are a popular choice amongst a lot of home buyers. In simple terms, it could be considered as a property where you do not share walls with your neighbors. Some of the most common reasons people invest in single-family homes are:

• Most of the single-family homes come with a backyard of varying sizes depending on the lot size. You could install a barbecue grill and have fun parties and get-togethers with your loved ones, grow small plants amongst other options.
• Single-family homes give you a lot of privacy than their counterparts. You do not have to worry about dealing with roommates or neighbors as you or your own family would most likely to stay there. There are fewer noises and hence fewer disturbances. If you are into remodeling and renovations, you could do all of that easily in a single family home. You have your own personal facilities like laundry that you do not need to share with anyone else.
• A single family home is also a cheaper and affordable option for an average American. You could find these types of homes across a spectrum of prices to choose from. The total monthly mortgage would totally depend on a lot of factors like the county you stay in as there are variable property tax rates. Single-family homes are also a preferred choice for a lot of individuals and families because of its price appreciation. Once the price appreciates considerably, you could even sell the home, pay off the remaining mortgage amount and put the rest as down-payment towards the next home of your dreams. Even if you decide to rent a single-family home, chances are very likely that you will be profitable on a month-to-month basis.
• There are less additional fees like the homeowners association fees in a single family home. If you own a luxury car, you do not have to pay anything for a carport as most of the single-family homes come with a garage. Even if you decide to park in your driveway, you could convert the garage into another bedroom, thereby adding more space to the house as well as individuals.
• Single-family homes offer a lot of customizable options which is one of the top reasons they are always in high demand. You could add a porch on the frontal side of the house, paint the property with your favorite color combinations, and renovate your kitchen with countertops of your choice amongst others.
• You could either have a single story or a double story single family home. People who could afford a two-story house generally opt for a game room and a media room upstairs and a study room or an office space downstairs.
• You even have the option of installing a security system in a single family home. Some of the builders give this as one of the incentives, but even if they don’t, there are lots of choices available in the market.
• If you plan to rent a single-family home, chances are higher that your tenants would stay longer; it is because most of the tenant types for a single family home are either married couples or families who are financially in a much better place and tend to look for long-term options than a single tenant.
• Property taxes in single-family homes are also not very high. It again depends on the county you live in, but there are certainly safe affordable neighborhoods out there.

The median single-family home value in Princeton is in the mid-300s and experts suggest that it is likely to increase in the coming years. There are some vintage looking homes as well as modern ones. You could find houses which are less than a 1000 square feet to mansions of over 5000 square feet; it all boils down to your budget and choice.

The price per square foot in the area is about $175. Some of the known neighborhood near the city are Upper Cleghorn, Lower Cleghorn, Cleghorn, and Southside.

Condominium

A condo could be a perfect choice if you are looking to invest in a new property. Let us read through some of the top reasons why people choose to live in a condo:

• A condo comes with a lot of amenities. Living in a condo gives you access to swimming pools, gym and fitness centers, clubhouses, tennis courts and also golf courses. Whether you feel sporty, be in shape or just relax by the pool after a long day, a condo has you covered. If you want to access these amenities outside, you would pay a huge monthly price on each of them. Also, these are not some of the ordinary amenities accessible to an average Joe.
• There is always a feeling of togetherness and social camaraderie while you live in a condominium. The office associations’ hosts events and get-togethers once in a while where the community members play games, interact with each other which paves ways for more social connections. There are also social media groups allowing members to post new things and interact with each other.
• You generally do not have to deal with any sort of maintenance related issues at your place. You would not have a backyard to mow nor worry about keeping it clean. You just pay extra fees towards maintenance and it will be taken care of by the associations. This is one of the top reasons a condo is a higher preferred choice among a lot of singles and working professionals who do not have a lot of time for home maintenance in their busy schedules.
• If you have a condo located close to a beach or a higher elevation, chances are likely that it will cost you much less than a single-family home at the same location. You could not only experience the joy of owning a property but also enjoy the nature at your own will.
• Security is another major reason why condos are a popular choice. Most of the properties either have a security personnel on the ground or are gated communities. Even the amenities within the community are accessed with remotes or special codes, thereby not allowing any kind of unauthorized access. Even if you are stuck in a life-threatening emergency situation, there are people in close proximity to you that you could reach out to.
• If you want to live in areas like downtown, a detached home might not be a feasible option due to commercial and corporate reasons. In that case, a condo could be an amazing choice. You could even rent a nice furnished condo in a downtown area for an affordable price if your budget is low for owning one. That way you could experience all the perks that come with a condominium.
• Generally, the condominiums are located in close vicinities of shopping malls and corporate offices. So if you are a working professional who wants to enjoy the urban life and at the same time do not wish to travel a lot, a condo would sound like a rational choice.
• With condos, there are some restrictions too. Generally, the community offices restrict the noise and levels of activity within the condo and also ownership of pets. It is good in a lot of ways as it makes the surroundings more peaceful to stay.
• Even if you decide to move out of the city, you would not have a lot to carry if you were staying in a condominium. Hence, for people who frequently change cities for jobs or any other reason, condos are more viable options.

Even though there are less likely chances of finding a condominium in the city, it is still a great place to invest in a property due to its projections of price appreciation.

Apartments

If you move out of our home to a different city or just finding a place to stay, the most likely option that would pop into your head is an apartment. There are lots of reasons for that. Let us look at them in detail:

• Affordability is the biggest advantage of living in an apartment. Rents are generally lower than the monthly mortgage on a house and the monthly bills for electricity, water and internet are also mostly lower. Even though all of this varies depending on the size of the apartment and usage, you have the option of limiting yourself to get the best deal.
• Maintenance is another important factor people choose to live in apartments. Be it a fan repair, issue related to heating or bulbs replacements, the fixes are just a phone call away. The leasing office takes care of all of this as it is their property. A lot of apartment complexes even provide emergency numbers for any serious repairs outside of the office hours.
• When you live in an apartment, you have access to lots of amenities like swimming pool, fitness centers and gym at no extra price, thus more savings towards things which would otherwise cost you a lot if you decide to do it on your own. Most of the apartments are closer to convenience stores; so you do not have to travel a lot if you are short on any basic necessity. A lot of apartments even offer laundry services, that way you do not have to purchase an expensive washer and dryer.
• Most of the apartments are gated communities and hence are generally considered safe. Some of the apartment offices have security and police patrol inside the community at least once a day.
• There are also options for separate dog areas in case you want to unleash your dog and enjoy some fresh air. Since the apartments are generally more spacious, you could go for a walk with your friends and family.
• There are social events like Halloween and Thanksgiving contests, generally organized by the office members. All of this gets the community together, allow them to interact with cultural exchange and expand their network of friends.
• Apartments are also a great choice if you are looking for a space to stay on a temporary basis. Lease terms are shorter and have either 7 month or 12-month options. Most of them even give the option of a month-to-month lease, but the rent would generally be higher compared to a 7 month or 12-month lease.
• You would likely find apartments in a close proximity to shopping areas or movie theaters. So if you decide to go full time shopping over the weekend or just chill watching a movie on a Tuesday night, living in an apartment seems like a very logical option.
• Some of the apartments are so well furnished that you would likely have everything that you would find in a condo, but at a much lesser price.
• If you are someone who wants to stay on top floors or have old age parents who could not walk higher elevations, apartments have you covered for both.
• Apartments also offer garage options and carports, in case you want your car to be more secured.

There are apartment options mostly on the east side of the city. Options vary from single, double or triple bedroom apartments and also a studio. Even the price is not too high and could be considered in the affordable range. Some of the leasing offices in the city offer some incentives to attract new customers.

Riverside Commons, Sutton apartments, and Lincoln village are some of the most popular apartment complexes to check it out.

The internet makes our job very easy in terms of finding a property. You could read reviews about the community, check the crime rates and school ratings before even shopping for one. If you are looking to live in neighborhoods with greenery, this city should certainly be on the list.

Princeton Condo Developments

• Wachusett

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