Raynham Investment Properties
The location of your investment, whether it is for a business or a residential property is important to the success of your business, so if you find a town like Raynham that is only a 30-mile commute from both Boston and Providence, Rhode Island, it is worth checking out. Prices in this area for real estate are comparable with the rest of the Providence Metro area, but it is much less than what you will find in the Boston metro area. With that being said, the area is expected to experience more growth this year, which makes it a great opportunity for most investors.
Click Here to Search Investment Properties
Residential and Commercial Investment Properties
Investing in property can be a great way to increase your cash flow and bolster your portfolio, but there are a lot of different types of investments that you can consider. The main consideration is going to be whether you want to invest in a residential opportunity or a commercial one, but even after making this decision, you will still have to decide on the type of property that will benefit you the most. Each option has a number of property types to consider, so let's break down your options.
- Single-family homes – If you are new to investing in real estate, then this is an option that is easy to manage and can bring in a good bit of rental income for you to use for mortgage payments as well as maintenance and renovations.
- Apartments – If you are looking to invest in a multi-family home, then this option can provide you with several units to manage. This is going to be the most lucrative option to consider for many investors, but it is definitely not the only option worth considering.
- Condos and townhouses – These are options that are a little bit different for an investor to consider. You will own the building and the common areas, but you will not own the individual units.
- Duplexes, triplexes, and quadplexes – These units are two-, three-, and four-unit buildings that are designed to share a floor, ceiling, or both with another unit. One of the biggest benefits of this type of property is that you can live in the building so that you are on premise for emergency repairs.
- Retail space – If you are looking for property in a town that has a lot of residents, is located near a major city, or has a few colleges in the area, you can make a nice profit with this option. If you are new to commercial investments, then you can opt for a smaller storefront with one or two businesses instead of a large mall.
- Office space – Office space is a great option, especially if there are professionals in the area who may have a startup or a small business that may require them to rent space.
- Storage space and warehouses – This is an option that is easier to manage for a new business investor. Though, you may be renting the space to individuals rather than businesses.
Real Estate Market Overview and Neighborhoods
As we discussed, the location of your investment is important, so you will need to choose between the two constituent neighborhoods that are located in this community. You can choose to invest in either:
- Town Center – This is a neighborhood that consists of mostly single-family homes and apartment buildings, so there are going to be plenty of residential opportunities to consider. In addition, because of the large population of the area, a commercial investment can also be profitable as well. Real estate prices in the area average $396,000, while rental rates are at about $1,400 a month.
- Raynham Center – This is more of a residential area, which means that there will be plenty of opportunities to invest in multi-family homes as well as single-family homes. Though, if you are looking to bolster your portfolio and increase your rental income, high-rise apartments and other multi-family homes are great options because the average rental rate in the area is about $1,900 a month.
Choosing the Right Investment Property
Finding property that fits your specific investment needs that is not going to cost a large initial deposit can be difficult, but there are ways that you can lower the deposit and get financing for the remainder of the cost of the property. Call Boston City Properties today at 617-247-1933 so that we can help you find the best investment for your portfolio. We can show you all of the options available to you and help you make an educated decision about which one will be the most profitable.
Click Here to Search Investment Properties