Rehoboth Multi-Family Homes
Rehoboth, which is located in Bristol County, is actually one of the oldest towns in the state of Massachusetts. This hilly region of the state is only about 47 miles from Boston, which may not make a daily commute possible, but if you need to go to Providence, Rhode Island, it is only 11 miles away. The median value of homes in the area is about $394,000, and in the past year, these values have increased by about 6.3 percent. If the value of homes in the area continues to rise, investing in multi-unit homes in the area will be a wise decision.
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Purchasing a Multi-Family Home
Multi-unit homes are plentiful in this area, and there are quite a variety of different options to consider. In this area, there are a lot of homes that were built after the 1970s, but since it is one of the oldest towns in the state, there is a good chance of finding a colonial-style home that has been converted into either a duplex or a small apartment building. These are two of the most common types of properties for multiple units because they offer a space for the owner to reside in as well as units for the tenants. Larger houses with more floors can also be converted into triplexes or quadplexes as well.
What should you look for when you purchase this type of home? Well, one of the main things to consider is going to be the foundation, the electrical, and the plumbing. Before you purchase any home, you always want to have an inspector come in to make sure that everything is up to par. The last thing that you want is a crack in the foundation that is going to cost a lot to fix.
After you get a positive inspection, then start looking for things like hardwood floors, stainless steel appliances, large walk-in closets, and a washer and dryer hook up in the units. All of these features will be enticing to renters, which means that you will have a consistent source of income to cover the mortgage and repairs on the property.
Having trouble finding your dream home? Boston City Properties can help you find property in the area that fits your needs.
Selling a Multi-Family Home
Selling property is not always a pleasant experience, especially if you have not kept the property up to par during the years that you owned it. Whether you have tenants living in the units or not, there are things that need to be done on occasion so that the units are maintained. Here are some ways that you can manage your property so that it will be ready to sell when you are:
- Paint the Interior and Exterior – One of the easiest things that you can do to make your property look fresh and clean is to repaint the walls. This includes the units, the common areas, and even the outside of the home. When paint starts getting old, it can look faded or discolored, and brightening up the property is an easy fix.
- Clean the Carpeting – Carpeting gets matted easily. Snow and mud can easily be tracked into a home, so one way to refresh your carpet is to clean it annually.
- Plant Trees and Bushes – Curb appeal is important as well, so if you plan to sell a property that you own, start planting and landscaping the area early.
- Update Old Appliances – Nothing is more unappealing than walking into a home and seeing outdated appliances. This is something that can easily be replaced, and it will increase the value of the property quite a bit.
Need help listing your multi-unit property? Give Boston City Properties a call
today!Neighborhoods in the Area
This is a town that only has two neighborhoods. Crime is low and the schools in the area are highly rated, which makes the entire town a great place to raise children. The two neighborhoods are:
- Perryville / North Rehoboth – This is the northern part of town; it is mainly comprised of small apartment buildings and converted single-family homes that were built between 1970 and 1999.
- Town Center – The southern part of town, which is positioned below Route 44, is an area made up of small apartment buildings and single-family homes.
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