Sandwich Multi-Family Homes

Looking for a beach town to call home? Well, Sandwich, which is the oldest town in Cape Cod, is a great location to start looking. It is a hilly area that is home to six scenic beaches. Though the community may be a little far from Boston, there is an Amtrak station in the town that connects directly to Boston's South Station. The median for a home in the area is about $368,800, which is quite a bit lower than the homes in the Boston area, which means that this Cape Cod community may be worth investing in.

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Purchasing a Multi-Family Home

Many individuals dream of living in Cape Cod, and this community is positioned perfectly to provide you with a quiet life in a seaside town. Purchasing a multiple family home in the area can give you a lot of options, especially when it comes to renting out the property. You will have the option of finding a neighborhood that is great for year-round rentals or one that is better suited for a vacation home. Regardless of what you select, you will be able to choose to reside in one of the units yourself. If you do, you will be able to apply for owner-occupied financing, which means that you will be able to put a much lower deposit down on the hose and pay the majority of the price over time as a monthly mortgage.

If you rent out the units in the home, you will be able to use the source of income as a means to pay the mortgage as well as take care of any repairs that may need to be done in the units. If the goal is to sell the property when the market is hot, you will be happy to know that this area has increased in value by 6.5 percent in the past year. In addition, the value is expected to continue to grow in the upcoming years, so investing now could be beneficial for your portfolio.

Not sure which property is best to invest in? Boston City Properties is familiar with this area of Massachusetts, so call today so that they can help you find an investment worth making.

Selling a Multi-Family Home

If you are ready to cash in on your investment, then there are a few steps that you should take before listing the multi-unit home that you own. Doing these things before you list the property will help you get a better offer on your home.

• Take Care of Repairs – Inspect all of the units thoroughly so that you know if there is anything broken. The last thing that you want is to find a broken cover plate or a light that does not work properly when you are showing the property to a potential buyer.
• Update Appliances – The last thing that an interested buyer wants to do is walk into a unit and see that the appliances are old. This means that they may require repairs, which means more work for them. You can increase the value of the home by simply upgrading the appliances to stainless steel models that are attractive.
• Contact a Professional – When you are ready to list your home, it is best to talk to a professional in the area that can give you an idea of the price of listings in the area. Boston City Properties knows the competition, which means that finding a buyer with their help will be simple. Call today!

Neighborhoods in the Area

In this town, there are four unique neighborhoods to consider when purchasing property. They are:

• Town Center – This is the area where the famous Boardwalk Beach is located. This area is made up of apartment buildings and apartment complexes that were built between 1940 and 1999. Most of the homes in this area are owner-occupied, but there is a relatively high vacancy rate because of the homes that are used as vacation homes in the area.
• East Sandwich – This area is the most expensive neighborhood in town. With a median real estate price of $576,700, it costs more to own a home in this area than 75 percent of the state. That being said, if you can invest, this opens up a great opportunity because the rental prices are also quite high because it is located right on the beach.
• Farmersville – Farmersville is a neighborhood in the community that is made up of mostly townhouses. This property is only about $394,000 to own, but if you are planning on renting units out, the rental cost in the area is about $2,300 a month for one of these units.
• Forestdale – This is an area where a lot of families settle. Here, the real estate options mostly consist of single-family homes and small apartment buildings.

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