Sharon Investment Properties
Currently, the Boston suburbs are one of the hottest markets that an investor can opt to invest in due to the fact that Boston is currently experiencing a growth phase. As a result, many investors are clamoring to purchase properties in areas like Sharon, MA, which lies only about 17 miles from the big city. This town is actually fairly large and is home to more than 18,000 residents, which means that the residential is certainly taking off. In fact, it's expected that residential home values are expected to rise almost seven percent in the next year in this town. Additionally, there are more than a few opportunities for commercial investors to capitalize in the area; there are more than a few retail malls and office locations in which to invest.
Click Here to Search Investment Properties
Residential and Commercial Investment Properties
Wondering where to start your property investments in this area? Fortunately, there is no shortage of properties that are worthy of investment in the area. For example, you can opt to purchase single-family homes so that you can sell or rent them out for a sizeable profit. You can also invest in multi-unit properties like condos and apartment buildings; these have a tendency to appreciate at a good rate and they also are strong against market forces. Finally, if you're looking for optimal appreciation and solid tenants, then you can't go wrong with commercial real estate investment, but let's take a look at why investment in any type of property in this town can be beneficial:
- Property Appreciation – If you're looking for long-term profits, just about any property, commercial or residential, will appreciate. For this reason, you can opt to purchase a property, rent it out, pay off the loan, and sell at a considerable profit down the line. Commercial properties have a tendency to appreciate the most but also can require the highest buy-in.
You can also opt to force the appreciation of a property by constantly keeping it upgraded and adding new features over time. These kinds of steps will mostly have to take place as tenants move out.
- Property Exchanges – If you don't reside in a property that you own for investment sake, you can swap it out via a property exchange. In some cases, this is even a great way to avoid tax liability because some types of property exchanges allow you to defer taxes.
- Tax Write-Offs – There are a series of potential tax write-offs that you can select when you own property as an investment. For example, when you're doing your taxes, you can write off maintenance costs, repairs, and mortgage interest.
- Cash Flow – When you own both commercial and residential rental property, you can end up with a very noticeable stream of monthly cash. While some of this will go to maintenance, taxes, and insurance, you should still be able to see a significant portion end up in your pocket.
Real Estate Market Overview and Neighborhoods
Despite having a fairly large population, this town only has about three neighborhoods. These include:
- Bay Road
- Town Center
- Sharon Heights
If you're going to invest in just about any of the property markets that you can find in town, it's always a good idea to do a little research first. When it comes to the three neighborhoods, each can provide excellent investment opportunities, but if you're looking to capitalize on the portion of the population that commutes, then the Heights section of town has the easiest access to Interstate 95.
With that said, areas like the town center are also advantageous because of the presence of retail space that can benefit both commercial and residential investors, and Bay Road also has a fairly well-performing residential market as well.
Choosing the Right Investment Property
So, where should you start? Even in a small town like this one, there are a wide array of opportunities, so it can sometimes be tough to decide on the property that you want. For this reason, you should contact a brokerage that has a listing of the properties in town, and Boston City Properties has some of the most detailed property records of all of the brokerages in the state. Give us a call today at 617-247-1933.
Click Here to Search Investment Properties