Sherborn Multi-Family Homes

Sherborn is a very small town that is located in Middlesex County, Massachusetts. It is home to about 4,000 individuals, many of which are professionals who work in Boston and come home to a suburban lifestyle. This small community is only 18 miles from Boston, so it is easily within commuting distance. In addition, the median price for a home in this area is about $801,000; however, with the economic growth that Boston is experiencing, this area is only expected to grow in the coming years, which means that it is a great time to invest.

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Purchasing a Multi-Family Home

Since this is a well-to-do neighborhood full of professionals, if you are going to invest in property here, you are going to want to ensure that the home has features that will stand out to a potential renter. Remember, that many of the multi-unit homes in this area are single-family homes that were converted into small apartment buildings or duplexes. That being said, most of the units will have an open concept design that looks more modern. This type of property is advantageous for a professional who is looking for a home to rent in the area so that they can have a place to stay that is not too far from the city.

What other features should you look for in property that you intend to invest in? Some other features to look for include:

• Hardwood flooring in the entrance way and the main area of the units.
• Plush carpeting in the bedrooms, but especially in the master bedroom.
• A balcony to enjoy the view of the surrounding area.
• A fireplace to help keep the unit warm in the winter and create an atmosphere when guests are around.
• A breakfast nook where residents can enjoy a quick meal.
• A formal dining space for family gatherings.
• Walk-in closets that provide plenty of storage space.

Need representation as you search for the ideal multi-unit home in the area? Then, call Boston City Properties today! We can help you find a property worth investing in quickly because we know the area and the options that are available to you.

Selling a Multi-Family Home

The value of property in the area has only gone up about two percent in the past year, and while that is not a major increase, it will still add quite a profit to your investment. Before you list your property, there are a few things that you should consider doing so that you get the best offer on the property.

• Get the Property Appraised - This helps you know how much the property is worth and if there are any steps that you can take to help improve the value of the property. Once you get this done, you can adjust the list price so that you make a profit on your investment.
• Repair and Replace – This means that if there is anything in the home that needs to be fixed, you will need to take care of it before listing the home. If you don't the property value will not be as much, which means that you may get a lower offer on the property. This can be something as small as replacing the plate on an electrical fixture or repairing the heating elements in the units.
• Upgrade – The kitchen is typically the main focal point of a home for a potential buyer, so stainless steel appliances, a breakfast bar, and modern tiling can all improve the value of the home.
• Add to the Curb Appeal – The first thing that a potential buyer is going to see is the exterior of the home. That being said, you will want to add things like flowering bushes and small trees to the landscape to make it more appealing. It is also important to make sure that the home itself has a fresh coat of paint.
• Contact a Professional – A professional real estate team is going to know more about your property than you do, especially when it comes to selling it. Contact Boston City Properties so that we can help you find a buyer quickly.

Neighborhoods in the Area

Since this town only has 16 square miles of land, there is only one neighborhood for the residents to live in. There is a large amount of single-family homes in the area, but there are also multi-unit homes worth investing in. The schools in the community are highly rated, and the crime here is exceptionally low, making it one of the safest neighborhoods to raise a family in the entire country.

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