Swansea Multi-Family Homes

Looking for a quite mid-sized town to raise a family? Well, Swansea, which is located in Bristol County, is a lovely seaside option that is worth considering. The crime in the area is quite low and the schools in that town are ranked highly, which makes it a great place for children. Boston is about 45 miles from the town, which means that residents can easily commute to the city if it is required. In addition, Providence, Rhode Island is only about 12 miles away. There are no trains out of the town, but there are quite a few bus option that service neighboring towns.

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Purchasing a Multi-Family Home

Since this area is a little farther away from Boston, the prices of the properties in the area are a bit lower than properties in the Boston Metro area. In fact, the average price for a home in the area is about $281,000. This averages out to about $221 per square foot, which is much lower than most Boston prices, but it is actually a bit more than property in Providence. In the past year, property values have increased more than six percent, and it is predicted that this will continue, at least in the next few years. That being said, this is a great opportunity for anyone looking for an investment.

There are duplexes, triplexes, and quadplexes in the area that should be considered because they offer a place for the owner to call home as well as a few additional units that can be rented out to help supplement the income of the owner. This rental income should be used to pay the mortgage, make repairs on the property, and maintain the building. There are also apartments, townhouses, and condos that can be considered as a purchase option. Typically, an owner of this type of property will hire a maintenance team to take care of the upkeep and the maintenance needs of the building.

If you are having trouble finding a home in the area that fits your needs, contact Boston City Properties today so that we can represent you throughout the process and get you the best deal possible.

Selling a Multi-Family Home

Many owners will purchase a property for the sole purpose of selling it down the line to make a profit on their investment. If this sounds like you, then there are a few things that you can do while owning the property that will make the selling process easier. It is important to keep the property in good condition. If anything needs to be repaired, it should be done as soon as possible. The interior and the exterior of the home should be painted regularly, and the siding on homes should be inspected regularly to make sure that none need to be replaced.

Inside, you can clean the carpeting yearly, upgrade cabinets, and install things like hardwood floors and granite countertops. If anything can be done to the property that will increase the value, then it can easily be done over time. When it comes time to sell the property, you will have very little remaining to do to get it ready to be listed. Before the property is listed, inform the tenants that live in the building of your intent so that they can do their part to keep clutter to a minimum while potential buyers may be looking at the property.

Need help listing a property? Contact Boson City Properties today so that we can help you get a great offer for the property that is being listed.

Neighborhoods in the Area

Swansea has three main neighborhoods, which are:

• Barneyville – This is the more coastal portion of the town, which makes it a great area to walk and enjoy the sea. Smaller apartments are common in this neighborhood.
• Town Center – This is the center of town where many of the homes were constructed between 1970 and 1999.
• Ocean Grove – Many of the homes in this area were built between 1940 and 1969, which gives this small coastal neighborhood a New England Charm. There is a large inlet cutting through this neighborhood, which makes it a great place to go swimming and fishing.

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