Taunton Multi-Family Homes
Taunton is a beautiful city that is situated on the Taunton River, and it is actually one of the largest communities in Massachusetts. As one of the oldest cities in the United States, there are quite a few colonial homes from the 19th century. This is a great location for professionals to call home because this city is the central hub of Southeastern Massachusetts, especially when it comes to highways. The city is merely 38 miles from Boston, but the highway systems that pass through the town make it easy and convenient to reach a number of cities and towns along the coast.
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Purchasing a Multi-Family Home
This is an area with a lot of apartments and duplexes on the market, so there are plenty of options available for anyone who is looking for a home with multiple family units. In general, the median price for homes in the area is about $284,000. This is far less than the average price per square foot in both Providence, Rhode Island, and Boston, Massachusetts. That being said, the average price for homes in the area has increased by nine percent in the past year, which is an incredible profit. In addition, it is predicted that the value will increase by at least another four percent this year, which means now is the time to purchase property in this city.
There are several options for an owner to choose from when purchasing a home with rental options. Duplexes, triplexes, and quadplexes are a great option to consider if one of the units is going to be occupied by the owner. This means that the other units can be rented out to help cover the cost of maintaining the home and the mortgage. It also ensures that someone is on the property to help deal with tenant concerns and emergency issues with the plumbing. Apartments, condos, and townhouses are other options that can be considered.
Having difficulties finding the perfect multi-unit home in this part of Massachusetts? Boston City Properties can help, so call us today!
Selling a Multi-Family Home
Currently, it is a sellers' market in Taunton, which means that because of the growth in the area, the demand for homes has increased. This is beneficial for anyone trying to sell a home because it makes it easy to profit from the original investment. Though, there are still going to be a few things that need to be done to ensure that the property is appealing to potential buyers.
- Clean Up – it is important to show the property in good condition, which means that it needs to be free of clutter, and this includes the images of the home that are shown in the listing. If there is a lot of rubbish, potential owners may wonder what the owner is trying to hide.
- Make Repairs – Do the walls in the units need to be painted, is the baseboard damaged, do the kitchen cabinets sag? Any repairs that need to be done must be taken care of before listing the home.
- Consider Upgrades – If there is money in the budget to add things like stainless steel appliances, and new carpeting to the home before it is listed, the new features will be noticed by potential buyers and increase the value of the home.
If you are unsure of how to list your property, call Boston City Properties today so that we can help you get the property on the market quickly.
Neighborhoods in the Area
Since this is such a large city, there are quite a few neighborhoods in the area. A few of the more notable neighborhoods are:
- Westville – This is an area that is comprised of small apartment buildings and homes that were built after 1970.
- Oakland – The current occupancy rate in Oakland is 100 percent, which means that finding property in this neighborhood may be difficult. The homes were mostly constructed from 1970 to 1999.
- Somerset Ave / Weir Street – Most of the buildings that can be found here were built before the year 1939, but there are also some high-rise apartment in the area.
- Bay St – The real estate in this neighborhood is unique; there are duplexes and Victorian-style homes that have been converted into apartments. The majority of the homes have historic status, meaning that they were built before 1939.
- Whittenton – This is an area in the town that has quite a few trees and parks, which makes it a great area for a peaceful walk in nature.
- City Center – Since this neighborhood is located in the center of town, there are quite a few high-rise apartments, buildings with bodegas on the first floor, and converted Victorian Residences. Many homes here have period features make up part of the charm of this section of town.
- Weir Village – This area is comprised of a lot of apartment complexes that were built between 1970 and 1999.
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