Upton Multi-Family Homes

Upton, which is a small town in south-central Massachusetts, is a great location to consider home. There are only about 2,000 households in the area, which means that the property options are limited; however, it is a great location to raise a family, especially since it will provide connections that may be beneficial to have later in life. Located in Worcester County, the trip to Boston is only about 38 miles, which means that the commute to the city is possible for members of the community.

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Purchasing a Multi-Family Home

If you are looking to purchase a home in an area with a lot of small-town charm, then Upton is a great choice. There are even quite a few multi-unit options in the area that can be great investments, especially since this town outside of Worcester is likely to continue to grow. The best way to make the most profit from your purchase it to make the purchase before the town grows too much. This allows the property to gain value over time, and it will only benefit you in the end.

Keeping that in mind, there are a few different options to consider when purchasing property in this area. Apartments are very economical options because there are more than a few units that can be rented out in each building. Condos also offer the same type of rental experience; however, these units may require more involvement from the owner or at least a management company to help maintain the property. Townhouses, which are side-by-side units, will also be a great option for an investment.

For an owner who plans to live in the property as well, there are duplexes, triplexes, and quadplexes; these units are designated to a specific floor of the home. Most of these units offer separate entranced for tenants; however, some of these types of homes may have a shared entrance instead.

In this area, the average price for a home is about $437,000, which breaks down into about $218 a square foot. This may seem like a lot, but when compared to some other neighborhoods in the state. Need help finding a investment in this town, Boston City Properties is a great resource that can represent you through the process of purchasing a home, so call today!

Selling a Multi-Family Home

With so little homes in this town, there is quite a demand for property in the area. The growth that is being experienced in this area has directly impacted the price of the homes in the area. In fact, last year alone, the value of homes in the area grew about six and a half percent, which is quite a bit for a period of 12 months. In addition, since the area is expected to grow more in the coming years, it has been projected that this year alone, the property value will increase by nearly three percent.

There are quite a few things that an owner can do to get a property ready to be listed. First, it is imperative to compare other properties that are in the neighborhood. See what the property is listed for and the quality of the home, and then ensure that your property is more appealing to a potential buyer. How? Well, start by cleaning up around the property; first impressions are everything when it comes to selling a home, so make sure there is no clutter in the units, the paint is fresh on all of the walls, and the landscaping is done on the property.

Another way to make increase the value of the property is to update the interior of the home so that when a potential buyer walks into a unit, they are wowed by what they see. One of the things that can make or break a sale is the quality of the kitchen. Most buyers today want to have stainless steel appliances, granite countertops, and an open concept. If these upgrades can fit into your budget before listing the property, they are sure to increase the bids that are received.

Need help listing a Property in Upton? Boston City Properties has quite a bit of experience with homes in the area, which means that they can help you find a buyer who appreciates the value of the property and will not try to lower the asking price too much.

Neighborhoods in the Area

With a population of less than 8,000, this is one of the smaller communities in Massachusetts, which is why there is only one neighborhood in this town. The schools in the town are highly ranked, which makes it a great place to raise children, and the crime in the area ranks amongst some of the lowest in the nation.

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