Wareham Multi-Family Homes
Wareham, which is a mid-sized town in Plymouth County, is called home by over 22,000 people. The town is a relatively quiet one; it touches the ocean and it is an easy location to reach. The city is about 54 miles from Boston, which means that commuting every day may not be doable, but it is easily a place that you can make a day trip to as a resident of this town. Two major highways, I-495 and I-195 are both located in the western part of town.
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Purchasing a Multi-Family Home
Since this is primarily a vacation spot where the homes are rented out on a weekly, bi-weekly, or a monthly basis, there are plenty of opportunities to purchase homes in the area that are designed for multiple families to use. In fact, the median price for homes in the area is about $266,000, which is quite reasonable considering that this town sits right on the waterfront. That being said, any owner who is looking for an investment in the area will be glad to know that it is a buyers' market.
The properties are in demand, but only from families that want to rent them for their vacation. Since this is Massachusetts, the weather does not allow for a lot of waterfront activities, so during the brutal New England winters, the majority of the homes remain vacant. They can be rented out to individuals who wish to stay in the community all year, but if you are planning on renting the property out during the summer, a permanent tenant in a unit could compromise your earnings.
In this area, it is going to be important to purchase a home with a view. In addition, a balcony is going to be appreciated by renters as well as a pool. If you are thinking of purchasing a vacation home to rent out, a duplex may be a great option because it will allow you to live in one of the units to maintain the property when it is not being used. Contact Boston City Properties today; we can help you find the perfect multi-unit home for your needs.
Selling a Multi-Family Home
If you are looking to sell a home in this area, it is important to market the home to individuals who want to rent out the units to visitors to the area. To do this, it is important to keep the unit in good condition, even when it is vacant so that it does not become outdated without your knowledge. Always make sure that the appliances are updated and in working order. How can you prepare to sell a home in this area?
- Clean Up – Whether there are tenants living in the units or not, it is important that there is no clutter in the home. This can be simple things like leave litter around the home that makes it look abandoned or a common space that is not swept regularly. The first impression is going to be a lasting one, so be sure to make a good one with potential buyers.
- Make Repairs – Any damage that may be visible on the property needs to be fixed. This can mean a damaged gutter, a rusty heater, or even something as simple as a frayed carpet.
Neighborhoods in the Area
All of the neighborhoods in this town are great places to live; the water is close by, no matter where you reside, so there are a lot of waterfront activities to enjoy. There are four main neighborhoods to consider in the area, which are:
- The Town Center – This is actually the part of the town that touches the water, so there are plenty of beautiful vistas, especially from the high-rise apartments that are located here. Most of the homes in this neighborhood were built before 1969.
- Onset – This area, which also touches the water, is an area that is typically used for vacation rentals, which means that a lot of the properties are vacant during the offseason.
- White Island Shores – This neighborhood has property that is also often used as a place for vacationers who are visiting the area. Most of the homes here were built between 1940 and 1969.
- Weweantic – Also known as West Wareham, this side of town is comprised of homes that were built after the year 1970.
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