Wayland Investment Properties

For those seeking small town-living, Wayland, Massachusetts is a nice little town of 13,827 that is only about 19 miles from Boston. As a result, it only takes a 30-minute commute to reach this beautiful town from the city, which makes this town a nice daily retreat from the hustle and bustle of the Boston urban landscape.

As a result of this area's convenience and charm, there is a very strong housing market that can provide good investment opportunities.

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Residential and Commercial Investment Properties

If you're looking into this market for a good property investment experience, then you'll have a wide array of options. Not only would you be able to find residential properties, but commercial properties are available as well. Which you pick will depend on your timeframe; are you looking to make money in the short-term or long-term.

Let's take a look at the options:

• Single-Family Residences – With the majority of the market in this area consisting of single-family homes, this will be the quickest way to make a good return in the area. The area has higher home values, but since this is a town that's consistently growing, both appreciation and forced appreciation techniques work well here. For natural market appreciation, you can expect the home values to go up over time; in fact, in the last year alone, the town has seen a home value growth of 5.9 percent. On the other hand, for forced appreciation, you can purchase, upgrade, and then sell once the house has been flipped for a sizeable profit.
• Multi-Family Residences – With the exception of some properties in Cochituate, apartment complexes, and condos are fairly rare here. That being said, with larger homes on average, you can invest in properties here for conversion into multi-family homes.
• Commercial Real Estate – This includes office space and retail space, and this can be one of the fastest appreciating types of real estate investment. Additionally, commercial real estate typically has triple-net leases that include monthly pay-ins for insurance, real estate taxes, and maintenance. These tend to also be very good for cash flow because renters of this type also look for longer lease periods.

Real Estate Market Overview and Neighborhoods

This small town is large enough to have three distinct neighborhoods. Each of these is beautiful and has its distinct housing markets.

• Tower Hill – Tower Hill is the northernmost section of the town. This area is also the most expensive area of town, and there are even multi-unit properties like townhomes. For those that don't mind a little work, the single-family homes that are in this neighborhood are large enough for conversion into townhomes or duplex-style housing as well.
• Town Center – This primarily owner-occupied section of town has homes in the area that are less expensive than Tower Hill. Also, with a vacancy rate of 3.2 percent, this area is a great option for investment.
• Cochituate – While standard property values in this neighborhood are the least expensive at the median level at $642,562, rental properties in this area are slightly more expensive. That being said, this area has the most robust luxury apartment experience for potential renters, which means that there's some good money to be made through multi-unit property investors.

When looking at the town itself, the median home value here is $746,892, which makes it more expensive on average than many of the towns and cities around the Boston area. In fact, the price per square inch is about $75 more expensive here than the Boston Metro average. That being said, the homes and the neighborhoods themselves are truly beautiful, and the town is optimally placed for a quick and easy commute to Boston itself.

This homes in this area are primarily owner-occupied, so those looking to invest in property should consider single-family residences first. In fact, the homeownership rate here is almost 90 percent, but renters make up about 12.3 percent of the market. The majority of the homes here have been constructed in the post-war era of 1940 through 1969. If you're thinking to invest in multi-unit, then it's a great idea to consider Cochituate because this is the part of town with the most townhomes, duplexes, and apartment complexes.

Choosing the Right Investment Property

One of the most exciting and profitable styles of investment is real estate investment. Many of the potential investments that you can make will provide good positive cash flow, optimal capitalization rates, and most look great in your investment portfolio. That being said, it's a good idea to have a professional brokerage in your corner before you settle on an investment, so let us at Boston City Properties help you find the best investment that suits your needs. Give us a call at 617-247-1933.

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