West Bridgewater Investment Properties

Situated only about 30 miles from Boston, the town of West Bridgewater, Massachusetts is a town with a bustling real estate market and a dose of suburban charm. Not only is this a very accessible town for commuters that choose to get to work by car, but it also has a fairly efficient and reliable mass transit system; the Middleborough/Lakeville Line of the MBTA travels through town and goes all the way to Boston's South Station.

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As a result of this convenience, West Bridgewater is an excellent place to invest in property, especially considering that the town has experienced an 11.9 percent level of growth in home values over the past year.

Residential and Commercial Investment Properties

When you're searching for a town that has investment possibilities, you should always look for one that has multiple opportunities that include both commercial and investment options. Fortunately, this town has both of these options, but when you are looking into a property to invest in, always consider:

• The Income Potential – When you're considering a single-family, multiple-family, or commercial property, always consider the cash flow of said property. While some investments are more immediate, income potential is why you're in the game at all. For this reason, owning rental properties can be very beneficial; you'll receive monthly income from your tenants and these will cover the mortgage, utilities, real estate taxes, insurance, and any maintenance costs of the property itself.

In a best-case scenario, you should be able to set aside about five to 10 percent of your rental income per year for any emergency repairs and maintenance. The rest of the rental income can be used for the other bills, and optimally, you should be able to have a good amount of money going into your bank account as well.

• Growth Potential – Research is crucial; you'll want to invest in an area that is up-and-coming so that your long-term profits will be higher. This particular town has the advantage of being in relatively close proximity to Boston, which means that any growth that happens in this city will affect the housing markets of the Boston suburbs. Properties have a tendency to naturally appreciate, but when an area becomes popular, you'll be able to pay off the property at a faster rate and achieve a higher degree of capitalization. Ideally, a five percent annual growth rate is considered fairly good in most markets, especially over longer timeframes.
• Location – The saying goes, "location, location, location," and there's never been a more apt saying; if you're looking to invest, always search out the area and see what advantages a particular property has. Is it easy to reach? Are there mass transit options nearby? How's the community? In every situation, each of these factors will make a property more appealing to potential tenants and buyers. Additionally, purchasing property in suburban settings like this one is very appealing to professionals that want to escape to a quieter life when the workday is over.

Real Estate Market Overview and Neighborhoods

Currently, this town is comprised of two distinct neighborhoods:

• Mattfield Corner – As a predominantly owner-occupied neighborhood, Mattfield Corner is the image of suburban bliss. Many of the homes here are single-family, and the area also has a higher median home value than the remainder of town. There is a selection of small apartment buildings in the area, and more than a few of the homes have a deep history.
• Town Center – Home values here are much cheaper than the other neighborhood, but the average rental rate is somewhat more expensive. There are apartment buildings in this area in addition to a large amount of single-family residences, and the town has a vacancy rate of about 10 percent.

When it comes to the town at large, this area of Massachusetts has a homeownership rate that has owners owning about 85 percent of the properties in town. Renters occupy the remaining 15 percent. The majority of the homes here have a three-bedroom configuration, which makes them fairly compelling properties to invest in.

Choosing the Right Investment Property

Making the right investment choice is crucial, and you'll have more than a few options in a town like this. For this reason, it's always a good idea to consult with a professional brokerage; typically, brokerages understand the markets throughout the states and have enough experience with clients to be able to match them up with optimal investments. Boston City Properties has years of such experience, and we'd love to help you find the right investment. Give us a call at 617-247-1933 and we can help you get on track for a profitable investment.

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