Weston Multi-Family Homes

Not only is Weston one of the wealthiest Boston suburbs, but it's also one of the wealthiest in the nation. Luxury homes are a staple in this area with a median property value of $1,467,000, but these single-family dwellings aren't the only show in town. In fact, this town has its share of apartment buildings and condominiums just like other parts of the state. In fact, for properties that can accommodate multiple families, the price comes down significantly; the median rental rate in the area is around $1,478, which actually can fall below some of the rental rates throughout the Boston Metropolitan Area.

Click Here to Search

sales

Purchasing a Multi-Family Home

For dwellings that can house multiple families, this town has several options to select from. While the city has a few apartment complexes of both luxury and standard design, an investor can also find opportunities for duplexes, townhouses, and condos as well. Purchasing a property of this type is fairly easy, but first, it's important to understand the distinctions between each property type:

• Duplex-Style – A duplex, triplex, or quadplex property will have different housing units on different levels of the main building. In many cases, these properties are oftentimes converted houses, but for those units of greater size than a quadplex, these have a tendency to have been designed for this use. The main advantage of owning a property of this type is that an owner can live on-premise.
• Condos – Condos are tenant-owned units, but the larger structure can still be owned by an investor. Since these properties are mortgaged like single-family homes, owning a condo property is a fairly safe investment because each tenant's arrangement is with the financing institution, not the owner. These properties are attractive to tenants because they typically have amenities that aren't always available in other housing types.
• Townhomes – Townhomes are usually converted homes that have been split into units. While it's possible to find townhomes on the market that were designed specifically for this type of accommodation, it's still more common to find that they have been converted.
• Apartments – Apartments are leased by renters, or are owned on a unit-by-unit basis like a condo. These properties can have several apartment units per floor, and the orientation has a lot of different shapes and sizes. Like with duplexes, an owner can reside in the building or simply have a management company maintain the property.

Purchasing one of these properties can be financed just like any other property type; in fact, banks are usually very willing to provide loans due to their relative safeness. If you have questions about purchasing a property of this type, contact us a Boston City Properties so that we can help you with the process.

Selling a Multi-Family Home

For those looking to sell a property in the area, there are several avenues for doing so. While it is currently a buyers' market in town, there's a lot of demand for property buying in the area, and finding a company like Boston City Properties can be a means in which to find a buyer quickly.

That being said, before a property goes onto the market, it's a good idea to prepare for the sale. If there are tenants in the property, it's crucial that they are alerted to the sale of the property. Massachusetts protects tenants under these circumstances, so it's typically possible for a lease to be maintained between owners. That being said, tenants may slow down the sale process, so if leases are expiring, then alerting the tenant early can help increase the saleability of the property.

At Boston City Properties, we know the market in and around this town, and we also know the best ways to prepare your property for sale, so contact us so that we can help you throughout the process.

Neighborhoods in the Area

This town is known for having two major neighborhoods that include:

• Regis College / Town Center – Not only is this area home to the formerly all-girl Regis College, but it also has some apartment opportunities as well. While real estate prices are on the high end of things, it's possible to find rental rates as low as $1,500 per month.
• Hastings – In this area of town, it's actually possible to find condos for rent for as low as $1,700 a month, and the area is considered one of the more affordable areas of town. Similarly to other areas in town, this is a neighborhood that is somewhat spread out and suburban.

Click Here
to Search

sales

Click Here
to Search

rentals