Top 7 Boston Multifamily Home Renovation Projects to Increase Property Value

https://bostonpads.com/blog/home-improvement/top-7-boston-multifamily-home-renovation-projects-to-increase-property-value/ When it comes to investing in a Boston multifamily home, one of the keys to success is to make creative upgrades and attract tenants who pay more. That means taking the time to renovate in a way that improves the property’s value and marketability and reflects positively on you as an investor. You can have tremendous success investing in Boston real estate if you focus on adding value that returns your capital quickly and starts working in your favor longer term. Boston is an old city and there are always value-add opportunities in multifamily if you seek them out. With this in mind, let’s explore seven renovation projects that can help your Boston multifamily home investment succeed in this highly competitive market.

Comments

Post a Comment

Popular posts from this blog

Should Your First Boston Real Estate Purchase Be A Multifamily Home?

https://bostonpads.com/blog/real-estate-investing/should-your-first-boston-real-estate-purchase-be-a-multifamily-home/ If you’re a first-time home buyer fortunate enough to have some capital to put down, purchasing a multi-family home in Boston could open all kinds of doors for you! A multifamily property (or multi-dwelling unit) is defined as a residential building with two or more units under one roof or several buildings in one complex. Duplexes, townhouses, apartment complexes, and some types of condominiums are all examples of multifamily properties. The Boston real estate market, overall, continues to be robust- with renters in various multi-dwelling units staying put longer and renewing their leases at higher rates than in the past few years. With a ready down payment and the right mortgage, you can potentially purchase a multifamily property as easily as if you were buying a single-family home. Investing in a multifamily property in Boston can provide you and your family with...
Read more

6 of the Best Brookline Apartments Now on Market

https://bostonpads.com/blog/renters/6-of-the-best-brookline-apartments-now-on-market/ Renters who live in Brookline apartments have access to bars, restaurants, shopping, nature, and culture. The town, which is located next to the city of Boston, has an expansive system of open space and parks that range from historic landscapes to small playgrounds. Brookline is also home to two (2) historic sites included the birthplace of President John F. Kennedy, and the home of Frederick Law Olmsted, who’s considered the father of American landscape architecture. The Larz Anderson Museum, which houses the oldest motorcar collection in the United States, is also located in the town. Brookline apartments go fast since it’s a highly desirable place to live with something for everyone. If you’re interested in residing here now or in the near future, we highly suggest that start your search ASAP. To get you started, here are six (6) of the best Brookline apartments now on the market.
Read more

2023 Mission Hill Sales Market Report

https://bostonpads.com/blog/boston-housing-market/2023-mission-hill-real-estate-sales-market-report/ The real estate market in Mission Hill has started 2023 in a deep chill as property sales decline city-wide. Mission Hill has recorded just 3 residential property transactions over the past 3 months. That ties the lowest 3 month total in the past five years of MLS data. The 30 day median sale price also failed to eclipse $1M for 3 months in a row for the first time since mid 2021. Let’s take a closer look at the trends driving Mission Hill’s real estate market. Total Real Estate Sales in Mission Hill Since November, Mission Hill has recorded just one property sale in each of the last 3 months. Given its small geographical area, total residential sales for Mission Hill real estate typically average around 3-4 per month. Still, just 3 residential sales over a 3 month period is the lowest rolling 3 month total since late 2019. We can make some fair assumptions that that our misguid...
Read more