August 10, 2017 | Buying
Sought-after Places to Invest in the North of Boston Area
The best investment at the moment may be your home and North of Boston provides a wide selection of real estate investment properties for potential buyers. Read on for some of the best home investments areas North of the city and what they have to offer with value and potential profitability.
Winchester is typically an affluent bedroom neighborhood. Easy access to Boston through commuter rail, an excellent public school system as well as tree-lined streets, gives the town its remarkable charm. The price listings for home investments in Winchester yield a variety of properties, most not less than $800,000. You will find everything from mansions to townhouses in Winchester. Vintage properties include grand Tudor style homes to homes that typify arts and craft movement. Modern houses include single-family homes, upscale townhouses, and condos. With the number of homes for sale being quite low despite the high demand, the potential for return on home buying investment is quite high.
In recent years, Arlington’s housing inventory has been shrinking. Gone are the days when a wide range of condos were available on the market. This explains why home values in Arlington are increasing exponentially. Before, Arlington served as a temporary housing market for people on their way to other neighborhoods. However, Arlington has now become a place where people want to stay because of its ease of access to Boston, its multi-ethnic nature, and an excellent school system. Thus, investing in a home in Arlington will surely bring on a profitable return when selling due to the high housing demand.
This northern suburb is sandwiched by Malden on the east, Somerville to the south, Arlington on the west and Winchester to the north. Due to the low inventory of homes for sale in Medford, it is a seller’s market without a doubt. Potential buyers can choose from condos, single-family homes, and multi-story homes and so on. The costlier properties are those situated along the Mystic River or adjacent to the Upper Mystic Lake. Numerous new developments coupled with close proximity to the city and world renowned universities, Medford has various types of investment options to offer. Furthermore, Medford homes often hold their value quite well and bring you a hefty return on your investment during home selling.
Located close to the center of downtown Boston, Lexington is an attractive location to live and work. This makes Lexington a neighborhood for high-end homes compared to adjacent areas. Homes values in this town have skyrocketed by 6.9 percent compared to last year. Single-family homes are the main attraction here for home buying. Other types of homes available include townhomes, small apartment buildings, and apartment complexes
Reading is situated about twelve miles from downtown Boston. Reading real estate listings are comprised of townhomes, single family homes, and condos for sale. Home values in Reading have increased by 9.4 percent over the last year, and this escalation is projected to go on. Potential home sellers and buyers in Reading can rest assured of a profitable return on their real estate investment down the road.
Want to learn more about potential investment opportunities in the North of Boston market? Contact us today to speak with one of our trained real estate investment agents.
