Different Markets of Real Estate in Lowell

Jumping on the investment bandwagon or simply looking at new homes to live in, the real estate market in Lowell is an ideal spot to start. Officially classed as the Greater Metropolitan Area of Boston, Lowell has enough to seal just about anyone on the idea of investing in real estate here. It’s a small enough community with only around 100,000 residents in total. It sits on the quiet Merrimack River with a rich history surrounding the city. It’s close enough to the large universities to bring in students each year, but small enough to remain quiet and serene. No matter what the type of real estate in Lowell, here are the major variations to consider.

Residential Real Estate

This type of real estate has a proven track record and decades of experience behind to show as a solid investment. It’s not just about houses, however. The community of Lowell has more to offer than a stand-alone property with a yard in the back.

Lofts – Geared towards that large student population attending University of Massachusetts Lowell, lofts are small enough to house one or two occupants without many amenities to speak of. They can be a place of residence or they can be offered as a rental for student housing or for the numerous tourists that come each year and need a place to stay.

Apartments – Apartment complexes offer the convenience of locations along the Merrimack or in the Highlands downtown area. They also offer a chance to live in a community with access to gyms, laundry rooms, pools, and underground parking. Apartments can be tricky to deal with as there are building codes work with when it comes to decorations and renovations. Still, they make a solid investment for those looking for something small and manageable.

Houses – Lowell boasts of some incredible houses. The rich history of the city makes for some historic homes and landmarks in the area. Dealing with historical homes can be worthwhile as their value only increase with proper maintenance. Maintenance can tough as older homes still need to meet modern codes with their building materials.

Commercial Real Estate

For something different, commercial real estate is an exciting prospect for the savvy investor. After performing some due diligence, commercial properties can vary from a professional building with multiple offices to lease out to a strip mall to a factory. There are numerable opportunities for someone to manage a commercial property for some incredible returns on investment. It’s important to research all that is required of a commercial landlord before seriously looking at this opportunity.

Real estate Lowell MA has great promise. The industries that have made this city the cradle of the American Industrial Revolution changed the landscape of this community. It’s a viable and fertile place to invest in real estate across all its forms. After taking the time to seek out the correct property, great deals can be found on just about every corner.