The Multifamily home is defined as a home containing 2-4 units (or apartments). Certainly you can find multifamily homes that have 5 to 12 (or more) apartments, but when you start looking at multifamily homes greater than four units, these properties are more often purchased by investors and would require commercial lending (or cash).
A multifamily home in Massachusetts or other places can be an excellent opportunity for a first time homeowner to qualify for a loan, especially if their income is limited. The additional income of one or more rental units can help significantly with the mortgage payment. Another reason people might choose to buy a multifamily home is that they have extended family in the area and it’s an opportunity for the family members to live under the same roof and still have their privacy.
There are several different styles of the multifamily home, including the duplex and town house, but in our area of northern Mass, the most common style is like a “layered house” where each floor is a separate apartment from the one above or below it and with all essentially the same layouts. In a duplex, the apartments are generally side by side with separate entrances and the townhouse style usually is side by side as well, and also has multilevels within the individual unit.
We usually finds the vast majority of multifamily homes in cities. (Makes sense, right, lots of people living in a small amount of space….) In northern Massachusetts, I’ve worked with buyers looking in Lowell, Methuen, Lawrence, and Haverhill for a multifamily opportunity.
If you are looking for a multifamily home for your residence or as an investment opportunity, call me today at 603-318-6953 or e-mail me at Dkruzel@kw.com
I look forward to working with you!
The American Colonial home architecture includes several building design styles associated with the colonial period of the United States, including First Period English (late-medieval), French, Spanish, Dutch, German, and Georgian Colonial. These styles are associated with the houses, churches, and government buildings of the period between about 1600 through 1850.
Certainly Jamestown, Old Sturbridge Village, and Plymouth Plantation all show many examples of the colonial home architecture. The colonial home seems to be the most popular design in New England now as you will see many home builders continuing to construct these homes, even while the market is depressed.
I believe that the colonial home style is very popular for families because typically all the bedrooms are located on the second floor. In our area we find many additional features to the traditional colonial home – a homeowner can have an attached or detached garage(s), they can have a family room built off to the side of the home (this usually affords the homeowner additional storage space in the cellar because the garages are underneath the family room), or a homeowner might choose to have the “salt box” colonial home. The salt box is typically a smaller family room off the back side of the house with a bit of a cathedral ceiling since the roof line extends down from the top
of the house across the salt box. In addition, this enables the homeowner to have additional storage space in the cellar, possibly enough room for a third smaller vehicle.
If you are looking to buy a colonial home in the New Hampshire or Massachusetts area, start your search here now. Alternately, if you have a home to sell, contact me today for a market evaluation of your home at 603-318-6953 or e-mail me at DKruzel at KW.com. I look forward to speaking with you!
Split level home
The split level home first came to the market in abundance in the 1950s, but is usually found to have been built between 1960s and 1980s. Historians say that the first split level home was designed by Frank Lloyd Wright because he believed that the split could be an affordable home for the average American. (Cool, eh?)
A true split level home has 3 levels of living. It is characterized by having been “split” in half for the entryway which leads up and down 2 small sets of stairs to the different living spaces from the front door. A raised ranch is considered one type of split level home and usually is more symmetrical than a “split level”. Also, the split level home often has 3 levels of living where as the raised ranch has two. From the outside it is very difficult for the untrained eye to know whether they are looking at a raised ranch or a split.
Generally, inside the split level home you will find the kitchen and dining room upstairs along with some bedrooms and downstairs is the family room space and entryway to the garage. Many of the splits and raised ranches will have a doorway out to the backyard and thus, with full sized windows available in the back of the home, you may also find additional bedrooms as well.
Split level homes and raised ranches are still built today and are more popular in other parts of the country than our area, in the northeast.
If you are looking for a split level home (including raised ranch homes), search the homes that are available in Massachusetts and New Hampshire right now and when you find one you want to view personally, contact me asap! Good luck window shopping!
A ranch home is most noted for single level living. It is known for being an American architectural style which began in the 1920′s and has it’s roots from Spanish colonial architecture of the 17th to 19th centuries. Beginning in the 1920′s, the ranch home style was very popular during the 1940s to 1970s and was then also exported to other nations.
Many a ranch home has an attached garage which afford homeowners easy access directly into their homes with shelter from the weather. Within the homes, most ranch home floor plans are known for being an open floor plan.
I find that there are many very nice ranch homes of all sizes in Methuen, MA. I’ve noticed that single people or people looking to down-size are very interested in the ranch home. The single-level living is perfect for people who are approaching their later years of life and often times single people like the smaller, more economical home for themselves.
I enjoy driving through the towns I work in and guessing at the ages of the neighborhoods I’m in based on the predominant style of homes located there. It’s interesting to go through a “pocket” of colonials, ranch homes, splits, contemporariers, etc. Open your eyes and enjoy your ride as you pass from one neighborhood to the next and guess the time periods of each of them.
Click here to search for a ranch home in your favorite city or town!