What Is Important When Buying A MultiFamily Home in Danbury,CT
By Jonathan Hall, Realtor - Danbury,CT Area Real Estate~203-417-0523
(William Pitt Sotheby's International Realty)
Purchasing a multi family home in the Greater Danbury area does offer some advantages. You can collect rent from two or more apartments. However, unlike purchasing a traditional single family or townhome, there are additional things to consider.-Property condition. Generally speaking, most where built prior to WWII, so they are generally 60+ years old. I would highly recommend a building inspection as part of your terms and conditions on an offer. -Lease information: Find out long how the tenants have been there, if there's any sort of signed lease, what they are currently paying. Based on the information, we can see if the current rents are fair if there is potential to have the rents go higher. We would also want to how much security deposit was given by the tenants at the signing of...
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