Home Buying in 02720>Question Details

Kolchak72, Home Buyer in Westport, MA

i have a large family and find it hard to find a 5 bedrm house thats a single family . can i buy a multi-family house and use it solely for my family?

Asked by Kolchak72, Westport, MA Mon Apr 4, 2011

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12
Hi There,

As most people already answered, yes you can do this. However a couple points to consider that I didn’t see mentioned.

1.) Make sure you won’t need the projected income to qualify for your loan, as this won’t be considered if using the property as a single family is your plan.

2.) Would that actually be the highest and best use of this type of property? If you can’t get the proper zoning approvals to alter the usage, keep in mind that your tax and insurance rate will be higher than a single family home. Also, I would caution you to not remove kitchens etc without the towns approval for a conversion, because this could be an illegal usage of the property and you may need to restore it back to a multi family set up when it’s time to sell to maximize your return and not run into any appraisal or town issues.

Warm Regards,
Melissa Mancini Bonito, Realtor, CBR, GRI
http://www.RealEstateThatMakesCents.com
0 votes Thank Flag Link Fri Jan 10, 2014
Yes, a good place to start looking is http://www.reavolv.com
0 votes Thank Flag Link Wed Dec 4, 2013
Yes we can.
If you have more question you're welcome to contact me.
Sonia Connolly
SB&A Realty Group,Inc
E-mail: soniarealestate@comcast.net
Cell: 508-863-2010
Your Bristol County realtor
0 votes Thank Flag Link Mon Apr 8, 2013
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Dear Home Buyer,

You can certainly Buy a two family and combine a two-family into a spacious single family. You maybe can build your dream home from scratch, if your budget permits that. Where are you looking and what's your budget? Feel free to contact me with any questions!
Sonia Maria Connolly
SB&A Realty Group, Inc.
10 Purchase St., Fall River, MA
Cell: (508) 863 2010
0 votes Thank Flag Link Mon Nov 28, 2011
Sure you can if that works for your family structure as a resident.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Mon Apr 4, 2011
Yes. You can use the other kitchen for storage. When and if you need money you can rent out the other side or buy another home and rent them both. If you have little kids you may need to open up walls, but I would leave them alone.
0 votes Thank Flag Link Mon Apr 4, 2011
If you are going to use a multi-family as a single family, you need to determine whether it makes sense to make this a permanent change (Ie, you will remove all but one kitchen) or temporary (ie, you can use it in the future as a multi-family).

You want to make sure you don't run into any zoning issues or tax issues moving forward. Some properties are grandfathered in terms of their use. So if you convert it to a single family, they might not let you convert it back to a multi-family. Also, the tax rate may be different (probably better for a single family)

Also, if you convert it into a single family, you want to examine the market in that area and make sure you will be able to sell it in the future.

Good luck
Web Reference: http://www.sherriway.com
0 votes Thank Flag Link Mon Apr 4, 2011
you may want to expand your search area to help you find more properties.
0 votes Thank Flag Link Mon Apr 4, 2011
Hello,

a multi-fasmily jouse can definitely be converted in to a single family. I understand you are looking in the area of zip code 02720. There are sevetal 5+ bedforooms houses on the market in this area.

Good luck with your search!
0 votes Thank Flag Link Mon Apr 4, 2011
Masha is absolutely correct.

I can help you find a house in the area that will fit your needs. I know there are a few 1 families in the area for about $300,000 and a couple 2 families for about $200,000.

Please call me at 508-558-9619 or email me at RCardoza@KW.com so I can get you the information
0 votes Thank Flag Link Mon Apr 4, 2011
Hello Home Buyer,

You can Certainly do that. Once you own a property you can do what ever you like with it, as long as your follow local building codes. Some multi-family homes out there where once single family homes, and can be easily converted back. There is no law that requires you to rent out a portion of your multifamily home. Give me a call or send me an email and we can discuss it further!

Take care,


Brian Marderosian
MA Realtor
Sankey Real Estate, Inc
P.O. Box 550
North Attleboro, Massachusetts 02761
Cell-508 463 6270
Fax- 508 463 0543
bmarderosian@yahoo.com
http://www.sankeyrealestate.com
0 votes Thank Flag Link Mon Apr 4, 2011
You can certainly combine a two-family into a single family. You may also want to consider building your home from scratch, if your budget permits that. Where are you looking and what's your budget?
0 votes Thank Flag Link Mon Apr 4, 2011
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