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Updated almost 8 years ago,

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3
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Christopher Alley
  • Brewer, ME
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Does cold weather make single family homes a better investment?

Christopher Alley
  • Brewer, ME
Posted

So I've been running the numbers on properties in my local area of central Maine.  We get cold winters up here, I mean COLD!... and it seems that the variable cost of heating in the winter is chewing up the potential profits of most multi family properties on the market, so originally my plan was to invest and hold onto small two or three unit multi family properties, but now it seems like small single family homes, I'm thinking ranch style, are maybe better because it's not expected for me to pay any portion of heat, and if the property is on the smaller side it would be easy for the tenant to heat. Thoughts?

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