"Higher-end" renovating in Worcester (near Clark),

[Account Closed]

Hi all - I typically buy and renovate in Cambridge and Somerville where rents are sky high but so are purchase prices. As such, I try to create value by renovating the kitchens and baths as well as re working the interior to maximize bedroom count.  

That being said, Worcester is a different animal. Some of these old buildings are huge and rearranging interior layout to maximize bedroom count is doable. I typically put in nice(ish) cabinets, granite countertops and stainless steel applicances. Will I get paid for that in Worcester? What does a beautiful 4 bed within a quarter mile of Clark (south of Main Street) go for. To give you a sense of quality, below are some pics of kitchens and baths of recent remodels. Will I get paid for these? Thoughts?

[Dimitri Bakllas]

Hi Ari,

Intriguing post, I looked into some of your other work and it looks really good and seems that you've made very good decisions. To answer some of your questions, there are locations that high end renovations would work really well in Worcester. Though as previously mentioned you have to be very careful with renting a 4+ bedroom, there are strict rules and fines are imposed. Depending on where you are in the Clark U area you could do really well with student rentals (I own a property in WPI area). UMASS is another good area to look into properties as well, a little to far for WPI students to rent there though. I am an investor in Worcester looking to expand my portfolio, I'd be more than happy to further discuss investing in Worcester with you.