U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Connecticut
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: Your Vote?
Hartford 2 18.18%
West Hartford 8 72.73%
Manchester 2 18.18%
South Windsor 1 9.09%
Another town not listed 1 9.09%
Multiple Choice Poll. Voters: 11. You may not vote on this poll

Reply Start New Thread
 
Old 07-20-2010, 02:57 PM
 
1 posts, read 1,319 times
Reputation: 10

Advertisements

I'm planning on buying a house soon, and I want to go with a duplex preferably so I can collect rent-income from one unit while living in the other.

My question is, where in Hartford county (or nearby towns) would be the best place to look? I'm looking for someplace where it won't be difficult to rent out the other unit in order to pay for most (or even all) of my mortgage payments, but also someplace that has good growth potential (for raising the value of the property).

Thanks!
Reply With Quote Quick reply to this message

 
Old 07-20-2010, 03:24 PM
 
Location: New England
8,155 posts, read 17,473,267 times
Reputation: 3268
Hartford, section 8. This way the state pays your fair market rent and not your tenants. After 10 years cash out. Done.

I hope this comes across with as much disdain as I typed it.
Reply With Quote Quick reply to this message
 
Old 07-21-2010, 07:22 AM
 
Location: Central CT, sometimes NH.
3,164 posts, read 4,598,135 times
Reputation: 2842
I know several people who are making good money buying multifamilies in Bristol.
Reply With Quote Quick reply to this message
 
Old 07-21-2010, 08:44 AM
 
7,376 posts, read 11,924,994 times
Reputation: 6904
Voted for manchester because i know that is where people go to rent and not buy. The section 8 is always an idea though as well but the tenants you get might not treat the property so well.
Reply With Quote Quick reply to this message
 
Old 07-21-2010, 09:07 AM
 
Location: Montreal -> CT -> MA -> Montreal -> Ottawa
15,337 posts, read 23,212,132 times
Reputation: 22519
The reason that I voted for West Hartford is due to the number of people on this forum who are looking for great schools but cannot afford to buy a home in West Hartford, a town where rentals are not in huge abundance.
Reply With Quote Quick reply to this message
 
Old 07-21-2010, 09:21 AM
Status: "Still here" (set 15 days ago)
 
Location: Connecticut
22,381 posts, read 36,909,070 times
Reputation: 6060
Tough choice. It really depends on your budget and where you can find the best house for your money. A well located home in Manchester might be a better buy than a poorly located home in West Hartford. I am not really sure what kind of multi-family you would find in South Windsor. I would also suggest checking out Glastonbury. Like West Hartford it has excellent schools and a lot of great shopping plus there are multi-families around. Jay
Reply With Quote Quick reply to this message
 
Old 07-21-2010, 10:29 AM
 
Location: Fairfield County, CT
14,591 posts, read 20,293,700 times
Reputation: 4647
If you don't mind renting to college kids/grad students, check out a college town. Middletown (Wesleyan University), New Britain (CCSU), Hartford/West Hartford (U Hartford, Trinity), New Haven/Hamden (Quinnipiac, SCSU, Albertus Magnus, Yale), etc.
Reply With Quote Quick reply to this message
 
Old 07-21-2010, 05:30 PM
 
Location: Connecticut
2,570 posts, read 2,078,330 times
Reputation: 1650
If you are seeking side by side duplexes they seem to be rare in Conn. I know of a few enclaves of side by sides in Rocky Hill, Weathersfield, Middletown, and Glastonbury.

If you are seeking up & down i.e. 1st, 2nd, 3rd floor multi's those are easily found.

The suggestions of towns with good school systems is good. Since some people can't afford to buy in those towns, but can afford rent.

Blue collar towns like Manchester, New Britain, and Bristol would be good as well. Although with these towns you'll need to research the area first to make sure your not buying in a bad neighborhood.
Reply With Quote Quick reply to this message
 
Old 07-21-2010, 08:31 PM
 
Location: Bristol, CT
88 posts, read 157,063 times
Reputation: 54
I would choose a town that doesn't have a plethora of multifamily homes or apt buildings. Maybe Farmington, Avon, Berlin, Newington, Wethersfield, etc...that way, there would likely be more of a demand for rent and you could potentially get more money and long term renters.
Reply With Quote Quick reply to this message
 
Old 07-21-2010, 09:30 PM
 
Location: W Hartford, CT
1,685 posts, read 3,203,410 times
Reputation: 1063
Quote:
Originally Posted by ct4life View Post
I would choose a town that doesn't have a plethora of multifamily homes or apt buildings. Maybe Farmington, Avon, Berlin, Newington, Wethersfield, etc...that way, there would likely be more of a demand for rent and you could potentially get more money and long term renters.
None of those towns really have any duplexes.

Farmington - way more apartments and condos than duplexes except for Unionville section

Avon - the well-to-do folk here wouldn't hear of having a duplex in THEIR town. You may as well rent out a McMansion

Berlin - I wouldn't bother

Newington & Wethersfield - maybe. Both of these are nice towns but I don't even know where multi-family houses are. There may be a few, but what comes to mind are mostly postwar, subuarban detached houses.

What may also help out is if any duplexes are either on a bus line or close to amenities - parks, schools, stores, etc. That's often a selling point that attracts people to properties like these.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2013 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Connecticut

All times are GMT -6. The time now is 11:20 PM.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top