7 Best Connecticut Neighborhoods For Rehabbing Properties
Posted by JD Esajian // March 20, 2011
If you want to get into rehabbing properties, Connecticut can be a great place to start. The state has many great homes that just need a few renovations and some elbow grease to be turned into beautiful, sale-worthy homes. If you’re looking to make some money rehabbing properties in Connecticut, try one of these neighborhoods:
- Asylum Hill. Former home of many of Connecticut’s insurance companies, Asylum Hill is a neighborhood in Hartford. Originally called “Lord’s Hill”, Asylum Hill is home to many of the state’s old churches. You can find many foreclosures and multi-family homes for under $100,000, making it a great neighborhood for rehabbing properties.
- Durham. This sleepy former farming community is slightly more expensive than Asylum Hill, but offers many great foreclosures and reduced-price homes. Rehabbing properties in Durham is an easy task due to the large amount of older homes in the area.
- Newington. With many foreclosures costing just over $100,000, Newington is a great place to start rehabbing properties. Although it may cost a bit more to start flipping homes in Newington, the returns on your investment can be great.
- Enfield. Although the Lego U.S. headquarters are no longer located in Enfield, it can still be a great area to get into flipping homes. Cheap foreclosures and family homes make this area a profit waiting to happen.
- Meriden. This town’s huge amount of foreclosures and homes with reduced prices make Meriden a real estate investor’s dream. You can easily pick up a cheap property in the area and rehab it for a quick profit.
- Wallingford. Located near Meriden, Wallingford is home to many properties ready to be flipped. Although it’s somewhat pricier than Meriden, the town still boasts many foreclosures and cheap homes.
- Hamden. Cheap properties abound in Hamden, and they’re all ready to be flipped. This small city has an urban feel, making it easy to attract potential buyers when you’re rehabbing properties.
Rehabbing properties in Connecticut can be a lucrative and worthwhile investment. Next time you’re looking to make a real estate investment, consider one of these neighborhoods and start flipping real estate!