About Condo Conversions

Condominium Conversions in Massachusetts have become a very popular investment tool for property owners, especially in a down economy. Essentially, an owner can divide a larger more expensive piece of property into smaller more easily purchased and financeable pieces. Because the individual pieces can be sold off more inexpensively, the owner can sell to a much larger pool of prospective home buyers. For example, in today's market, it will be much easier to find three buyers to purchase three units than one buyer with enough buying power to purchase a three-family home. Generally, the total value of all three units will also be worth much more than the total value of the property if left as a three-family home.

For years, condo conversions mostly occurred in more urban areas around downtown Boston such as Cambridge, West Roxbury, South Boston, Brookline, and Somerville. With homeownership becoming more difficult, many conversions have made there way into the suburbs in towns like Needham, Wellesley, Natick, Dedham, and Newton.

Silveri & Wilson, LLC can provide you with expert guidance on your project from day one. We can assist you with the following:

• Drafting a Master Deed and Declaration of Trust.
• Preparing the Condominium Bylaws.
• Drafting the necessary Unit Deeds and 6(d) Certificates.
• Obtaining any necessary approvals at The Land Court in Boston.

We can also help you select a capable surveyor, architect, insurance agent and lender to finance any renovations.

Contact our Condo Conversion Attorneys in Wellesley, Massachusetts

Contact us now to learn more about how we can assist you with your project. For a more detailed discussion about condominium conversions, read our article "Understanding Condo Conversions."