My wife and I are considering buying an investment property in Newton. It is zoned as a multi family dwelling with 3 separate units. We are considering buying it and building out the fourth floor to create 4 units, and then converting into 4 condominiums. Is this doable?
The first step is to check with the Newton Building Department to determine if the specific property can be converted into 4 units. If the answer is yes, and the conversion may be done as a matter of right, you can proceed accordingly. If you are told the conversion cannot happen without Zoning Board of Appeals approval you may want to make your purchase contingent upon such approval.
Once approval is obtained either by right or after Zoning Board hearing, in Newton a homeowner can convert a property into condominiums without having to obtain approval.
Our Newton Condo Conversion Attorneys assist clients in all real estate transactions and assist with zoning and municipal matters. We serve all of Newton and the Boston Metrowest communities including: Brookline, Watertown, Waltham, Weston, Wellesley, Needham and Dedham.