If you’re shopping for your first home, you might fall in love with that four-bedroom Colonial and imagine growing old there—but your bank account and life circumstances might beg to differ. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we have seen that more and more are forgoing the traditional starter home, typically defined as one or two bedrooms, which most home buyers stay in for about five years before trading up. Instead, they are going right for that dream home, which is usually larger and boasts fancier finishes, an appealing location, and other amenities—with a much higher price tag. Remember that buying at the edge of your budget can cause you to be house poor, not only because your monthly payment is so large but also because a larger house can require more upkeep—not to mention more furniture. Check out below to see what sold in Abbey Knoll in May 2019:
978 Glenhill Drive, Northville: 4 bedrooms, 2.1 bathrooms, 2,995 sq. feet, 2 car garage, Sold Price: $450,000
Abbey Knoll Home Sold
It’s important to take an honest look at your maximum buying power and see how stretching yourself could negatively affect other aspects of your lifestyle, from enjoying weekly brunch to an annual getaway. For more information on Abbey Knoll, or similar Northville or Novi neighborhoods such as North Hills, Briarwood and Lakes of Northvile , contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.