As a long-term investment, homeownership is still one of the best investments for individual households. Historically, real estate has consistently increased in value, despite shorter periods of depreciation due to local markets and/or national economic conditions. The data shows that homes generally appreciate about 5% per year. Here at The DiMora Team we are real estate experts in the Novi and Northville neighborhoods and it’s easy to get carried away with all of the economic reasons for home ownership, but it’s important to remember that not every reason is financial. So when you’re considering buying a home, consider the broad range of benefits that owning a home can have. And always make sure you have an experienced real estate agent and loan officer to help make sure you’re getting a home that is right for you, both financially and psychologically. Check out below for what has sold in Timber Ridge in October 2014:
43459 Scenic Lane, Novi: 2 bedrooms, 1 bathroom, 3,033 sq. feet, 3 car garage, Sold Price: $469,000
It’s important to anticipate the steps required to successfully achieve your housing goal and to build a plan of action that gets you there. For more information on Timber Ridge, or other Novi or Northville neighborhoods, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.