While home is where the heart is, it’s also where your money is. Even if you’ve diversified your portfolio, your home is still a major asset and should be treated like any other investment. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we want you to know that no matter how much you put down, your home equity is the current market value of your home minus the amount you owe on your home loan. While your home equity can rise or fall along with local market conditions, paying down your mortgage will also increase your home equity. Check out below for what sold in Old Orchard in April 2015:
24476 Olde Orchard Street, Novi: 1 bedroom, 1.1 bathroom, 1,189 total sq. feet, Sold Price: $75,000
Olde Orchard Home Sold
April 2015
While your home should be a place you love to live in, responsibly handling your investment in the property can bring you financial rewards as well as emotional satisfaction. For more information on Olde Orchard, or similar Northville or Novi neighborhoods such as Stonehenge, Lakewoode Parkhomes and Highland Lake, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.