If you need to hire a contractor to do some upgrades for a home and they don’t have the means to float material costs and some amount of labor before receiving a draw, they simply aren’t worth the risk of doing business. A contractor who doesn’t have the cashflow to begin a project is one small crisis away from walking away with your money. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we have learned from others experiences and mistakes. Unfortunately, working with bad contractors just happens to be one of those areas that new investors are especially susceptible to. While we have learned this from others, we are hopeful that we can also steer others clear of potential pitfalls. Check out below to see what sold in Country Place in September 2015:
20925 W. Glen Haven Circle, Novi: 2 bedrooms, 2.1 bathrooms, 1,072 sq. feet, 1 car garage, Sold Price: $115,000
20948 E. Glen Haven Circle, Novi: 3 bedrooms, 2.1 bathrooms, 1,522 sq. feet, 1 car garage, Sold Price: $125,119
42140 Pellstone Drive, Novi: 2 bedrooms, 2.1 bathrooms, 1,120 sq. feet, 1 car garage, Sold Price: $132,500
21049 W. Glen Haven Circle, Novi: 3 bedrooms, 2.1 bathrooms, 1,522 sq. feet, 1 car garage, Sold Price: $150,000
Even though a contractor appears to be very knowledgeable and professional, its important to do your due diligence and make sure your contractor is as honest as he appears. For more information on Country Place, or similar Northville or Novi neighborhoods such as Highland Lakes, Crosswinds West and Lakewoode Parkhomes, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.