If you’re trying to decide whether you’re ready for a home that’s larger or in a more desirable location you might want to ask yourself a few questions first. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know its smart to look at your annual mortgage statement to see if you’ve build up substantial equity in your current home. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains. If your income or financial situation has improved you might be able to afford a higher mortgage payment. Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option. Check out below to see what sold in North Beacon Woods in January 2017:
46218 Greenridge, Northville: 4 bedrooms, 3.1 bathrooms, 2,634 sq. feet, 2 car garage, Sold Price: $385,000
North Beacon Woods Home Sold
January 2017
Another reason to move is that you might have outgrown your neighborhood. The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for long term. For more information on North Beacon Woods, or similar Northville or Novi neighborhoods such as Parkstone, Addington Park and Barclay Estates, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.