When you need to sell your home, sometimes people wonder if they should sell it or hang on to it as a rental property. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know there are a few key questions you need to ask yourself first. If there’s a good chance you’ll return to your current home in a year or two, the money and time you spend selling your home and then buying a new one might make renting it out a smarter option. Think about what you might charge and what you might have to do to bring your property up to the market standard. You can then get an idea whether your potential rental income will cover your expenses. Unless you pay for a property management company, dealing with issues, emergencies and uncooperative renters can be trying. Ask yourself if it’s worth the stress. Check out below to see what sold in Meadowbrook Glens in March 2017:
24291 Pinecrest Street, Novi: 3 bedrooms, 2.1 bathrooms, 1,640 sq. feet, 2 car garage, Sold Price: $235,000
Meadowbrook Glens Home Sold
March 2017
Each situation is unique, so before you decide to rent out your home consider talking with a tax professional. They can help you figure out how much you can expect to pay in taxes on the rental income. For more information on Meadowbrook Glens, or similar Northville or Novi neighborhoods such as Simmons Orchard, Village Oaks and Whispering Meadows, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.