If you are smart, did your prep work, got pre-approved, have a firm grasp on your budget and know what you can afford, then its time to go house hunting. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and if you find a more expensive turn-key house which looks much better than the house you can afford that needs some work, you might think, “What’s a couple thousand more when you’re dealing with big numbers already?” Well, those couple thousand dollars can become a big deal. Not just over the long term in interest charges over the life of your mortgage, but in the short term if your circumstances turn south. Check out below to see what sold in Stonewater in October 2018:
48067 Manorwood Drive, Northville: 5 bedrooms, 4.2 bathrooms, 4,811 sq. feet, 3 car garage, Sold Price: $1,120,000
Stonewater Home Sold
October 2018
If being able to afford that more expensive property means you’re allocating more than the recommended 30% of your gross income to housing, be careful, you might be moving into “unaffordable” territory. Don’t be tempted to spend more than you can comfortably and sensibly spend. Doing that will make paying all of your other bills painful if your income drops. For more information on Stonewater, or similar Northville or Novi neighborhoods such as Maybury Park Estates, Fox Hollow and Tuscany Reserve, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.