For many people, buying a home is something you’ll accomplish down the road, so the idea of starting the process right away may seem out of the question. But there’s a chance you’re actually in a better position than you think. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we realize that every local real estate market is different. It’s important to be realistic when choosing between renting or buying. For some, renting may make more financial sense than buying. When determining if you can afford to buy a house, your salary is one of the first figures you should take into account. But don’t trick yourself into thinking that you can’t afford a house simply because you don’t make a six-figure salary. Multiply your annual income by 2.5, and then add your down payment amount to that figure. Your total amount is the max mortgage you should shoot for. Check out below to see what sold in North Beacon Woods in August 2019:
46065 Greenridge Drive, Northville: 4 bedrooms, 2.1 bathrooms, 3,134 sq. feet, 2 car garage, Sold Price: $470,000
North Beacon Woods Home Sold
August 2019
20260 Woodbend Drive, Northville: 4 bedrooms, 2.1 bathrooms, 3,000 sq. feet, 2 car garage, Sold Price: $501,000
North Beacon Woods Home Sold
August 2019
You should also take into consideration the regular housing expenses that come after with owning a home, including taxes, insurance, maintenance and repair, and homeowners association fees. For more information on North Beacon Woods, or similar Northville or Novi neighborhoods such as Parkstone, Woodside Village and Addington Park, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.