Some might wonder if its better to rent or buy a house in retirement. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that it depends on a number of factors including your current lifestyle, financial situation, health, location and age. As with many things in life, there are trade-offs no matter which way you look at it. Retirement brings lots of changes in spending, most of them reductions. But while retirees spend much less on education, personal insurance and pensions, apparel, transportation, food, and even housing, other expenses rise. Health care, for instance, can rise about 44%, which makes it crucial to cut costs once you retire. Check out below to see what sold in Country Place in February 2020:
41745 Onaway Drive, Novi: 2 bedrooms, 1 bathroom, 910 sq. feet, 1 car garage, Sold Price: $139,000
Country Place Home Sold
February 2020
42160 Pellston, Novi: 2 bedrooms, 2.1 bathrooms, 1,120 sq. feet, 1 car garage, Sold Price: $200,000
Country Place Home Sold
February 2020
Even if you haven’t paid off your mortgage, it may make sense to stay in your current house if the mortgage payments are manageable, especially if you’ve built up a substantial amount of home equity. For more information on Country Place, or similar Northville or Novi neighborhoods such as Highland Lakes, Lakewoode Parkhomes and Crosswinds West, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.