All homes need maintenance to some degree. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we realize that this expense can vary based on the age of your home as well as the materials and workmanship that went into building it. How much should you personally set aside to cover day-to-day expenses and ward off any big-ticket surprises? One popular rule is to set aside 1%-3% of the home’s value for a home-maintenance fund. This means that for a 2,600-square-foot home, your annual home maintenance budget would be $2,600. Aside from the home maintenance budget, it’s wise to also have cash reserves for any bigger, one-time costs, such as replacing an HVAC system, water heater, or kitchen appliance. Check out below to see what sold in Bradford of Novi in April 2020:
22511 Dartmoor Drive, Novi: 4 bedrooms, 3.2 bathrooms, 3,390 sq. feet, 3 car garage, Sold Price: $550,000
Bradford of Novi Home Sold
April 2020
Its important to be proactive and create a home maintenance budget from day one, rather than only reacting when things go wrong. By setting aside smaller, more manageable amounts of money on a regular basis, you’ll be less likely to have to sink a large chunk of cash into expensive overhauls down the road. For more information on Bradford of Novi, or similar Northville or Novi neighborhoods such as Chase Farms, Kirkway Estates and Cascades of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.