If you’re a lucky homeowner, there’s a shortcut to boosting your retirement funds so you can maintain the lifestyle you desire: selling your home. The DiMora Team are real estate experts in the Novi and Northville neigborhoods and we know that the average American has about twice as much value in their home equity as they have in their retirement savings. By tapping into this equity, you can free up thousands of dollars a month to steer your retirement destiny. Selling your home can help fund your retirement in numerous ways, liquidizing cash to allocate towards your savings, buy a new property in full, pay off remaining debts, reinvest into other areas of your portfolio, or use as spending money. Check out below to see what is currently listed for sale in Chase Farms in October 2020:
43132 Westchester Court, Novi: 4 bedrooms, 3.1 bathrooms, 3,209 sq. feet, 2 car garage, Listed Price: $525,000
Chase Farms Home Listed For Sale
October 2020
A general rule for budgeting for retirement is to withdraw no more than 4% of your account a year. If you sell your current home, you can put part of the earnings from the sale into a lower cost home and shift the rest into your retirement account, boosting your 4% figure. For more information on Chase Farms, or similar Northville or Novi neighborhoods such as Cascades of Northville, Kirkway Estates and Wintergreen Park, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.