Most homes on the market are being sold by a current owner. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we realize that they have been lived in, and many have had multiple owners. These homes are considered established or “existing” homes. While an existing home might come with a substantial price tag, it won’t be as expensive as a brand-new home. This is because they haven’t been recently built from the ground up, nor were they built with 2020 labor rates. The price of an older home is mostly reflective of the current market and the overall quality of the home. The price of a new home is reflective of the market as well as the cost to the builder to deliver a finished home. Check out below to see what sold in Dunbarton Pines in January 2021:
45249 Dunbarton Pines, Novi: 4 bedrooms, 2.1 bathrooms, 2,059 sq. feet, 2 car garage, Sold Price: $378,000
Dunbarton Pines Home Sold
January 2021
With an older home, you will be able to tap into the owner’s historical knowledge of the monthly and annual costs that come with owning that particular home such as: taxes, insurance, utilities, homeowners association (HOA) dues, and more can all be predicted and help deliver a more accurate budget for your financial planning throughout the year. However, a new home’s costs and how they will affect your budget might be no more than an educated guess by a builder or developer because there aren’t historical records regarding what it will require to maintain your new home. For more information on Dunbarton Pines, or similar Northville or Novi neighborhoods such as Turtle Creek, Maple Hill and Royal Crown, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.