If your intent is to stretch your retirement money further by cutting back on housing expenses, it won’t do you much good if you’re taking on a bigger mortgage or adding costs after you factor HOA dues and the higher cost of living in your new golf community. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that you’d be smart to use the proceeds from your home sale to buy a smaller house outright or at least see if you can qualify for a 15-year rather than 30-year mortgage to save on interest. To calculate your home sale proceeds, you can use a Home Value Estimator to get a ballpark range for how much your home is worth, then subtract what you owe on your mortgage and the costs of selling your house (such as home prep expenses and agent commissions). Check out below to see what sold in Northville Hills Golf Club in June 2021:
15944 Merion Court, Northville: 4 bedrooms, 4.1 bathrooms, 3,375 sq. feet, 3 car garage, Sold Price: $875,000
Northville Hills Golf Club Home Sold
June 2021
After you figure out your expenses, you’ll know how much take-home money you have to put toward your next place, and how much you’ll have left over to stash away in savings or pay off other debts. For more information on Northville Hills Golf Club, or similar Northville or Novi neighborhoods such as Bella Terra, Pheasant Hills and Autumn Park, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.