The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we’ve rounded up a list of common factors that can hurt a home appraisal as far as driving down your home’s value. The amount of TLC you pour into your home and the investments you’ve made to keep it looking updated and fresh will go a long way toward a smooth appraisal. On the other hand, neglecting upkeep and letting a home age without any improvements will eventually catch up with you. Even buyers who appreciate the craftsmanship of an older home like to see touches that keep up with the times. A 1970s home that’s been well-kept will sell amazingly well. Nevertheless, experts caution against choosing finishes that cater to selective tastes. You won’t recoup your costs at resale if the finishes are too expensive or niche for your price point. It’s called an over-improvement, like putting gold faucets in your house. The cost of something new does not always equate to value. Check out below to see what sold in North Beacon Woods in June 2021:
46066 Greenridge Drive, Northville: 4 bedrooms, 2.1 bathroom, 2,713 sq. feet, 2 car garage, Sold Price: $605,000
North Beacon Woods Home Sold
June 2021
Sellers sometimes have trouble differentiating between an appraised value and what a buyer is willing to pay. An appraiser will note a particular value for high-end kitchen appliances or quartz countertops, for instance. But if you have “undesirable finishes,” such as green quartz or white appliances instead of stainless steel, buyer interest drops. For more information on North Beacon Woods, or similar Northville or Novi neighborhoods such as Parkstone, Woodside Village and Addington Park, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.