Most retirees are hesitant to downsize their home. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that about 60% of retirees want to remain in their current home throughout retirement, while 40% of pre-retirees agree. It’s comfortable, it’s yours, and it’s home. But staying in a large family home into retirement becomes costly and makes it difficult to age in place. In order for downsizing to pay off, you have to actually downsize your home. This means a significant decrease in square footage and belongings at the end of the process. Downsizing has more than just financial benefits for retirees. Smaller homes are easier to maneuver and manage through retirement. Check out below to see what sold in Stonewater in October 2021:
47540 Manorwood Drive, Northville: 4 bedrooms, 5 bathrooms, 3,780 sq. feet, 3 car garage, Sold Price: $860,000
Stonewater Home Sold
October 2021
18022 Mission Pointe Drive, Northville: 4 bedrooms, 4.2 bathrooms, 5,000 sq. feet, 3 car garage, Sold Price: $1,230,000
Stonewater Home Sold
October 2021
Most people don’t think of the long-term when downsizing. Maybe they don’t think twice about moving into a place with stairs, but over the long-term stairs might become difficult with old age. And it’s generally more expensive to heat and cool a two-story home. For more information on Stonewater, or similar Northville or Novi neighborhoods such as Tuscany Reserve, Fox Hollow and The Oaks, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.