The rule of thumb is that you should never spend more than 30% of your monthly income on a mortgage payment. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that an alternate rule states that you can afford to buy a property that runs about two-and-a-half times your annual salary. For a more tailored look at what you can afford, use an online mortgage calculator to see what your monthly mortgage payments would be if you bought a home today. Check out below to see what sold in Briarwood in May 2023:
47250 Scarlet Drive S, Novi: 4 bedrooms, 2.1 bathrooms, 2,239 sq. feet, 2 car garage, Sold Price: $500,000
Briarwood Home Sold
May 2023
For more information on Briarwood, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.