Some people think of homeownership as more of a way to put down roots and grow a family — and not as an actual investment in real estate. But actually it is. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that among the major pros to homeownership as a real estate investment is getting a chance to live in your home while you build up equity. You’re developing that wealth and that equity over time and long term, so you’re creating this virtual savings account as you’re paying down your mortgage. And then when you go to sell the property or eventually pay it off, you’re in a much better financial position. Check out below to see what sold in Arcadia Ridge in January 2020:
16371 Johnson Creek Drive, Northville: 4 bedrooms, 3.2 bathrooms, 3,230 sq. feet, 2.5 car garage, Sold Price: $525,000
Arcadia Ridge Home Sold
January 2020
If you’re purchasing real estate as an investment, you’re going to need to factor in a these additional costs — including utilities, maintenance, repairs, insurance, and taxes — even if you’re not living in the home. For more information on Arcadia Ridge or similar Northville or Novi neighborhoods such as Walden Woods, Windridge Place and Brookstone Village, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.