Retirement brings lots of changes in spending, although most of them are reductions. The DiMora Team are real estate experts in the Novi and Northville neighborhoods but we know that retirees spend much less on education, personal insurance and pensions, apparel, transportation, food, and even housing, but other expenses rise. Health care, for instance, can rise about 44 percent making it crucial to cut costs once you retire. Even if you haven’t paid off your mortgage, it may make sense to stay in your current house if the mortgage payments are manageable, especially if you’ve built up a substantial amount of home equity. Check out below to see what sold in Jamestowne Green in July 2020:
44895 Yorkshire Drive, Novi: 3 bedrooms, 2.1 bathrooms, 2 car garage, Sold Price: $312,000
Jamestowne Green Home Sold
July 2020
44660 Mansfield Drive, Novi: 4 bedrooms, 3.1 bathrooms, 2,228 sq. feet, 2 car garage, Sold Price: $365,000
Jamestowne Green Home Sold
July 2020
Your home’s value increases over time, making your equity a greater resource. Tapping into your home equity can help supplement your income. For more information on Jamestowne Green, or similar Northville or Novi neighborhoods such as Whispering Meadows, Northville Estates and Abbey Knoll, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.