For many borrowers, paying off a mortgage is a 15- or 30-year process. But it’s nice to think as you make those payments about the wealth that you’re accumulating each month. Homeowners who opt for 15-year mortgages tend to build equity faster because they typically make higher monthly payments and have lower interest rates. The […]
Home equity is a homeowner’s financial stake in their property that they own free of their mortgage loan obligation. It’s calculated by taking the current value of your home minus your principal balance and the total of any additional liens that must be paid off before selling the property. The DiMora Team are real estate […]
Your home equity is the amount of your home’s total value that you own, with any mortgage lender owning the rest. Typically, as you pay off your mortgage, your equity increases, but there are other ways for your equity to rise. Homeowners with mortgages saw their home equity grow by 28% as of September 2022 […]
While most homeowners don’t replace window unless they absolutely have to, new windows can spruce up the look of your home and improve energy efficiency. Energy Star rated windows help maintain a consistent temperature inside your home year-round, but perhaps most importantly, they can help reduce your energy bills by as much as 15%. The DiMora […]
If your house has been on the market for a while, you might just have to be patient. If your home is unconventional, you’re probably going to have to wait for the perfect buyer. Next, think about what appealed to you when you bought the home. There’s must be other buyers out there who will […]
When selling your house, the more natural light available in a room, the bigger and brighter it will look. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we have seen that if your living room isn’t blessed with the sun’s rays, overhead lighting can mimic a bright day. While […]
Prior to your open house event, be sure to sync up with your family and neighbors. Make sure they know when open houses are happening and what to expect. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know it’s a good idea to apologize in advance to your […]
When you decide to list your house for sale and after everything is spic and span, light it up so buyers can see. Light the way with solar or low-voltage lights along the driveway and sidewalks. Place solar-powered spotlights in the flower beds, aimed at the sidewalk to guide guests to the entrance. Use spotlights to highlight […]
Thirty percent of real estate agents surveyed recommend that sellers paint the exterior of their house before listing. It can earn up to a 51% return on investment. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we have seen that painting the interior could increase the sale price by 1%-3%. A […]
Before you can get buyers inside to see your clean, staged home, you have to hook them with your dazzling curb appeal. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that the importance of curb appeal cannot be understated. Most agents advise improving curb appeal before sellers list their […]
