Lisa Guthrie![]() Whether buying or selling real estate , I can help you! | My business philosophy is to take care of my clients needs as if they were my own. I represent my clients successfully by ... see full details and contact information for Lisa ... of my portfolio to ensure your needs are met efficiently and effectively. |
Lisa has 1 active or recent property listings for $75,000 with the most recent sale on 2023-06-09 for $375,000. | |
Serving the areas of Hodges, Hackleburg, Lexington, Killen, Vina, Leighton, Red Bay, Anderson & Phil Campbell | |
Pam Woodruff![]() | RE/MAX PLATINUM
|
PAM WOODRUFF has 2 recent and active property listings that range in price from $197,456 to $279,900 with the most recent sale on 2023-12-29 for $478,000. | |
Serving the areas of Hartselle, Decatur & Courtland |
I can help you with that! Here are some of the advantages and disadvantages of homeownership in Detroit, Michigan:
Advantages:
- Home prices in Detroit are generally more affordable compared to other cities in the US, which means you may be able to get more house for your money.
- The city is experiencing a revitalization, with an increase in population, jobs, and economic growth, which may lead to increasing property values.
- Homeowners in Detroit have access to a variety of amenities, such as parks, museums, historic sites, and cultural events.
- Owning a home can offer long-term financial benefits, such as building equity and providing a stable, predictable housing payment.
Disadvantages:
- The city has a high crime rate, which may impact your safety and property values.
- Parts of the city have a declining population and a higher number of vacant homes, which can lower property values around those areas.
- Detroit has higher property taxes compared to other cities in Michigan, which could increase your monthly housing payment.
- As with any city, the housing market can be unpredictable, so there is always some level of risk involved in buying a home.
It's important to do your own research and talk to a real estate agent or financial advisor before making any big decisions about homeownership in Detroit or anywhere else.