Carol Presley-Ousley![]() Just Call Carol for all your residential real estate needs | As a RE/MAX agent, Im dedicated to helping my clients find the home of their dreams. Whether you are buying or selling a ... see full details and contact information for Carol ... opportunity to work with you. Please dont hesitate to contact me today! |
Carol has 1 active or recent property listings for $365,000 with the most recent sale on 2024-06-13 for $389,000. | |
Serving the areas of Warsaw, Claypool, Mentone & Silver Lake | |
Jan Orban![]() | Brian Peterson Real Estate |
Jan Orban has 0 active or recent property listings for $0. | |
Serving the areas of Milford, Pierceton, Silver Lake, Leesburg, Mentone, Claypool, Syracuse, North Webster & Burket |
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.