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The Motor City
Bob Laliberte Your concerns are always number one with me! | Hi everyone, just a little about me, I have lived in Michigan most of my life, growing up in the Detroit suburbs namely, ... see full details and contact information for Bob ... to my clients and would be honored for you to place your trust with me. |
| This realtor has 0 active or recent property listings for $0. | |
| Serving the areas of Glennie, Greenbush, National City, Tawas City, Mikado, East Tawas, Oscoda & Harrisville | |
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.