Traci Scott![]() | Serving central and southeastern KY for 18yrs. Residential, Commercial, Land and Farms. |
Traci has 1 active or recent property listings for $299,900 with the most recent sale on 2024-05-15 for $320,500. | |
Serving the areas of Cannon, Ravenna, Gray Hawk, Wildie, Waneta, Garrard, Crab Orchard, Stanton & Bighill | |
Julie A Durham![]() Nurses Heart, Real estate smarts. | Trusted and dedicated realtor serving Louisville and surrounding areas. Guiding clients through the process of buying and ... see full details and contact information for Julie ... advocate and skilled negotiator in Louisville and surrounding areas. |
This realtor has 0 active or recent property listings for $0 with the most recent sale on 2024-05-10 for $389,000. | |
Serving the areas of Smithfield, Buckner, Bethlehem, New Castle, Milton, Shelbyville, Ghent & Carrollton | |
Jayne Polivchak![]() | CENTURY 21 Advantage Realty
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Jayne has 0 active or recent property listings for $0 with the most recent sale on 2024-04-09 for $321,000. | |
Serving the areas of Paint Lick, Fall Rock, Stanford, Mount Vernon, Waneta, Orlando, Bighill, Irvine, Cannon & Crab Orchard |
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.