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Most Expensive Neighborhoods in Detroit: Detroit, MI Luxury Home Buying Guide

Sales of luxury homes in the Detroit metro area quadrupled in the past year when compared to 10 years ago. The resurgence of the luxury home market is further indication of the recovery of Michigan's real estate market following the recession.

If you're planning a move to Detroit and are interested in acquiring a luxury residence, you may be thinking about the features you will be looking for in your new home. But it's equally important to learn about potential neighborhoods so that you can narrow it to those which have the location, architectural style, age, covenants, and other features that most closely fit your needs.

While Detroit has a number of high-end neighborhoods, they differ considerably. Here are some of the best luxury neighborhoods…

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Best Neighborhoods in Detroit: Detroit, MI Community Living Guide

With a sprawling metro area of 4.3 million people, Detroit is Michigan's largest city. Although this urban center earned the nickname "Motor City" for a reason, there's more to Detroit than the automobile industry. Detroit has a unique culture that is reflected everywhere from its music to its architecture.

Over the last 20 years, the city has undergone concerted efforts to revitalize and renovate many of its neighborhoods, as well as its riverfront, historic performance venues, and other aging community buildings.

While choosing a neighborhood is a subjective process, there are certain areas of Detroit that stand out above the rest.

Corktown

Corktown Amenities

• Trendy hipster area
• Industrial-Chic Bars
• Great restaurants and…

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5 Ways to Include Sustainable Materials and Technology in Your Home

If you're building a new home, you will likely want it to be built entirely to your specifications. This is also your opportunity to make your new home as eco-friendly as possible. Environmentally friendly design saves money, reduces the impact to your local environment, and improves property value.

There are so many eco-friendly materials and technologies available on the market today that it can be hard to choose the best materials for your house. The following are some of the most popular, effective, and inventive green materials and technologies for new home construction.

Upgrade to a Smart Thermostat

Smart thermostats have been available for years, but they're only getting smarter as time goes on. Smart thermostats connect to smart phones…

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How Can You Motivate Your Buyers?

Here’s some advice for overcoming buyer objections in today’s market.

I’m sure you’re encountering buyers that are hesitant about buying in the current market. I know we are, but we’ve found a cool way to help overcome that.

Many potential buyers out there are unsure about whether they want to buy right now or not because home values are going up and up.

So how do you combat this?

The reality is that today’s interest rates will not last forever. As the economy continues to improve, they will go back up. That being said, right now is the time for buyers to take advantage of these low rates and get a better home for their money, saving thousands in interest over the course of their home loan.

We recently went out and…

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Detroit Economy: Top Industries, Biggest Employers, & Business Opportunities

If you're considering a move to Detroit, Michigan, it's useful to understand the city's cost of living in addition to the economic opportunities the city has to offer. Detroit's broader metro area has a population of nearly 6 million people and consists of a 10-county area. It is home to about 347,000 businesses and a workforce of 2.6 million people.

Detroit has long been known as the automobile capital of the world, but it is also the second-largest source of architectural and engineering jobs in the country. Downtown Detroit has recently seen a resurgence in companies moving their headquarters from the suburbs to downtown. Metro Detroit is among the top five financial centers in the U.S. and is an emerging leader in technology.

Detroit Top…

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4 Steps for Buying a New Construction Home

Building a new construction home requires focus, organization, and knowledge about what the buyer wants in a property. Although buying a new construction home can feel like a complex task, following these four basic steps can help homebuyers through the process.

Set a Budget

To set a budget, home buyers start by determining how much they can afford to pay for their home. One way to start this process is for homeowners to contact reputable lenders to find out what kind of loan they would qualify for. Loans that pay for new construction homes can be harder to find than loans that pay for pre-existing homes because lenders are reluctant to pay for a home that does not yet exist. Until the home is built, the lender has little leverage if the buyer…

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How to Save for a Home Down Payment

Saving for a down payment is one of the first steps to buying a house, and most home buyers spend years saving enough money. For those who are renting their home, saving for a first down payment can sound intimidating. Luckily, the following ways can make the process easier and less stressful overall.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Know How Much to Save for a Down Payment

In order to effectively save for a down payment, people should start by determining how much money they will need to save. This information can help them determine how much money they will need to set aside on a weekly, monthly, or quarterly basis.

…

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Detroit Cost of Living: Detroit, MI Living Expenses Guide

Detroit is a community that is known by many names to many people. The city's most well-known name is the Motor City, gained after it became the home of the United States automotive industry. Music lovers may know Detroit as Motown, which became popular after Motown Records popularized the style of Detroit music. In the golden age of the Red Wings, Detroit also took on the name Hockey Town. A more recent campaign dubbed Detroit as "The D," and these are still just some of the different nicknames Detroit has collected over the decades. No matter what you call it, modern Detroit is many things to many people. Most importantly, more than 600,000 people call the city home.

Compared to other major cities, Detroit has a very low cost of living. Detroit's…

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Moving to Detroit: Detroit, MI Relocation & Homebuyer Guide

Detroit has a number of amenities that can make for a great experience. The community has an excellent entertainment scene with many great sports and theater options. It is also fairly easy to find inexpensive neighborhoods for people on a budget. Like many major cities in the US, Detroit sits near a body of water. The Detroit river is visible from downtown, and downtown Windsor, Ontario is visible across it. Residents can even visit Canada easily, if they have a passport.

This community embraces a wide variety of tastes and backgrounds, so everyone can find something they love. Here is everything you should know about relocating to the Motor City.

Table of Contents

• Cost of Living in Detroit
• Detroit Job Market
  • Largest Employers…

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What Home Buyers Should Know About Conventional Mortgages

When it comes to researching mortgage options, hopeful home buyers are bound to run into a number of terms that are unfamiliar to them. From ARMs to FHAs to DTIs, the list of mortgage categories and criteria can quickly start to blend together. As buyers explore the many options available, it's not always clear what the right choice is. Learn more about how conventional loans work and what every home buyer should know about them before they finance a property.

For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.

Conventional Loans Are Not Backed by the Government

USDA, FHA, VA: these loans are all guaranteed by the government. If a homeowner…

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