Michigan Real Estate Video Blog with Ken Pozek

There are many great Novi and Northville area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (248) 345-4894 for a FREE home buying or selling consultation to answer any of your real estate questions.
Spring Real Estate Update for the Northville AreaToday I wanted to do a quick video update for you about what has been happening in our local Northville market. If you've talked to me at all in the last few years, then you know that the market is in a great recovery. 

• Home values have shot up by 30% since 2011.
• Things have gotten a bit stagnant in the last few months because of poor weather - but in the last 7 days, 116 new homes have hit the market. 
• Only 57 of these have sold, and 42 homes have lowered their listing prices since being on the market.
• This would indicate to me that these homes were initially overpriced, or that buyers simply aren't as interested in buying as they were at this time last year. 
• It's a good time to be a buyer here in the Northville/Novi area because there are twice as many listings on the market than what we are actually selling. This doesn't mean that inventory is large, but it does give buyers a chance to take a short breath and find the most suitable property available. 
• If you're a seller, it's critical that you price your home right and to make sure that your home is marketed to the maximum amount of buyers. 

Hopefully this information has been beneficial to you. If you have any questions or comments, then please contact me and I would be very glad to assist you.
Consider me your #1 resource for real estate in the Northville and Novi areas!

There are many great Novi and Northville area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (248) 345-4894 for a FREE home buying or selling consultation to answer any of your real estate questions.

Spring Cleaning: Which Remodels Bring You the Most Return on Investment?

With spring time is right around the corner, I have been receiving phone calls from past, present and future clients who are thinking about remodeling their homes. If you are thinking about doing this as well, I have two articles will help guide you in your decision.

The first article, which can be viewed here, is a list that the National Association of Realtors, coupled with the National Builders Association, compiled on home renovation costs and their return-on-investment nationwide. These numbers may be slightly different locally, but overall they are spot on. This list ranges from changing your front or garage door to full-scale kitchen remodels.

I have been finding that people generally believe that if they remodel their kitchen, they will receive more money for the sale of their home. They may receive more money, but the cost of the kitchen remodel will typically outweigh the extra money received in your sale price.

The second tool that I wanted to show you was houzz.com. Houzz is a website that you can visit for inspiration during your remodeling projects. If you’re looking to remodel your kitchen, bathrooms or outdoor spaces, you can view other people’s finished projects and even find out, for example, what type of back splash or refrigerator they used. You can also find out who designed it and where they are located! To save your ideas, Houzz has a great feature, the “Ideabook,” that allows you to save your favorite projects in order to show them to your contractor.

As always, your referrals are very important to me and are the lifeblood of my business – so please keep sending them along. Thank you and I look forward to seeing you around town!