All Posts in Tag

real estate

Determining If Your Market Will Remain Profitable

Often times, you’ll hear us talk about the term ‘yield’ as a way of determining how much of your investment you’ll be getting back on your purchased home. This is usually displayed as a percentage, and will often factor into if you buy the idolized home or not. Ideally, you will want a higher yield,…

What You Need To Know Before Buying A $500 Detroit Home

We know that a $500 starting auction price for the 65,000 Detroit homes that have been foreclosed on sounds incredibly enticing. At Own It Detroit, we want to encourage you to take risks and find amazing deals, but even $500 homes come with hidden costs. The home may come with residents Many of these foreclosed…

Home Improvements That Are Sure To Attract Buyers

Did you recently purchase a Detroit home and are looking to renovate? If you’re not sure where to start, we have a short list of guaranteed return on investment deals, which are fairly easy and minimal renovations for your property. Remodeling Magazine recently published their list of the top 5 things that will improve the…

10 Things To Do When You’re Ready To Buy – Part 2

The first five steps we went over are personal areas that you can gather and accumulate quickly. However, if you’re looking to purchase your first property, chances are you will need a loan. Review these steps to help get your paperwork and finances in order to successful navigate through a home loan process. Prove history…

Going For A Dip In Detroit

When it comes to Detroit real estate renovation, it is a rare find to acquire a building that has not only stood the test of time, but is still in relatively good shape. Additionally, what about those with unique features such as swimming pools? Many old buildings that had pool houses have been filled and…

Where Do Millennials Want To Live?

When you’re starting your real estate venture, it’s important to consider not only location for where your purchased home or property will be, but who you think would consider buying or renting out your home. If you’re looking to spruce things up and keep things modern, you may want to reconsider how to target towards…

Use Tax Loopholes In Detroit Real Estate

As a real estate professional in Detroit, MI, money is often on your mind. What can I do to keep as much money as possible? How do I work around my taxes? Are there other options outside of placing it in a Swiss bank? Let’s go over a few ways you can properly and safely…

Tiny Homes Have Hit Detroit

Engineers and innovators have started becoming creative when attempting to tackle Detroit’s housing crisis. Their latest idea: converting old shipping containers. At the GM Assembly Plant in Hamtramck, new work has been started on renovating and repurposing old shipping containers into livable, retail, or workspaces for Detroit. Outside of working on cars, the engineers and…

Local Property Tax Is Dipping Down

Over 50% of Detroit homeowners will notice that their property taxes have dropped by at least 10% over the past year. This is due to a citywide effort to reappraise the values of Detroit homes and property. City officials believe that those living in the city of Detroit should be given an accurate reassessment of…