Why You Should Consider Buying a Home in Farmington Hills, MI

Why You Should Consider Buying a Home in Farmington Hills, MI

Why You Should Consider Buying a Home in Farmington Hills, MI: If you are currently in the market to purchase a home in the metro Detroit area, you’ll want to explore real estate listings in Farmington Hills. A wealthy suburb of Metro Detroit, Farmington Hills is situated in the southern part of Oakland County, MI, about 30 miles northeast of downtown Ann Arbor.

Farmington Hills was recently ranked as the fifth-best city in the state to live in Michigan and is currently home to approximately 81,230 people. Known for its strong sense of community, charming, historic downtown, and award-winning school system, Farmington Hills is a great place to buy a home and raise a family.

The wide range of affordability from entry-level homes to multimillion-dollar estates provides abundant opportunities for families to live in Farmington Hills and enjoy a quality lifestyle with top-rated schools. In order to find the perfect home in the right neighborhood, buyers will want to partner with an experienced real estate agent.

Tom Gilliam is an award-winning, professional Farmington Hills MI REALTOR® with over two decades of local experience. Offering extensive local market-knowledge, Tom can help you explore options and make the best home purchase decision. If you are ready to start searching for your dream home in Farmington Hills, feel free to call Tom directly at (248) 790-5594 or you can get in touch here!  


On our website, you’ll be able to search real estate listings in Farmington Hills –  updated daily! You can view photos of available properties, find detailed real estate information, create a free account, receive notifications of new listings that match your specific home criteria delivered directly to your email, and access to current market data. Also, be sure to scroll down below to learn more about Farmington Hills homes for sale and living in this desirable metro Detroit suburb: 

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As a top-rated Farmington Hills real estate agent, Tom keeps his finger on the pulse of the market at all times and is the first to know when new inventory becomes available, ensuring that his buyers have access to the best homes and securing an offer. 

Tom offers the kind of local market knowledge and insight into the different neighborhoods and communities in Farmington Hills that that few other agents can provide. He can inform you about the types of homes and features offered, school districts, surrounding area amenities, local community developments, and much more.

Streamline your home search by having Tom put together a list of Farmington Hills homes for sale that are the best fit based on your specific criteria in a home. Get the process started today by contacting Tom directly at (248) 790-5594 or get in touch with him here!  

Living in Farmington Hills, MI

Boasting a healthy local economy and steady job growth, Farmington Hills is home to a number of major corporations such as Nissan Technical Center and Nissan Trading Corp. Hitachi Automotive Services, Hino Motors Manufacturing, and branches of Panasonic, Mercedes Benz, and Greenpath. Other top Farmington Hills employers include Robert Bosch Corporation, Botsford Hospital, Quicken Loans, Cengage Learning Gale, and Chrysler Financial Services.  

Historic Downtown Farmington Hills

 Charming and Historic Downtown Farmington

Downtown Farmington is a charming, walkable destination with over 160 businesses from banks, to photography and yoga studios to one-of-a-kind shops along with a variety of local eateries. Also located downtown is Riley Park and Walter E. Sundquist Pavilion, home to the popular Farmington Farmers & Artisans Market that is held every Saturday. The best-known park event is Rhythmz in Riley Park, attended by about 500 people every Friday between the months of June and August.  

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Located less than 6 miles away in Novi is Twelve Oaks Mall, the dominant shopping destination of choice of metro Detroit. The mall features nearly 200 distinctive stores and restaurants such as Apple, Coach, Michael Kors, The CheeseCake Factory, and more.  

For parents with school-age children, most of Farmington Hills is served by the highly-acclaimed district of Farmington Public Schools, which is shared with nearby Farmington and filled with top-rated schools. School districts serving a smaller portion of the community include Clarenceville Public Schools and Walled Lake Consolidated Schools.

In addition, Farmington Hills has several private schools: The International School, The Maria Montessori Center, Mercy High School, St. Fabian Elementary and Middle School, Schoolhouse Montessori Academy – Farmington Hills, and Steppingstone School. Institutions of higher learning include branches of Michigan School of Psychology, Oakland Community College mi, and Wayne State University.

Heritage Park in Farmington Hills MI

Heritage Park in Farmington Hills

Farmington Hills has plenty of neighborhood and community parks offering a vast array of amenities. Parks and facilities in Farmington Hill include Costick Activities Center, Dog Park, Fishing Pier, Founders Sports Par, Golf Club & Driving Range, Heritage Park, Ice Arena, Jon Grant Community Center, Longacre House, Nature Center, Riley Archery Range, Skate Park, Splash Pad, and The Farmington Hills Community Center.

The 211-acre Heritage Park features 4.5 miles of trails for hiking and nature study which are also used for cross-country skiing during the winter months. The park features a large picnic area, splash pad, group picnic shelter, playground, in-ground grills, two sand volleyball courts, an in-line hockey rink, and six horseshoe pits. 

The Great Lakes are the dominant physical resource in the region and a number of inland lakes reinforce the popularity of water sports and water-based activities. Lake St. Clair, the Detroit River, and Lake Erie are all within an hour’s drive of Farmington Hills and attract boaters, swimmers and fishermen. The Upper Rogue River flows from Farmington Hills southward through the north and eastern portions of the City. 

 Farmington Hills MI Golf Club

Farmington Hills Golf Club 

For golf enthusiasts, the Farmington Hills Golf Club’s pristine 175-acre course offers one of the best-golfing venues in the area, with 18 challenging holes measuring 6,413 yards, manicured bent grass tees, fairways and greens, ponds, and gently rolling hills. Other golf courses in Farmington Hills include Copper Creek Golf Course (9 holes) and Glen Oaks Golf Course (9-holes).

Several major highways service the city. Grand River Avenue is a major east-west corridor through downtown Farmington. I-696 is about three miles north and I-275 about three miles west. The M-5 Freeway runs through the City and Eight Mile Road is on the southern border. Because of the excellent highway system, most sections of the metropolitan area are readily available to Farmington’s residents.

Suburban Mobility Authority for Regional Transportation (SMART) operates local and regional bus service for Farmington Hills. The closest major airport serving the city is Detroit Metropolitan Wayne County Airport located 30 miles from the center of town.  

Partner with Award-winning Farmington Hills REALTOR® – Tom Gilliam

2020 Best of Farmington Hills REALTOR - Tom GilliamWhether you’re in the market for Farmington Hills MI homes for sale or its time to list your current property, you need an agent who knows the area, processes a vast network of local connections, and has the skills and experience to negotiate like a pro.

Tom will protect your best interests, advocate for you, and skillfully handle all aspects of the buying process. With access to the most up-to-date Farmington Hills real estate listings, Tom has a gift for uncovering the perfect home for his clients’ lifestyle needs.

For sellers, Tom employs the most cutting-edge approaches to marketing your home to get it in front of as many qualified buyers as possible. You can be assured that Tom will get your home sold quickly and for the best price. 

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Tom works hard for his clients and provides the kind of personalized service you need a deserve when buying or selling a home. If you or someone you know is interested in Farmington Hills MI real estate, please give Tom Gilliam a call today at (248) 790-5594. 

Tom Gilliam, REALTOR®
RE/MAX Classic
29630 Orchard Lake Rd.
Farmington Hills 48334
Direct: 248-790-5594
Office: 248-737-6800
Email: Tom @ Homes2MoveYou.com
License #314578

Map of Farmington Hills, MI

How Much is My Farmington Hill MI Home Worth? 6 Factors That Influence Home Value

How Much is My Farmington Hill MI Home Worth? 6 Factors That Influence Home Value

How Much is My Farmington Hill MI Home Worth? 6 Factors That Influence Home Value: Determining the appropriate asking price for your Farmington Hills MI home is vital for a successful sale. Even if you have experience in the Farmington Hills / Oakland County MI real estate market, home prices can differ substantially from initial evaluations. Effective home valuations make the home selling process faster and less stressful, and knowing the right value of your home can help you secure a better deal. 

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It’s easier to avoid common home selling mistakes when you are aware of the factors that influence your home’s value, and pricing your Farmington Hills MI property correctly from the beginning is key. If you overprice your home, you could lose potential buyers that are actually in your price range. Your home will not be attractive to buyers in the higher price range compared to other similarly priced homes they are viewing.

The last thing you want is to have your property linger on the market and can create the vibe among buyers that there’s something wrong with it, otherwise known as a “stale listing.” Pricing your home too low may cause it to sell fast, but for less money than you would have received if priced at market value.  

Six key factors to consider when pricing or valuing Farmington Hills home for sale include comparable homes (comps), quality of the neighborhood, the market, nearby features, size and appeal, and age and condition of the home: 

1). Comparable Homes or “Comps”

One of the best indicators of your home’s value is the sale prices of similar homes in your neighborhood that have sold recently. These comparable homes are often referred to as “comps.” Most real estate experts will rely on comps to estimate a home’s value and will consider recency, similarity, distance, and location: 

  • Recency – homes that were sold recently or within the last 90 days
  • Similarity – homes that are most similar to your property in terms of features such as year built, two-story vs. ranch, number of bedrooms, bathrooms, basement, square footage   
  • Distance – homes in the same subdivision or sold within a one-mile radius of your property
  • Location – homes with the same placement such as on a busy street, cul-de-sac, golf course, or waterfront.

Agents will look into the difference between each comp’s listing price, and the price it sold for. Your agent will also rely on inside knowledge of housing inventory and the local market. That nuanced understanding is invaluable, particularly when measuring the unique aspects of your home with raw data about comps. They find these homes using the multiple listing service (MLS), a regional database of homes that agents pay dues to access. 

2). The Neighborhood

The neighborhood where the house is located will have an impact on a home’s value, responsible for both qualitative and quantifiable aspects of a home’s appeal. For example, school quality significantly affects home values and families often choose the location of their next home by where their children will go to school.

According to the National Bureau of Economic Research, there is a definite correlation between school expenditures and home values in any given neighborhood. A report titled, “Using Market Valuation to Assess Public School Spending,” found that for every dollar spent on public schools in a community, home values increased $20.  

On the other hand, if your property is the only house on the block that’s in great condition, or there are neighbors that have unkempt lawns, or other visual disturbances, then the value of your home could decrease. According to the Appraisal Institute, a bad neighbor could potentially reduce your home’s value by up to 10%. This sort of effect is referred to as external obsolescence, where external factors have an effect on your home’s value, instead of factors on your property that can cause a decrease.

3). The Local Market

The current state of the housing market will have an impact on your home’s value. Home prices are shaped by supply and demand and may fluctuate based on subtle changes in your area’s economy. Even if your home is in excellent condition and in a stellar location, the number of other properties for sale in your area and the number of buyers in the market can impact your home’s value.

If you’re buying in a buyer’s market, you’ll likely have more room to negotiate on the home’s price. If you’re selling in a buyer’s market, you may have to adjust the price to attract more offers or be willing to make concessions to a seller, like paying closing costs, covering repairs, or being more flexible with the timeline.

4). Home Size and Appeal

When estimating a home’s market value, size is an important element to consider, since a bigger home can positively impact its valuation. The value of a home is roughly estimated by price per square foot  (the sales price divided by the square footage of the home). For example, a 2,000 square foot house that sold for $200,000, the price per square foot would be $100. However, the price buyers will pay per square foot can vary greatly depending on the location of the home.

Usable space also matters when determining a home’s value. Garages, attics, and unfinished basements are generally not counted in usable square footage. Bedrooms and bathrooms are most highly valued, and the more beds and baths your home has, the more it will typically increase in value.

5). Home Age and Condition

In addition to size and appeal, you’ll need to think about the home’s age and condition. Typically, homes that are newer will sell for more than older homes because they will typically require less maintenance. Critical components like electrical, plumbing, appliances, and roofing are less likely to need repairs or replacement and can translate to savings for a buyer.

However, an older home that’s been well-maintained may sell for just as much as a newer home. Condition matters. A home’s foundation, structural integrity, electrical work, plumbing, and fixtures are all items worth considering.  

6).  Location in Relation to Nearby Features

Location can be more important than even the size and condition of the house when determining how much value to assign based on the location of the property. According to Inman, there are three primary indicators when assigning value: the quality of local schools, proximity to employment opportunities, and proximity to shopping, entertainment, and recreational centers.

These factors can influence why some neighborhoods command steep prices and why others that are only a few miles away don’t. In addition, a location’s proximity to highways, utility lines, and public transit can also impact a property’s overall value. 

Keep the above factors in mind when pricing your home to help attract serious buyers and to prevent long days on market, which ultimately come at a cost. Even after the listing date, price should be an ongoing discussion between you and your agent. Markets are fluid, so you may have to make some tweaks when all is said and done.

Ready to Sell Your Farmington Hills MI Home? Partner with Top-rated Farmington Hills MI REALTOR – Tom Gilliam

Top-rated Farmington Hills REALTOR® – Tom Gilliam has over two decades of experience helping home buyers and sellers realize their dreams in Farmington Hills MI and the surrounding Oakland County area. Tom offers in-depth local market knowledge and employs the latest technology and the most cutting-edge approaches to marketing your home to get it in front of as many qualified buyers as possible.

You can be assured that Tom is 100% committed to getting your home sold as quickly as possible and for the highest market price. For more information about buying or selling Farmington Hills MI real estateplease contact Tom directly at (248) 790-5594 or get in touch with him here!  

Tom Gilliam, REALTOR®
RE/MAX Classic
29630 Orchard Lake Rd.
Farmington Hills 48334
Direct: 248-790-5594
Office: 248-737-6800
Email: Tom @ Homes2MoveYou.com
License #314578

 

Advantages of Moving Out of The City to The Farmington Hills MI Suburbs 

Advantages of Moving Out of The City to The Farmington Hills MI Suburbs 

Advantages of Moving Out of The City to The Farmington Hills MI Suburbs 

Thinking of moving out of the city to the Farmington Hills MI suburbs (a northern suburb of Metro Detroit)? With social distancing becoming the new norm these days, many people are trading in their small city dwellings for more indoor/outdoor space in the suburbs. The need for more space and more privacy during the COVID-19 pandemic are two of the main reasons why city dwellers are making the move to the burbs.

Also, with so much economic uncertainty and social unrest in the air, the feeling of space and general ease of life brings with it a slower, less stressful pace compared to city-living. While it can be fun and exciting and very convenient to live in the city, especially if your job is there, suburban life does have its own advantages.

Here are 6 advantages to think about if you are considering a move out of the city to the Farmington Hills MI suburbs:

1). More Indoor/Outdoor Space

For growing families, owning a larger home in the suburbs with more bedrooms and bathrooms will allow your kids to have their own rooms if they don’t already, and you will have more privacy. You will also likely enjoy more distance between you and the neighbors – unlike in a city, where people are living in close quarters. Another huge benefit of moving to the suburbs is having a yard with outdoor space. From backyard gardens to barbeques to swing sets to having your own swimming pool, your family’s quality of life could dramatically improve with easy access to a private outdoor space.  

2).  Better School Systems

For families with school-age children, school systems in the suburbs have a reputation for being better than their inner-city counterparts. Since property taxes tend to be higher in the suburbs, schools benefit from a bigger budget when compared to city schools. Many suburbs are home to top-rated public and private schools and typically have less crowded classrooms and more teachers. It is also easier for kids to be social in a family-friendly suburb. Suburban children will typically attend school with neighboring kids, making after-school activities and playdates easier to coordinate.   

3).  More Peace and Quiet

Anyone who has ever lived in the city knows that it can be downright loud. From honking cars and blaring sirens to the everyday hustle and bustle of urban life, you won’t get a lot of peace and quiet in the city. Even a suburb with a vibrant social scene and urban amenities galore will tend to be more laid-back and peaceful than a busy city center. So, If peace and quiet are what you’re craving, adopting a suburbanite lifestyle may be a  good option.

4). More Convenience

City life is a lot of things – but it’s not always convenient. Fighting crowds and busy traffic on a daily basis is enough to raise anyone’s stress levels. Not to mention, make life harder in general. In addition, most cities have limited and expensive parking, leaving many residents to take (often unreliable) public transportation to get to work, restaurants, and other activities. The suburbs, on the other hand, offer extremely convenient access to shops, restaurants, and other amenities. Assuming you don’t have to deal with a long work commute, moving to the suburbs could be the most convenient option for you and your family.

5). Lower Overall Cost of living

As a general rule, the overall cost of living tends to be less in the suburbs than that of the city on average. Forbes reports that the average rent in a U.S. city is $1,848 per month. In the suburbs, rent drops to $1,269 per month – $578 less per month than city living. Rent and house prices are generally more affordable, as are commodities such as food and gasoline. These things can all add up, and while commuting from the suburbs can take longer and may be pricier, the benefits tend to outweigh the costs. On the plus side, time spent commuting to work on public transportation (such as a bus or a train) can be used productively – listening to a podcast, catching up on news, reading a great book, or working.  

6). Closer to Nature 

A consistent appeal of suburbia for many folks is to be closer to nature and green space. While suburbanites appreciate their proximity to urban amenities without having to actually live in the big city, they also often appreciate more open space and closeness to nature. There are often more trees, greenery, parks, and open grassy areas in the suburbs where residents can feel more connected to their environment. Far from the sirens and sounds of city traffic, this can provide more peace.

Living in the Farmington Hills MI suburbs can offer a greater quality of life and a much happier environment for the entire family when compared to the lack of personal space, everyday stresses, and pressures of living in the city.  

Living in Farmington Hills MI

Buyers who are looking to purchase a home in the metro Detroit area should consider Farmington Hills MI homes for sale. A small, wealthy city in Oakland County, Farmington Hills is part of the northwestern suburbs of Metro Detroit, located about 30 miles northeast of downtown Ann Arbor.

Farmington Hills has a charming, historic downtown area, which has recently seen extensive development along with an award-winning public school system. With a population of 81,235 and a median household income of $76,637, Farmington Hills was recently ranked as the fifth-best city in the state in which to live by Chamber of Commerce (a digital-based company). 

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Search the MLS for Oakland County MI Homes for Sale

The wide range of affordability from entry-level market-rate homes to multimillion-dollar estates within the greater Farmington area provides abundant opportunity for families to move here and enjoy a strong sense of community with access to top-rated, public schools.

TIME magazine also picked Farmington Hills as the best place to live in Michigan based on factors such as strong economic and educational performance, convenience, safety, and pleasant way of life. In order to navigate the local market and find the perfect home in Farmington Hills, buyers will need to partner with a qualified, local agent. 

Top Farmington Hills REALTOR® – Tom Gilliam has over two decades of experience assisting home buyers and sellers in Farmington Hills and the surrounding Oakland County area.  Tom offers in-depth local market knowledge and has all the resources and information you need for making the best home purchase decision.

For more information about Farmington Hills MI real estate, call Tom directly at (248) 790-5594 or get in touch with him here!  

Tom Gilliam, REALTOR®
RE/MAX Classic
29630 Orchard Lake Rd.
Farmington Hills 48334
Direct: 248-790-5594
Office: 248-737-6800
Email: Tom @ Homes2MoveYou.com
License #314578

 

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