In today’s unpredictable economy, it’s fair to ask: Is now really the right time to buy a home?
For many Michiganders, the answer is still yes — but with a shift in mindset.
While mortgage rates, inflation, and market fluctuations dominate the headlines, homeownership continues to be one of the most reliable ways to build long-term wealth. Especially in regions like Michigan, where prices remain relatively affordable compared to national averages, buying a home is not just about putting down roots, it’s about making a purposeful investment in your financial future.
A Shift from Emotional to Intentional
In the past, buying a home was often driven by emotion: the dream kitchen, the perfect yard, the right “vibe.” But in today’s economy, buyers are getting smarter and more strategic.
This means:
- Choosing a home with a dedicated space to work remotely
- Looking for properties that can accommodate rental income (think basements, garages, or ADU potential)
- Prioritizing homes that may help reduce your tax burden through eligible deductions
- Viewing your home not just as shelter, but as a financial tool
In other words, purpose > Pinterest board.
Why Michigan Makes Sense
Michigan offers a unique combination of affordability, opportunity, and flexibility — especially for buyers thinking long-term.
According to data from Redfin, the median home price in Michigan is ~$250K, which remains significantly below the national average ($415K), and the state has seen increased interest from remote workers looking to escape higher-cost coastal cities. Detroit Free Press reports have noted rising demand for multi-functional homes and suburban living post-pandemic.
Whether you’re in Grand Rapids, Ann Arbor, or Metro Detroit, many neighborhoods offer buyers the chance to purchase at a reasonable price and customize a space that works for today’s lifestyle — and tomorrow’s goals.
Home as a Launchpad: Work, Build, Earn
1. Working From Home? Don’t Miss the Tax Deductions
If you’re self-employed or running a small business out of your Michigan home, the IRS home office deduction could help lower your taxable income. You may be able to deduct a portion of your utilities, internet, and even home repairs.
2. Add an ADU, Add Income
Accessory Dwelling Units (ADUs) — like a finished basement apartment, converted garage, or backyard cottage — are a growing trend across Michigan. Some localities (like Ann Arbor and parts of Lansing) are easing zoning restrictions to make it easier to build or convert space into rental units.
That extra unit could become monthly rental income, a guest suite, or even a flexible office or studio.
3. Home Equity: A Strategic Cushion
As you build equity in your home, it becomes a financial safety net. Whether you need to take out a home equity line of credit (HELOC) to fund a business, cover unexpected costs, or invest in upgrades — your home becomes leverage, not just liability.
Rethinking “Right Time”
The “right time” to buy a home isn’t just about interest rates or market trends — it’s about your plan. If you’re financially prepared and thinking intentionally, now can be the perfect time to invest in a home that supports your lifestyle and future goals.
Morty Can Help You Buy With Confidence
At Morty, we know that every buyer’s journey is unique — especially in today’s market. That’s why we built a platform that puts you in control:
✅ Compare multiple lenders
✅ Lock in your rate with confidence
✅ Get personalized support from start to finish
Whether you’re buying your first home in Kalamazoo or upgrading to a home office-ready space in Traverse City, I’m here to help you make your next move smart, strategic, and stress-free.
Ready to take the next step?
Start your mortgage journey today →
