Things To Do in Hazel Park Michigan

Things To Do -Hazel Park Michigan

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Hazel Park Michigan is the home of many splendid things — we know it, because we live here. Beautiful scenery, majestic lakes, fabulous food, quirky locales and hidden gems just barely scratch the surface of what Hazel Park Michigan has to offer.

We asked staff members of the Hazel Park Press to share some of the best things to see and do in Michigan, based on our personal experiences. Here are 50 ideas you may want to add to your bucket list if you visit Hazel Park, MI.

Think we missed something? Add your bucket list item here and be sure to explain why it’s great.

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Real estate Niles MI style has something for just about everyone.

Bungalows, renovated 1930's farmhouses, modern ranches, two-stories and three stories fill the pages of the Niles Michigan real estate classifieds. If you are interested in buying, but you have problems with your credit, we have some suggestions. And, if you are a property owner, who needs to sell quickly, we have some suggestions for you, too.

Niles Michigan real estate is located in Berrien County, just north of the Indiana border, on the banks of the St. Joseph River. The wide range of available properties, with a wide range of prices, makes it difficult to estimate the average price of a home. Median prices are sometimes misleading, because they include undeveloped lots on the low end and corporate retreats on the high end. But, in the most recent updates for median prices of real estate Niles MI was at $124,900 for a home listed with a realtor and $74,798 for foreclosures.

Over the last several years, in all areas of the country, there have been fluctuations in the prices and values of real estate. Niles MI is no exception. So called "financial experts", the people we often rely on to guide us, cannot agree on what exactly is going on. Some say that soon values will go up. Others say not. Many bankers blame the increasing number of foreclosures on decreasing property values, making it difficult or impossible for owners to refinance.

But, that's not all of the different types of real estate Niles MI has to offer. Downtown Niles is a redeveloping area or shops, entertainment and services. They host numerous parades and events. Many downtown homes, at good prices, are included in the Niles Michigan real estate listings. And, if you want more night life, South Bend is very close by and Chicago is just a little farther away.

So, now you know what real estate Niles MI can offer, but you are still concerned about your credit. If you have steady employment, a few thousand dollars for the lease option consideration and are willing to work to improve your credit rating, then you can own a home, probably sooner than you think. You probably know that you can afford the monthly payments, so what are you waiting for?

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Michigan is the 38th state to take up a state wide smoking ban in restaurants. Not only will you not be allowed to smoke in restaurants, but any public place that employs people. This applies to places such as malls, concert halls, nursing homes and anyplace else that serves food or beverages or employs at least one person. For years, non-smokers have been complaining about the effects of second-hand smoke. Second-hand smoke has been proven to cause many diseases, including lung cancer and upper respiratory infections. Waiters and waitresses have been trying to get away from second-hand smoke as well as patrons.

Unfortunately, the best viable option is for the smoker to take a good look at their health and situation and try to quit smoking. Kicking the habit will afford many benefits to a person's health. Easier breathing, less colds and infections, and healthy lungs, to name a few. Over 5,000 Michiganians lose their life each year due to tobacco. Health care costs are soaring. Michigan's ban on smoking will help drive down these costs for non-smokers who previously were exposed to the second-hand smoke.

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Indianapolis and Detroit are popular markets for real estate investors due to affordable prices and good cash flow. Both markets offer strong ROI, but with very different risk/reward factors. Investors choosing between the two markets must consider their long term hold plans and risk tolerance.

Investors are drawn to Indianapolis for good, stable cash flow while others are flocking to Detroit betting on future equity appreciation. Detroit home prices dropped 60% from their peak level in 2006 and many investors are banking on values to come back. The law of physics doesn't necessarily work in reverse however, and what goes down doesn't always go back up.

Detroit's housing woes were not caused by overbuilding and appreciation like Phoenix, Las Vegas and Atlanta. Instead, Detroit's housing market collapse was a result of major job losses in the automotive industry. Detroit has lost 323,400 jobs since 2005 and has one of the highest unemployment rates in the country. Although the auto industry has shown signs of recovery and home prices seem to have stabilized, the economic recovery remains fragile and uncertain. Home prices remain 40 percent below peak levels. Vacant properties make up 23 percent of the total housing and the city has about 30,000 vacant homes.

Conclusions

Indianapolis and Detroit both offer attractive return on investment opportunities to investors, however, with very different risk-reward levels. Both markets offer comparable cash on cash returns. The difference is in the future upside equity potential.

Detroit is best suited for the more speculative investor seeking to maximize their ROI through the potential for future equity appreciation and can tolerate a higher risk factor.

Indianapolis is well suited for the more conservative investor that is looking for strong, stable monthly cash flow and preservation of equity. Local Market Monitor, Inc rated Indianapolis as the 3rd safest market for conservative real estate investors.


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