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Buying Fixer-Upper Real Estate in Douglasville Georgia
- Real Estate Relocation
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When you first start looking for homes in Douglasville Georgia you may find some “steals” on the Web. Homes that are advertised as handyman’s specials. It is very important to look at the neighborhood when looking at these houses. If the homes surrounding the house in question are well maintained and it is a nice neighborhood, then you should calculate what it will take to improve the home to a comparable standard. If the cost of the fixer-upper and the cost of the home improvements is still under the median cost of other houses in the neighborhood and you have the skills or the cash to do the repairs, then buying a fixer-upper might be a good investment. You can then make the house into your home!
However, beware of homes that are extremely cheap in neighborhoods that are in a decline. The home’s price may be not only a reflection of the condition of the house, but of the declining neighborhood. This is where a Douglasville Real Estate agent who is an expert in Relocation to Douglasville Georgia can help you evaluate whether the purchase will be a sensible investment for you. Click on the FREE “Relocation to Douglasville Georgia” real estate information package. One of our Douglasville Georgia Real Estate agents will contact you to help with your relocation to Douglasville Georgia.
Whatever you do, if you are considering buying a fixer-upper home, make sure you have it inspected by a qualified home inspector. Place a contingency clause in the contract subject to approval by you of improvement estimates. Repairs that you guess may take $10,000 may end up costing twice that! Make sure that before you close you have the necessary skills and assets to turn the house into a home within your budget! Click on the link above and our New Quest City Douglasville Real Estate agent can help you with your relocation to Douglasville Georgia by providing guidance and expert advice on every process of the purchase.
FINANCING A FIXER-UPPER. Some mortgage lenders will allow you to close on the home with a construction loan and then place permanent financing on the home as soon as the repairs are made. This gives you the freedom to put your cash down on the home to benefit from reducing or eliminating Private Mortgage Insurance without having to come up with additional cash to do the improvements. Your New Quest City Douglasville Georgia Relocation Realtor can help you find a local mortgage company that can help you with a construction loan.
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Located at a natural rise in the topography, Douglasville was originally known as Skint Chestnut. The name derived from a large tree used by Indians as a landmark, which was stripped of its bark so as to be more conspicuous.The Town of Douglasville was established by the Georgia General Assembly on February 25, 1875. The boundaries were as follows: The center shall be a point directly opposite the court house in said town, on the Georgia Western Railroad, thence running along the center of said road each way three-fourths of a mile, and extending one half mile each way from the center of said road, the form of said territory to be an oblong square.While Downtown hosts many shops and eateries, the main business area in Douglasville is located south of the City between Chapel Hill Rd and Ga Hwy 5, around the Douglas Blvd Corridor. Arbor Place Mall is located in this area as well as many major retail stores and fast food chains. -- Source: Wikipedia.com
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Census Data for Douglasville, Georgia
| Douglasville | Georgia | United States | |
| Population | 20,065 | 8,186,453 | 281,421,906 |
| Median age | 31.3 | 33.4 | 35.3 |
| Median age for Male | 30.2 | 32.1 | 34 |
| Median age for Female | 32.2 | 34.6 | 36.5 |
| Households | 7,286 | 3,006,369 | 105,480,101 |
| Household population | 19,505 | 7,952,631 | 273,643,273 |
| Average household size | 2.68 | 2.65 | 2.59 |
| Families | 5,078 | 2,111,647 | 71,787,347 |
| Average family size | 3.16 | 3.14 | 3.14 |
| Housing units | 7,903 | 3,281,737 | 115,904,641 |
| Occupied units | 7,286 | 3,006,369 | 105,480,101 |
| Vacant units | 617 | 275,368 | 10,424,540 |
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