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Buying Fixer-Upper Real Estate in Columbus Ohio
- Real Estate Relocation
When you first start looking for homes in Columbus Ohio 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 Columbus Real Estate agent who is an expert in Relocation to Columbus Ohio can help you evaluate whether the purchase will be a sensible investment for you. Click on the FREE “Relocation to Columbus Ohio” real estate information package. One of our Columbus Ohio Real Estate agents will contact you to help with your relocation to Columbus Ohio.
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 Columbus Real Estate agent can help you with your relocation to Columbus Ohio 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 Columbus Ohio Relocation Realtor can help you find a local mortgage company that can help you with a construction loan.
Topics on this site include: Columbus homes, Columbus new homes, Columbus real estate and Columbus newspaper including homes Columbus real estate, Columbus OH real estate and check Columbus MLS homes for sale and houses for sale, find realtors and real estate agents, get new houses plus Columbus new homes and homebuilders, find Columbus foreclosures, Columbus houses for sale, condominiums and Columbus Condos, and Columbus OH newspaper reports, lofts and Columbus lofts homes, look for apartments townhomes townhouses, search jobs and help wanted, movies, bars, restaurants and events, Columbus luxury homes.
Columbus is the capital of the U.S. state of Ohio. Founded in 1812 at the confluence of the Scioto and Olentangy rivers, it assumed the functions of state capital in 1816. According to the 2000 census, Columbus has a population of 711,470 residents, making it the largest city in Ohio and the 15th largest in the United States. The population increased to an estimated 730,657 in 2005[1]. The greater Columbus metropolitan area has a population of 1,708,625 as of 2005[2], ranking it third in Ohio (behind Cleveland and Cincinnati) and 31st in the United States. With regard to the Combined Statistical Area (which includes Chillicothe and Marion), Columbus ranks 24th in the country with approximately 1.84 million residents. -- Source: Wikipedia.com
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Census Data for Columbus, Ohio
| Columbus | Ohio | United States | |
| Population | 711,470 | 11,353,140 | 281,421,906 |
| Median age | 30.6 | 36.2 | 35.3 |
| Median age for Male | 29.8 | 34.9 | 34 |
| Median age for Female | 31.6 | 37.5 | 36.5 |
| Households | 301,534 | 4,445,773 | 105,480,101 |
| Household population | 693,811 | 11,054,019 | 273,643,273 |
| Average household size | 2.3 | 2.49 | 2.59 |
| Families | 165,380 | 2,993,023 | 71,787,347 |
| Average family size | 3.01 | 3.04 | 3.14 |
| Housing units | 327,175 | 4,783,051 | 115,904,641 |
| Occupied units | 301,534 | 4,445,773 | 105,480,101 |
| Vacant units | 25,641 | 337,278 | 10,424,540 |
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