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Buying Fixer-Upper Real Estate in Dayton Ohio
- Real Estate Relocation
When you first start looking for homes in Dayton 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 Dayton Real Estate agent who is an expert in Relocation to Dayton Ohio can help you evaluate whether the purchase will be a sensible investment for you. Click on the FREE “Relocation to Dayton Ohio” real estate information package. One of our Dayton Ohio Real Estate agents will contact you to help with your relocation to Dayton 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 Dayton Real Estate agent can help you with your relocation to Dayton 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 Dayton Ohio Relocation Realtor can help you find a local mortgage company that can help you with a construction loan.
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Dayton is a city in southwestern Ohio, United States with a population of 166,179 (2000). It is the county seat and largest city of Montgomery County. The Greater Dayton area or Dayton metropolitan area encompasses a number of contiguous communities outside Dayton city proper, including Vandalia, Trotwood, Kettering, Centerville, Beavercreek, West Carrollton, Huber Heights, Troy, and Miamisburg, with a population of 848,153 (2000). Dayton is situated within the Miami Valley region of Ohio, just north of the Cincinnati metropolitan area. Daytons major metropolitan city neighbors are Toledo,Ohio & Detroit, Mi to the north, Columbus, Ohio to the east, Indianapolis, In to the west and Cincinnati to the south, all less than 3 hours drive. -- Source: Wikipedia.com
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Census Data for Dayton, Ohio
| Dayton | Ohio | United States | |
| Population | 166,179 | 11,353,140 | 281,421,906 |
| Median age | 32.4 | 36.2 | 35.3 |
| Median age for Male | 30.8 | 34.9 | 34 |
| Median age for Female | 34.1 | 37.5 | 36.5 |
| Households | 67,409 | 4,445,773 | 105,480,101 |
| Household population | 155,350 | 11,054,019 | 273,643,273 |
| Average household size | 2.3 | 2.49 | 2.59 |
| Families | 37,615 | 2,993,023 | 71,787,347 |
| Average family size | 3.04 | 3.04 | 3.14 |
| Housing units | 77,321 | 4,783,051 | 115,904,641 |
| Occupied units | 67,409 | 4,445,773 | 105,480,101 |
| Vacant units | 9,912 | 337,278 | 10,424,540 |
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Other Area Cities: Dayton Beavercreek Bellbrook Centerville Englewood Springboro Vandalia Xenia Huber Heights Kettering Miamisburg Trotwood West Carrollton Fairborn
Other Popular Ohio Cities: Cincinnati Columbus Dayton Lima Marysville Toledo Youngstown
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