With about 8.5 million tourists visiting Savannah every year, it’s a perfect home for those who would like to earn extra bucks as a tour guide. With such a high volume of annual visitors, there are of course millions of people looking for a property to rent or to buy – for both residential and commercial purposes.
You can also consult Savannah area realtors for professional help to find a home in this amazing city.
For now, we are taking you to a few important things you should consider before buying or when looking for a home in Savannah.
3 Things to know before buying a home in Savannah:
1. Consider Savannah's Tax System for New Residents
The first thing you need to do when buying a property in Savannah is to figure out how much you’ll pay in taxes.
Savannah has a progressive tax system — the more money you make, the higher the percentage tax rate you have to pay. This makes sense since it means that those who can afford it pay more in taxes.
2. Get investment idea
Savannah is a beautiful city with a lot of history. It also has a reputation for being an extremely walkable city. When deciding on where to live, proximity to what matters to you is an important factor. The Victorian District, Ardsley Park, and Starland District are all popular areas.
3. Know popular areas around
When it comes to moving to Savannah, before you do anything else, it's important to figure out your budget. Once you know what you can afford, you can start looking at properties. It may also make sense to get a pre-approval letter from your bank so that when you find a property, you can make an offer right away.
The city has been recognized for its friendliness and historical significance. Its rich history and natural beauty are matched by a variety of cultures, providing an exceptional destination for home buyers. The above guide will help you conveniently finding a home in Savannah. So catch the above-mentioned few things before shifting to Savannah being a resident!