Real Estate in Georgia
Last updated on Mar 12, 2023
Summary: An expat looking to buy a home in Georgia Rep should start by researching the local real estate market and familiarizing themselves with the different neighborhoods and areas. They should also consider their budget and what type of amenities they are looking for in a home. Homes in Georgia Rep typically include amenities such as air conditioning, central heating, and modern appliances. Many homes also have balconies, terraces, and gardens. Foreigners are allowed to purchase property in Georgia Rep, however, there are certain restrictions in place. For example, foreigners are not allowed to purchase agricultural land or land located in border areas. Additionally, foreigners must obtain a permit from the Ministry of Economy and Sustainable Development in order to purchase property.
How do I find a place to live in Georgia?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"When looking for a place to live in Georgia, you can start by researching the state's main cities. Explore the cost of living, public transportation, and rental platforms for the city you are interested in. Additionally, you can look for local resources and real estate agencies, either online or in person, that can help you find your ideal home. Consider what type of residence you want to live in - brownstone, condo, apartment, or house. Additionally, think about what other amenities are important to you such as access to parks, public transportation, or grocery stores. With this information in hand, you will be set to find the perfect place to live in the Peach State," explained one person living in Georgia Rep.
What is a typical expat home or apartment like in Georgia?
"Expat homes and apartments in Georgia are typically spacious, comfortable, and well-furnished. With modern amenities, they offer plenty of privacy and security. Most apartments come with their own balconies, terraces, or private gardens, giving occupants a chance to enjoy some fresh air and disconnect from the hustle and bustle of the city. Expat homes in Georgia are typically beautifully decorated with wooden floors, classic furniture and even art pieces, reflecting traditional Georgian interiors in a contemporary and stylish way. Moreover, larger expat homes usually come with full-fledged housekeeping services along with a handyman, laundry, and security personnel," said one expat who made the move to Georgia Rep.
What is the average cost of housing in Georgia?
If you are thinking about moving to Georgia, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Georgia is relatively high, with prices varying greatly from city to city. Renting an apartment in the state is generally more expensive than other parts of the United States, with an average middle range price of around $1,000-$1,500 a month. Buying a home can also be expensive, with median list prices of over $200,000. Generally, the more urban and rural areas of the state tend to have higher housing costs than suburban areas," said one person in Georgia Rep.
Should I buy or rent a home in Georgia?
If you have not spent a lot of time in Georgia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"It is ultimately a personal decision as to whether you buy or rent a home in Georgia. Buying a home in Georgia means you will have to pay closing costs, such as insurance, title search and some other costs, as well as a mortgage. Renting a home in Georgia often does not require a down payment and can provide more flexibility in regards to location, as well as the length of your rental agreement. Consider the costs and benefits of each option in light of your personal budget, needs and preferences to decide the best course of action," remarked one member in Georgia Rep.
What do I need to know when buying property in Georgia?
When we asked expats what advice they would give a foreigner before buying a property in Georgia, they said:
"1. It is important to find a real estate agent who is licensed, experienced, and familiar with the Georgia real estate market. 2. Be sure to read all closing documents for the property carefully before signing them. 3. Get a home inspection done to ensure there are no underlying issues with the property. 4. Consider researching Georgia homestead and exemption laws to determine if you are eligible for property tax breaks. 5. Familiarize yourself with the Georgia Landlord Tenant Act and other tenant and landlord laws in the state. 6. Make sure you understand the purchase agreement and any other legal documents related to the purchase of the property. 7. Research zoning laws in the area to make sure you are compliant. 8. Make sure all reparirs are evidenced in the purchase contract. 9. Have a clear idea of your financing options and research mortgage rates in the market," said one person in Georgia Rep.
Are foreigners allowed to own property in Georgia?
When we asked expats what advice they would give a foreigner before buying a property in Georgia, they said...
"Yes, foreigners are allowed to own property in Georgia. According to the Georgian Law on Property, foreign citizens and stateless persons are allowed to own real estate in Georgia, provided that they have a valid residence permit. Foreigners may also purchase land and buildings, but they are not allowed to own agricultural land. Additionally, foreign citizens may acquire ownership of real estate through inheritance or donation," explained one person living in Georgia Rep.
What appliances are typically included in a rental?
We asked foreigners in Georgia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"When renting a home in Georgia, most rental properties come equipped with a stove/oven, refrigerator, microwaves and air conditioning. Other commonly included appliances may include a dishwasher, garbage disposal, washing machine and dryer. Depending on the specific property, additional features such as a built-in vacuum system, water softening system and security system may be offered as well," remarked one foreigner who made the move to Georgia Rep.
Additional Information about Searching for a Home in Georgia:
We asked foreigners in Georgia what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Georgia by looking online for real estate listings, contacting a real estate agent, or searching for rental properties. They can also search for homes in Georgia by attending open houses, visiting neighborhoods, and researching local communities. Additionally, expats can ask friends and family for recommendations or look for online forums and discussion boards to get advice from other expats who have already moved to Georgia," wrote one expat who made the move to Georgia Rep.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
- Georgia Rep Guide
- Healthcare & Health Insurance in Georgia Rep
- Members Talk about Healthcare & Health Insurance in Georgia Rep
- Guide to Real Estate in Georgia Rep
- Pros & Cons of Living in Georgia Rep
- Cost of Living in Georgia Rep
- Residency Guide to Georgia