I thought the national slowdown in the housing market would affect the renovation in Savannah ga, but it appears to still be ongoing. I've almost completed with the renovation of the place I bought on 39th Street near the Starland Art District and the other houses being rebuilt on the street have been completed. I will be looking for another one as soon as I rest up.
It's a continuing source of fascination to watch the old homes regain their character and neighborhoods being brought back to life. If I wasn't so old and my muscles didn't get so tired, I'd think about renovating full time. There's something very satisfying about working with the hands and rebuilding something old into something new while preserving its character.
In a few years I predict the whole area from Victory Drive to Gaston St will be completely renovated and walkable, urban neighborhoods will be rejuvenated -- businesses will follow with little shops and diners and art galleries sprinkled here and there. Some people aren't attracted to that style of living, but I am.
If you are interested in renovating older homes, email me at Mike@MikeFarmerRealty.com and I will let you know some the options I think make financial sense.