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Home Renovations, Additions Permits Up In Cascade

Permits for new single-family homes have fallen over the last year.

New single-family home permits are down 23 percent in southwest Atlanta, according to a Patch review of building permits issued by the city of Atlanta Department of Planning and Community Development.

The number of minor home repair permits has also fallen.

But the number of permits issued for major renovations and alterations in the community has increased.

From January through September 2011, there were 41 new single-family building permits issued in the southwest Atlanta zip codes of 30310, 30311, 30318 and 30331. That's 12 fewer than the same period last year, when 53 permits were issued.

The first three quarters of 2011 saw 117 permits approved for renovations and additions to single family homes. That’s an increase of 12 permits compared to the same period last year, or 11 percent. Renovations and alterations can include a variety of projects such as adding an additional story onto a residence or finishing out a basement to adding a new roof or installing an outdoor deck, according to the department.

"The effects of foreclosures are really holding growth and development back," said Sam Carroll, an independent Realtor selling homes in Waterford Commons, a development in the 30331 zip code.

Azalea Homes is currently building 78 houses in Waterford Commons, with 60 more sites to be developed in two future phases.

Though permits for renovations are up, permits for smaller repairs to existing homes have fallen 22 percent. In the first three quarters of 2011, 296 permits were issued, down from 380 permits issued over the same period last year. Repairs include non-structural items such as floor coverings, new bath fixtures, gutters and doors.

"Those people who have the ability to purchase are taking advantage of falling home prices," Carroll said. "I've seen homes in southwest Atlanta and south Fulton that were selling for $200,000 and $130,000 in April and May, now selling for $95,000 and $115,000.

"I'm hoping the market has bottomed out," he added. "But people in the industry who I've spoken with, think it will be 2013 or 2014 before things get better."

Permits By Zip Code

 

New Single-Family Homes Permits 2010 2011 Q1-Q3 Q1-Q3 % change 30310 4 11 175% 30311 3 1 -67% 30318 43 22 -49% 30331 3 7 133% TOTAL 53 41 -23%  Single-Family Home Renovations and Alterations Permits 2010 2011 Q1-Q3 Q1-Q3 % change 30310 25 22 -12% 30311 8 16 100% 30318 51 65 27% 30331 21 14 -33% TOTAL 105 117 11%  Single-Family Home Repairs Permits 2010 2011 Q1-Q3 Q1-Q3 % change 30310 123 113 -8% 30311 75 63 -16% 30318 107 72 -33% 30331 75 48 -36% TOTAL 380 296 -22%

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