Historic homes can be beautiful, there’s no denying that, but there are a lot of things to consider before you sign your name on the dotted line. Below are just some of the things to consider before purchasing a historic home.
Depending on how old the home is, and the municipality the home is located in, there can be strict restrictions when it comes to renovating a historic home. It is normal to need additional layers of approval to make any changes to a historic home. These restrictions can make renovations take longer and cost a lot more. In some cases, you may not even be able to renovate a home the way you would like to depend on the restrictions in place. Consult your local officials to determine how much control community officials have over your renovations.
Historic homes tend to need more attention and care than newer construction properties. Getting a thorough home inspection is pertinent for any home purchase but is especially important when buying a historic home. Knowing what you are getting into before the home is your responsibility will help you determine if you can financially handle a historic home or if the cons of a property outweigh the pros.
For more information on buying historic homes, especially in a specific city or town, we suggest speaking to your real estate agent. Don’t have an agent yet? Give us a call at 1-800-SOLD and we’d be happy to help you find the right agent for you.