Purchasing A Historic Home

Buying a home can be one of the most stressful, yet satisfying, experiences that you will have in your adult life. There are so many factors that you must take into consideration before purchasing a home, such as a mortgage, maintaining curb appeal, and the resale value of the home. If you are considering purchasing a historic home, there can be an added level of stress and satisfaction. Historic homes are often times beautiful and can exist in any number of neighborhoods. You should be aware of a few things before you decide to purchase a historic home.

How Do You Know The Home Is Historic?

Many people who own historic homes might not even be aware that they are living in one. The fact of the matter is, a historic home is not necessarily more expensive than its non-historic brethren. A historic home might be deemed historic due to its location, its relevancy during a certain time period, or due to the architect who designed the home. When looking at homes, it might be wise to consult the website of The National Register of Historic Places. The NRHP is the institution that deems which homes are considered historical and will serve to help people register their homes as a historic home if it has some sort of historic legitimacy or value.

Benefits Of Owning A Historic Home

Perhaps the first and most obvious benefit of owning a historic home is the fact that, more often than not, historic homes are aesthetically pleasing. They hearken back to a time when architectural integrity and aesthetic facades were supremely valued. In addition to this, you will be involved in the preservation of maintaining the integrity of a building that the United States government deems historically valuable.

You may be offered certain tax incentives by the government as well, and you might receive grants if the government deems that you should be involved in the restoration of the home. There also might be valuable landscaping and outbuildings that are attached to the property as well, which would only serve to increase its property value.

Disadvantages Of Owning A Historic Home

Just as there are a number of advantages involved in owning a historic home, so too, are there disadvantages involved in owning a historic home. It should be noted that there are usually many restrictions involved in the ownership of a historic home. These restrictions can be fairly innocuous.

You might not be able to paint the exterior of the home, for example. Some are much more draconian, meaning that, aside from modern lighting and plumbing, you might not be able to change the home in any way. It's important to consult with the NRHP about what sort of restrictions are set in place with regard to your historic home.

Tips For Purchasing A Historic Home

First and foremost, make sure that you know the home that you are purchasing is a historical home. Do not get ripped off on this matter, and do not simply take the home owner  word for the matter. You should do some research, contact the NRHP, and familiarize yourself with the history of the home. Become involved with the historical aspect of the home and don't simply get caught up in the structural fact that the home is "historic". You should discover why it is historic and remember, due to your acts of preservation and ownership, you will become part of the home's history, as well.

Purchasing a historic home can be stressful, but it can also be a rewarding experience to live in a historic home and get to know your home's place in history.  For more information on purchasing homes in your area, click to learn more.