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Historic vs. New: Compare Your Options for a Home Purchase

There is something charming about moving into a home with history. While many families love the feeling of new construction and a custom-built family home, other people prefer to buy an existing property with character. These historic homes have a rich history and carry the stories of people who lived there for so many years. It is a unique experience to move in and make the home your own.

Considerations When Purchasing a Historic Home

If you want to buy a home with character, then it is important to understand your limitations and the possibilities for the property. Often, homeowners invest a bit of money into renovation projects to not only update the living areas, but also to protect and preserve the history of the building.

Keep in mind that many historic towns have planning commissions that oversee the historical aspect of the neighborhood. Certain guidelines will need to be followed, and you might need to obtain approval before making changes that affect the facade of the property.

Also, architectural elements need to be evaluated. You can’t just knock out walls or match the crown moldings and wainscoting without a consultation with an architectural expert. Most of these historic homes are in conditions that are less than perfect, which means a little bit of TLC will likely be required to ensure the home matches the needs of your family. You might even consider the services of an architectural salvage company or a restoration contractor that specializes in historic renovations.

Avoiding Extensive Maintenance and Repair Work

When buying an older, historic home, you need to know that maintenance and repair work will be part of the package. Not only do you need to think about the appearance and comfort of the home, but there are possibilities of problems with major systems such as electrical or plumbing.

If you don’t want to spend money, time, or energy on these tasks, then it might make sense to choose a newer, move-in ready property instead. A real estate agent can help you find the right home that offers the comfort levels you desire, without the need for major updates or renovations.

There are pros and cons to new construction and historic homes, so it’s up to you to decide on the property that will be a good fit for your preferences and personality. History buffs find it fulfilling to put in the money and time commitment to create a one-of-a-kind home. If you are someone who appreciates the architecture and you enjoy DIY renovation projects, then a historic home might be the right solution for your needs.

The best way to get started is to share your vision and wish list with an experienced real estate team. DUFFY Realty can help you find the property that will be perfect for your family. Call today: (678) 318-1700

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