Buying-Selling Historic Homes

Dated: 03/05/2019

Views: 276

The first time when I walked into Historic Home in Clinton, I was amazed to see the beauty of architectural home and all the different characteristic of the gorgeous mansion. As my buyers were looking to buy Historic property, I started getting more into the historic homes. As you all know Massachusetts have great history, the state has very rare and historical buildings and homes throughout the state.

The curiosity and my eagerness to learn more about historic homes pulled me to get more into reading about historic homes, their values, legacy and from then I started attending training sessions on Historic homes. That learning process was an eye opener on how buyers/sellers think differently when it comes to historic home.

Personally, I am a very big fan of historic homes, they are very charming, with full of character, there sturdiness, the beautiful work and details of woodwork and carpentry and along with that it represents the special aspects of an historical era which we all should cherish. But when it comes to buying historic homes many people hesitate to think about older homes or Historic homes. Let’s discuss my findings.

(picture courtsey:- www.historicnewengland.org)

Now here are some pros and cons of historic home.

Pros:

Historic homes have

1) Stunning architectural styles

2) Unique historical stories to tell

3) Legacy carried out through golden era

4) Famous past owners

5) Hidden rooms or areas in the house

6) Historical site

7) The character and charm

Cons:

1) Historical homes need work 

2) Local/State government rules 

3) Mismatch renovations/ repairs

4) Home Insurance could be on higher side

5) Few unwanted surprises

Architectural Styles of Historic Homes -

Any historic home is not a cookie cutter home It’s style and character speak for itself. Historic homes are often constructed in stunning architectural styles including Mid-century, Georgian, Colonial, Federal, Victorian, Spanish and more. Each home with a distinct old style and you will surely enjoy that.

a) American Colonial (17th -18th Century Style Homes)

b) Federal (1780- 1820)

c) Cape Cod (1690’s – mid 1800’s)

d) Greek Revival (1815- 1860)

e) Gothic Revival (1840-1880)

f) Victorian Style (1837-1901)

g) Queen Anne (1880- 1910)

h) Shingle style (1880- 1900)

i) Colonial Revival (1880 – 1955)

j) English Revival (1890 – 1940)

k) Modern Styles (1900 – 1950)

How to know if your home is “historic”

When home buyers looking at the homes sometime, they do not know the difference between an old house and a historic house. To find out whether the house you are looking for is historic or not there is “The National Registry of Historic Places, managed by the National Park Service” (www.nps.gov/nr/)

Historic homes have certain official list that differentiates an old home from a historic home. Historic homes have been officially registered and designated as “historic” due to their age, architectural style and/or overall significance.

Should you buy a historic home?

If you like the beauty and charm of older homes, different architectural feeling then before buying a historic home, be sure to weigh the pros and cons mentioned above.

Ask the questions to yourself if owning a Historic home brings the joys filled with its own history, charm and character outweighs the pain of possible repairs, high insurance rates and strict rules – then you have your answer. While historic homes are often considered “high maintenance,” owners will tell you that they are well-worth the extra time and effort required. Do consult with your Realtor and let him/her know your consideration of particular historical district you are looking for.

Here are some resources to find out the historical significance of a home or neighborhood:

1) National Park Service, National Registry of Historical Places – www.nps.gov/nr/

2) Massachusetts Historical Commission – www.sec.state.ma.us/mhc/mhcidx.htm

3) Directory of Historic Homes in MA – www.masshome.com

4) New England Historic Homes – www.historicnewengland.org

5) Other useful websites – www.oldhouses.com

Tips for buying a historical home

If you are ready to buy the piece of history then you have to think about pros and cons mentioned above. Do your due diligence to ensure you are actually purchasing a registered historic home. Have a good knowledgeable contractor and ideally someone who specializes in historic home restoration. Many of the above-mentioned websites have links to a network of resources, from preservation experts to stores that sell vintage home goods. Use them as a guide so that the work you do adds value to the home.

Thinking of Buying/Selling Historic Home?

As always, I am here to help you in any way I can, if you have any questions or concerns buying/selling your historic home, feel free to reach out to me. Happy to be your help.

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