What to Look Out for When Buying a Historic Home

What to Look Out for When Buying a Historic Home

Buying a historic home can be a dream come true for many homeowners. These homes often boast timeless architecture, unique details, and a rich sense of history. However, owning a historic property also comes with responsibilities and potential challenges. Here’s a guide to what you need to consider before investing in a piece of history.

1. Understand What Makes It a Historic Home

Not all old homes are considered historic. A home is usually deemed historic if it’s at least 50 years old, retains its original character, and holds cultural, architectural, or historical significance. Many historic homes are listed on the National Register of Historic Places or located in designated historic districts.

• Research the History: Learn about the home’s past owners, construction date, and any significant events tied to the property.
• Historic Designation Rules: Check if the home is protected by local or federal historic preservation laws, as these can impact renovations and maintenance.

2. Pay Attention to Structural Integrity

Older homes were built with different standards and materials, some of which may not meet modern codes. Common issues include:

• Foundation Problems: Look for cracks, uneven floors, or signs of settling.
• Roof Condition: Historic homes often have older roofing materials that may need replacement.
• Wood Rot and Termites: Inspect wooden beams, flooring, and trim for signs of rot or insect damage.
• Electrical and Plumbing Systems: Outdated wiring or plumbing may need significant upgrades to meet safety standards.

3. Be Prepared for Restoration Costs

Restoring a historic home can be expensive, especially if you aim to maintain its original character. Some factors to consider:

• Specialized Materials: Replacing historic features like windows, molding, or flooring can require custom work, which may be costly.
• Skilled Craftsmen: You may need experts familiar with historical restoration techniques.
• Hidden Repairs: Be prepared for surprises—older homes often conceal issues behind walls or under floors.

4. Check for Lead and Asbestos

Many historic homes were built before the dangers of lead paint and asbestos were widely understood. It’s important to:

• Test for Lead Paint: If the home was built before 1978, it’s likely to have lead-based paint.
• Inspect for Asbestos: Commonly used in insulation, flooring, and roofing, asbestos can pose health risks if disturbed.

5. Research Zoning and Building Restrictions

Historic homes often come with restrictions on what can and cannot be altered.

• Local Preservation Guidelines: Check with the local historic commission for rules about exterior changes, such as painting, landscaping, or adding structures.
• Permits for Renovations: You may need special permits for even minor updates, which can slow down your timeline.

6. Investigate Energy Efficiency

Historic homes weren’t built with modern energy standards in mind, which can lead to higher utility bills.

• Windows and Insulation: Original windows may be single-pane and drafty, and insulation might be minimal or nonexistent.
• HVAC Systems: Heating and cooling systems may need updating for both efficiency and comfort.
• Energy Audits: Consider an energy audit to identify areas where upgrades can make the home more efficient.

7. Consider the Community and Lifestyle

Living in a historic home often means becoming part of a community that values preservation.

• Historic Districts: If the home is in a historic district, understand the neighborhood’s culture and community expectations.
• Resale Value: Historic homes can hold their value well, but only if maintained properly and located in a desirable area.

8. Work with Professionals

Buying a historic home requires a knowledgeable team to help you navigate the process.

• Real Estate Agent: Choose an agent experienced in historic properties who can guide you through inspections, negotiations, and regulations.
• Specialized Inspectors: Hire inspectors familiar with historic homes to identify potential issues.
• Contractors and Architects: Work with professionals skilled in historic restorations to preserve the home’s integrity while addressing necessary updates.

Conclusion

Owning a historic home is a rewarding experience that combines preserving the past with modern living. While these homes offer unmatched charm and character, they also require a unique commitment to maintenance and restoration. By carefully assessing the property, understanding potential challenges, and working with experts, you can make your dream of owning a historic home a reality.

If you’re ready to explore historic homes or need guidance on buying one, contact Coastal Collective. We specialize in helping buyers navigate the joys and challenges of owning a piece of history!