What You Need To Know About Buying a Historic Home

The allure of owning a historic home can be irresistible for those who long for hand-carved wood, stately spaces and unmatched detail. But with all that architectural magnificence also comes great responsibility because historic properties are often on the National Register of Historic Places, and the owners are viewed as dutiful caretakers.

Aside from wanting to serve as a steward of the community, here are several other compelling reasons someone might want to live in a historic house.

Character and Charm
Historic homes are likely to have unique architectural styles and other features not found in newer houses.

Preservation
Buying a historic house can be an opportunity to preserve a piece of the past and ensure that it remains standing for future generations.

Investment
Historic homes can be a good investment, as their value may appreciate over time.

Energy Efficiency
Many older houses have been built with sustainable materials and construction techniques, which can lead to less energy consumption and lower utility bills.

Community
Often, historic homes are located in older, established neighborhoods with a strong sense of community.

Tax Benefits
Some states offer tax benefits for owning a historic property, such as tax credits for preservation or restoration.

It's important to recognize that buying a historic house may require more research and due diligence than buying a newer home. A knowledgeable real estate agent can help you navigate the entire process. After all is said and done, embracing both the joys and challenges of historic-home ownership can be a worthwhile, rewarding and admirable endeavor.