Use this post to help buyers understand the challenges they may face when they buy an historic home. While it does not necessarily advise against buying an historic home, it does provide a sober look at the associated expenses. If you specialize in newer homes or new construction, this can be a very useful piece to persuade buyers to consider alternatives to historic homes.
- Buyer’s Beware: The Hidden Costs of Historic Homes
- Are you prepared to be an historic homeowner?
- What you should know before you buy an historic home
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There are many fine and pleasurable reasons for buying an historic home, but you definitely shouldn’t get into one without understanding the potential costs. Here’s what you need to know.
From the post:
“There’s much to admire about owning an historic home. You probably don’t need to be sold on the beauty of a grand old house, and in all likelihood the home is in an established neighborhood or district where prices are projected to appreciate at a better clip than other areas. Plus, if it’s truly classified as an historic home, and not simply an old house, you probably can take advantage of tax breaks other owners might not enjoy.
But before you fall in love with the gleam of summer light cascading through a century-old stained glass window, pause and consider what you’re really in for when you buy an historic home…”
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