Pros And Cons Of Buying A Home With A Historic Designation

Home buyers will sometimes find a home with historic designations on their search for the right property. Such homes can come with a hefty price tag, but it can be exciting to think about buying. Historic homes commonly have some manner of plaque in the yard or on the side of the residence that gives a brief synopsis of the dwelling's history and its significance in the area. If you're thinking about making an offer on a historic home, first giving thought to the following pros and cons is optimal.

Pro: You're Living In A Part Of History

When you visit any historic site, you can't help but feel excited to be in a place with such a lengthy history. The idea of such a place being your own home, however, can be a truly impressive feeling. Perhaps the historic house you're considering was one of the first in the area after it was settled — if you're passionate about the local history, being able to call this house your home can understandably be appealing.

Con: Your Ability To Make Upgrades May Be Limited

In many cases, those who own historic homes aren't able to make dramatic changes. While you'll certainly be able to perform whatever upkeep is necessary, inappropriate upgrades aren't permitted — even though you own the property. For example, you might not be able to put a deck on the front of the dwelling, because doing so will make the house no longer appear authentic to its original era.

Pro: You'll Have A Chance To Meet History Enthusiasts

When you live in a historic home, it's common to see visitors coming to the edge of your property to photograph the home and read its historic marker. Although the presence of strangers could be a drawback to some people, many historic home owners enjoy the opportunity to meet people who are interested in where they live. This can especially be true if you're a history buff.

Con: You May Miss Some Modern Features

If you're someone who appreciates the many conveniences that newer homes provide, a historic home might not be for you. For example, instead of comfortable carpet, such a home may have rustic wood flooring the creaks when you walk over it. Additionally, the windows may be a little drafty when compared to modern-era windows. Once you've given thought to the pros and cons of owning a historic house, you can move forward however you see fit.