Is A Historic Home Right For You? Part I

By
Real Estate Broker/Owner with RED Properties NC #129285

Purchasing a historic home is an exciting opportunity to preserve history, restore charm and character to an older home, extend a legacy and experience history all in one.  If you are anything like me you have a deep-rooted love for historic homes.  I am in awe of the artchitecture and the craftsmanship of these romantic, antiquated homes and the vibes that run through the veins of the homes when I place my hand on a railing or bannister are overwhelming.  For me, it is an experience that I seek out as often as possible. 

While the dreamy visions of restoring an old treasure may intrigue you - you must first evaluate the consequences (and the benefits) of underatking such a, at times, Herculean effort.

First and foremost we must define what a historic home is.  A historic property by North Carolina definition is:

The quality of significance in American history, architecture, archaeology, and culture is present in districts, sites, buildings, structures, and objects that possess integrity of location, design, setting, materials, workmanship, feeling, and association, and:

A. that are associated with events that have made significant contribution to the broad patterns of our history; or

B. that are associated with the lives of persons significant in our past; or

C. that embody the distinctive characteristics of a type, period, or method of construction, or that represent the work of a master, or that possess high artistic values, or that represent a significant and distinguishable entity whose components may lack individual distinction; or

D. that have yielded, or may be likely to yield, information important in prehistory or history.

** It is important to note that there are federal, state and local agencies that all have subtle differences.  It is important to check in your local area for specifics.

 

 

Now that we know how a home qualifies - where are they?

There are many places to search for historic homes.  I would be remiss at this point if I did not mention the best way to seek out these homes are to enlist the help of a Realtor® that is well-versed if the niche of historic properties.  An educated Realtor® will be able to assist you in your search, your homework and the paperwork involved.  A few places that you can surf on your own while contemplating the big leap are:

 

While each of the sites mentioned have a broad variety of historic homes for sale they do not represent a complete list of what is possibly available in your area. 

Once you have found your potential gem in the rough it is very important to sit down prior to a signed contract and assess your financials.  You must take into account all of the work (and money) that will be required to bring the home "up to code".  It is highly advisable to have a home inspection done PRIOR to making an offer so that you will have clear vision of the work that lay ahead. 

There are many financial assistant programs available to individuals involved in restoration projects......

I do hope that you join me for Part II in a few day - I will highlight some of the grant programs available to the purchaser of a historic home.

I hope you stay with me to explore the historic home opportunities and allow be to help you "Establish Your Circa" in My Back Yard....

Posted by
 RED Properties RaleighRed
RED Properties RaleighRed

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Rainmaker
115,221
Susan Hilton
CENTURY 21 Beal, Inc. - College Station, TX
Texas Aggie Real Estate, College Station Bryan Texas Real Estate

Restoring a historic home is a wonderful thing for SOME people - I'm better off with a newer house that I don't have to do much work on.

Jun 08, 2008 12:42 PM #1
Rainmaker
210,392
Kara Casamassina
International Property Management Group, LLC - Aiken, SC
Boomers and beyond

I too, love the vibes of the old homes - and am lucky to live in an area with many.

Jun 08, 2008 12:46 PM #2
Rainmaker
565,195
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

I am lucky as I like old homes and live in an area that is full of them. I hate to see the old homes wasting away.

Jun 08, 2008 12:49 PM #3
Rainmaker
635,143
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Susan - You are absolutely correct - you must do your homeowrk before considering such a project.

Kara - There are quite a few here as well - I can't get enough of them

Eric - I almost cry at times when I see them run down or in need of a coat of paint.  They are sometimes just forgotten!

Jun 08, 2008 12:56 PM #4
Rainmaker
100,895
Lisa Ryan
Callaway Henderson Sotheby's International Realty - Montgomery, NJ
Selling Princeton,West Windsor and Montgomery Town

Leesa~ you gave us some great website links, thanks so much!

Jun 08, 2008 01:09 PM #5
Rainmaker
635,143
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Lisa - Thanks so much for stopping by!  There are many resources available to search for historic homes but the best method is partnering with a Realtor® that is familiar with historic homes.

Jun 08, 2008 01:27 PM #6
Rainmaker
483,815
Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

Leesa,

This post made my day! I needed some sites to use, to help me on antique and historic homes. They do take special marketing and a little knowledge. Your links are great.  I just love working on and visiting them. Thanks! :)

Jun 08, 2008 02:41 PM #7
Rainmaker
483,815
Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

Leesa,

This post made my day! I needed some sites to use, to help me on antique and historic homes. They do take special marketing and a little knowledge. Your links are great.  I just love working on and visiting them. Thanks! :)

Jun 08, 2008 02:41 PM #8
Rainmaker
1,874,095
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Leesa

I am looking forward to part II

Tom Braatz

Jun 08, 2008 05:27 PM #9
Rainmaker
1,874,095
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Leesa

I am looking forward to part II

Tom Braatz

Jun 08, 2008 05:27 PM #10
Rainmaker
130,170
Kevin O'Shea
Coldwell Banker - White Plains, NY
White Plains, NY Real Estate

Hi Leesa,

I sold a house a few years back that was built in the 1680's, a big addition was done around 1720, it was very cool.

All the best!

Jun 08, 2008 06:50 PM #11
Rainmaker
1,073,833
Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Leesa, thanks for this great and informative post.  I really like the historic homes as well..I enjoyed the post.

 

Jun 09, 2008 08:24 AM #12
Rainmaker
115,348
Leslie Stewart
Oregon Licensed Broker with Berkshire Hathaway HomeServices Real Estate Professionals - Stayton, OR
Realtor, ABR, CRS, Oregon Licensed Broker

Leesa, this is great information.  I think many buyers fall in love with the idea of owning a historic home and don't take much time to think about what it takes to restore and mainatain the home. 

Jun 09, 2008 11:25 AM #13
Rainmaker
631,097
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Leesa,

I can only imagine what these homes look like on the inside.

Don R.

Jun 10, 2008 02:17 PM #14
Rainmaker
232,017
Patricia Beck
RE/MAX Properties, Inc., GRI, CDPE - Colorado Springs, CO
Colorado Springs Realty

Very informative post Leesa!  The picture of the first house looks very similar to a home here in downtown Colorado Springs.  I love victorian homes, they are all unique from one another.

Jun 13, 2008 01:34 AM #15
Ambassador
604,419
Brian Schulman
Coldwell Banker Residential Brokerage, Lancaster PA - Lancaster, PA
Lancaster County PA RealEstate Expert 717-951-5552

Leesa, I've loved historic homes all my life.  Living in one has great rewards, but it also entails a lot of maintainance.  You either have to be capable of doing it, or have enough money to have someone else do it.  Nice post.

Jun 18, 2008 12:30 AM #16
Rainmaker
555,152
Cyndee Haydon
Charles Rutenberg Realty - Clearwater, FL
727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes

Leesa - I really enjoy your articles on historic homes - I'm learning more myself - we don't have many where I live. :)  

Jul 04, 2008 03:35 PM #17
Rainmaker
635,143
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Cyndee - It is a great niche but A LOT to learn!  Come visit any time - I'll show you some real beauties!

Jul 05, 2008 08:45 AM #18
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Leesa Finley

RED Properties - Raleigh NC Real Estate
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