Considering buying a Historic Home? While the significance of a historic home can be in the location and the atmosphere it provides, the real worth is in the strength and stability of the property. When you make a decision to buy “this old house” be aware of the cost of renovating and restoring it. Get a detailed inspection from an Inspector experienced with historic homes. You may have to pay more than the average inspection cost, but the investment could very well save you thousands in the long run. A major cost of the project can be in the electrical wiring and foundation repair, so make certain they are in good shape. Get a detailed written report on the estimated cost of renovation, not just a one-page checklist. You can use this report to negotiate the price of the home.

If location of the house is classified in the National Register of Historic Properties, the kinds of renovations that can be done are usually limited on the exterior of the property. So save yourself lots of time, money and frustration by obtaining the preservation guidelines before you start the project.
Check with the area’s Historical Commission for guidelines and recommendations.

Speaking of historic homes… check out these in Houston’s Heights!

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