A historic home is typically defined as a property that is at least 50 years old and has significant architectural or cultural value. Many historic homes are part of designated historic districts or listed on the National Register of Historic Places. These properties often feature unique architectural styles and original details that reflect the era in which they were built.

Key Architectural Styles:

Victorian: Known for ornate details, steep roofs, and vibrant colors.

Craftsman: Features handcrafted woodwork, exposed beams, and built-in cabinetry.

Colonial Revival: Characterized by symmetrical facades, columns, and brick exteriors.

Tudor: Recognizable by its steep gables, half-timbering, and decorative brickwork.

Financing a historic home can be different from obtaining a mortgage for a newer property, especially if the home needs restoration work. Here are some financing options to consider:

FHA 203(k) Loan:
Ideal for buyers who need funds for renovation and purchase combined into a single mortgage.

Conventional Renovation Loans:
Great for buyers who want flexibility in their renovation plans and can finance based on the home’s 'as-completed' value.

Historic Preservation Loans:
Specialized loans designed to support the purchase and restoration of historic homes, often with favorable terms for preservation projects.

While owning a historic home can be incredibly rewarding, it comes with its own set of considerations.

Here’s what you need to know:

Preservation Guidelines:
Many historic homes are located in designated districts with preservation rules that dictate what changes can be made to the property. These guidelines help maintain the home’s original character but may limit certain renovations.

Maintenance Costs:
Older homes often require more maintenance, especially if they still feature original materials. Be prepared for potential repairs and budget accordingly.

Tax Incentives & Grants:

On the plus side, many states offer tax incentives and grants to help offset the costs of maintaining and restoring historic homes.

Finding the right historic home is a journey that requires patience and a keen eye for detail.

Here are our top tips to help you in your search:

Work with a Specialist:
Choose a realtor who has experience with historic homes and can help you navigate the unique aspects of buying vintage properties.

Conduct a Thorough Inspection:
Older homes may have hidden issues like outdated wiring or foundation problems. A comprehensive inspection is crucial to avoid surprises.

Research the Home’s History:
Learning about the home’s past can provide valuable insights and help you understand the significance of its features. Historical records, old photos, and previous owners’ stories can add depth to your connection with the property.