What You Need to Know After Buying A Historic Home

historicSo you’ve just purchased your new dream home complete with all the features you’ve always wanted, but it’s in a historic district and has come with its share of problems. Making repairs on a historic property will differ because of rules and regulations you will be required to follow. Below Dean Graziosi has included some information that will help you take your first steps toward making those repairs and restoring your new home to its natural beauty.

Most interior changes won’t be affected by the historical status of your home. You may be required, however, to keep it up regularly. All you will probably need are typical building permits to renovate the inside of your home. Exterior changes, however, require planning approvals. You should consult with your local planner early on in the buying process to find out all you’ll need to know for your area. Check back often during the projects you are undertaking to make sure all details are receiving attention.

Adding onto the property if it is considered a local landmark is another project entirely. Here, you will need to get permission from the Historic Preservation Commission. Small changes such as ordinary repairs and maintenance won’t need to go through this commission. Here, the planning staff will probably be able to help you with the details. Also, different areas may have varying requirements, so it is important to familiarize yourself with your particular location.

When buying the property, you’ll know whether or not it will need work and how much. Consider the cost of this work plus that of securing any permits you will need to take care of it. Owning a historic home can be a dream come true, but if you have to then turn around and put a whole lot of money into it, the dream can turn into a nightmare.

Plan your projects well. Get all the information you’ll need before making the plans. That way you won’t be surprised to find out you should have secured something you were unaware of and you’ll stay within the zoning guidelines. If you are on a tight budget, take care of each project separately. That way you can pour a lot of time and energy into them all individually. Budgeting for all your projects will also help you keep up with expenses as you go along. An article posted on sf.curbed.com points out you can actually save money by purchasing a historic home.

Owning and restoring a historical house can be very satisfying. If your dream is to purchase an older home, one in the historic district might be the perfect choice. It may come with more headaches, but will all be worth it in the end. You can learn more about this and other real estate topics by visiting Dean Graziosi’s website.