Interested in purchasing a historic home? Consider these key points first
dazzling collection of historic homes is truly unlike anywhere else in the world. The properties here have a past rooted in the country’s founding, and many of the houses even played key roles in the origins of the US.
Are you considering purchasing one of D.C.’s beautiful historic homes? Before making the decision, here are three key factors to take into account that will help you decide if it’s the right move for you.
Restrictions on Renovations
When you purchase one of D.C.’s historic homes, your creativity may not always be allowed to shine through as much as you want. Homeowners will have to comply with the rules and regulations placed on the district, and this can mean a very limited scope of what residents are able to do to the exterior of their homes.
This includes paint color, window design, and even door choice. On the bright side, everyone in the area is subject to these rules, which creates a sense of unity as the neighborhood association strives to maintain the community’s original style and integrity.
Compromising on Modern Amenities
Implementing modern-day luxuries may not always be possible in your new abode. When dealing with historical architecture, it can sometimes be difficult to update and upgrade amenities.
Adding a new state-of-the-art kitchen or ultra-luxe master bathroom can mean risking the overall ambiance of the home--and disrupting the historical flow can mean devaluing your property.
When you’re considering adding newly incorporated styles into your historic D.C. home, it’s vital to think about your long term goals for the property. What do you intend to do in the future? How will your decision alter the home’s price point? How important are the historical roots to you?
Higher Upkeep Costs
One of the most prominent points to keep in mind when purchasing a historic home is the higher upkeep costs. Over time, homeowners will need to take responsibility for ensuring the home remains in prime condition.
Remember, older houses come with older problems. Making repairs that fit into a historical context can mean relatively high repair bills.
On a more positive note, however, historic homes are usually easy to keep preserved because they are generally more structurally sound than their contemporary counterparts. Homeowners of historic properties are often granted tax breaks or other financial aid to help support the maintenance costs.