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Is Buying a Historic Home For You?

These days a lot of home buyers prefer a house that looks modern. With the craze of modern designs and features, these types of houses are often sought after by many people and come off the market much quicker. However, while these houses fit some people, others love the idea of owning something more vintage, especially if it comes with an interesting history with it. 

If you are into historic homes and want to own one, it is important to note that it will need maintenance on a more regular basis due to its age.  The exception, of course, is if you you want to renovate and update. In either scenario, of course you need to be prepared for broken pipes, leaks and a lot of other major flaws in the foundation, structure, and finishes. If you’re still on board to search for your dream historic home, there are some other things that should be understood and we’ll go through those together.

Imposed Restrictions

A lot of towns in the United States have planning and zoning commissions within their neighborhoods. This is to help preserve and protect the remaining historic homes within it. Because of this, renovating and rebuilding or altering a historic house requires approval or at times bureaucracy. For example, if you are planning to buy a house that is roughly one hundred years old, you may not be able to repair it as to how you like it because of the planning and zoning commissions. That alone gives you and idea on how serious  you would be if you were to own a historic home. A factor in what is “allowed” is whether the home is considered a landmark by governmental entities. Because of that restriction, repairs can take longer and would even be more expensive. Always consult with an architect when moving forward with owning and updating a home in this situation.

The Expenses of Restoration

Let’s be real, restoring a historic home is expensive from the get go. For example, a Victorian-era house was made with materials that are no longer available. Many more of those types of houses were built in the middle and late 19th century that would have been made with rare materials that will not be easily found today. It is challenging to restore a house with materials that are not equally comparable to the original, and that can often result in having to completely redo rather than restore. An additional element that can be expensive is the ornate details found in them such as the tiles used, wooden carvings, crown moldings and the light fixtures. It could get expensive if you want to track down the original materials or something from that same time period, and often that requires purchasing from overseas which is an additional and usually pricey expense. 

Repairing Can Be Time Consuming

The time it takes to repair a home like this is often why people opt to purchase a new home. The appeal of being able to move in right away – to avoid further expenses – is very strong. Buying a house is expensive by default, but there will be a larger financial cost for something that is historic. Being aware that the repairs are not always quick fixes and could take a long time is a major factor. There have even been instances of homes being in constant maintenance, so the job is not necessarily ever done. 

Pros and Cons of Buying a Historic Home

Like many kinds of homes, buying a historic home has its ups and downs. If you want to know if it’s a good idea to do so, here are the pros and cons of buying one:

Pros

  • A historic house certainly has its charm and character. Buying an old house with good history is like stepping back in time. It’s well-thought decor and design is something that a lot of people appreciate. From old fireplaces to antique chandeliers to unique doorknobs and knockers, owning a historic home is certainly something to be proud of.
  • You help in keeping the memory of the house alive. Buying a historic house is not only a good investment, but it is also a big help to the community or neighborhood you are living in. In many ways you are preserving not only the house’s history but also the community’s. 
  • Historic homes are packed with history, of course. A historic home is not only charming but it is also a place where an interesting story happened. It could be a house where a president was born or it used to be a place owned by someone very rich. Each house has its story to tell and if you are a big fan of history then you will definitely enjoy owning one that has a good story to tell. 
  • The architecture is one of a kind. A lot of old houses have very rare features that you cannot see with other houses. Take a look at houses that were made during the Victorian era, you can always tell that they are a Victorian house because they were built in a specific fashion. You cannot find houses or homebuilders that make them the way they used to. That being said, houses with Spanish, Colonial, and Federal styles all have very remarkable curb appeal.
  • A historic house is an investment. Buying a house is an investment, but buying a historic house is something much more. Studies show that houses with history have higher value in the long run. Not only that, a lot of local or state governments offer tax incentives to the owners or lower their loans in order to help restore it. 

Cons

Of course, it’s not all sunshine and butterflies when you own a historic house. It does come with its own set of difficulties so you have to be ready too:

  • For starters, it is very expensive to maintain. You might have the money today to buy that historic house and maintain, but it is important to be aware you will likely need a constant cash flow to keep up with the home. That is why you have to really think it through before you purchase one otherwise, it will just go to waste or time, money, and resources.
  • When it comes to Insurance, it is expensive to insure a historic home. Why? This is because many insurance companies don’t cover the type of coverage you need for the house. This means you have to get a historic property insurance which is one of the most expensive insurance policies you can get. Not only that, since historic houses are often old, there could be a lot of repairs to do so this could mean skyrocketing monthly insurance payments.
  • You have to follow the planning and zoning laws required by the town or local government. This is given to preserve the historic value of the property. So you can’t just renovate on your own or according to your wishes. There are rules to follow and they’re not always that easy. 
  • There are often more problems at hand than expected. Sure, the house may look okay on the outside but many old houses have other problems. There could be mold growing or even asbestos. Some old houses have termites which can ruin hard wood and the foundation. So before you take on a historic house, make sure to have it inspected by professionals thoroughly. Keep in mind that some old houses like that are not preserved properly so unless you are willing to take it and do the renovations, you have to make sure that the house is safe to live in.

Is it the house for you?

Buying a house that has contributed to American history is very exciting but before you do, make sure to weigh the pros and cons. If you have nothing to fear, money isn’t a problem and the good elements of the house outweighs the bad…then buying one is a good investment to make. It could be a costly investment but one that is very worth it in the long run so best of luck and enjoy the process!

Ricki Irwin
Ricki Irwin
00:06 24 May 19
This was so easy Casey was very helpful and kept in contact through the entire process thank you again for everything. Highly recommend this company.
Lela Leedham
Lela Leedham
03:08 22 Feb 19
Great experience working with Casey and Ryan. We would recommend them anytime. They are very knowledgeable and very professional.
Emily Binder
Emily Binder
21:16 18 Feb 19
Jennifer Gibbs
Jennifer Gibbs
19:58 18 Feb 19
A very impressive operation. Very professional and knowledgeable. They follow up when they say they will. Very helpful Team. If you're looking for a fast and fair cash offer on your home, these are the guys to call!
Mario Elizondo
Mario Elizondo
19:58 18 Feb 19
Very professional and a pleasure to work with.
Danny O'Bannon
Danny O'Bannon
19:53 18 Feb 19
I called 5 different companies from google trying to find a company that would pay the most for my rental and their offer was higher than the others. Extremely streamlined process. Easiest transaction I’ve done
Ross Greene
Ross Greene
18:04 17 Feb 19
Ryan & Casey were great to work with! Absolute pro's in the business. I would definitely recommend them. If only I could give them more than 5 stars. Hope to work with them again soon! Thanks guys!
Pam Dickerson
Pam Dickerson
23:53 15 Feb 19
Excellent customer service! Helped us through the entire process. Highly recommend!
steve Balsacker
steve Balsacker
19:35 14 Feb 19
Me and my wife had gone through a divorce and we wanted a quick way to get rid of our property so we could just move on with our lives, Thankfully Ryan came in and helped us out, I didn't have the time to deal with the headache of people coming in and out as well as all the repairs that were needed. He gave me top dollar for my home and I was out in 7 days!
jason almeida
jason almeida
16:52 14 Feb 19
We have seen their signs around town and thought it was a scam, we decided to give them a call and I couldn't have been happier with our experience. They were professional and knowledgable, they paid for all closing costs and even helped with our family move. Great guys and great company! Thanks again!
Peter Floratos
Peter Floratos
04:51 14 Feb 19
This team handles their business right. They are a pleasure to work with.
Tyler Hubbs
Tyler Hubbs
04:38 14 Feb 19
Ryan and Casey treated me with patience and respect during the whole transaction! Very trustworthy and explained each and every question I had!! I would highly recommend We Buy Any Vegas House!!
Dennis Ripley
Dennis Ripley
03:55 14 Feb 19
Very professional and very knowledgeable from start to finish. They went above and beyond to help me find what I was looking for. I would definitely recommend them.
Avraham Metal
Avraham Metal
01:58 14 Feb 19
As a Real Estate Agent I have sold properties to Casey and his Team. They are men of their word and have never let me down.
Dena Shapiro
Dena Shapiro
01:29 14 Feb 19
What an AWESOME experience!! Casey and Ryan are THE BOMB!! They either answer their phone ALWAYS or respond within minutes. They originally called to see if I wanted to sell but I wasn't interested in selling. However, my neighbor had to sell immediately so I referred them to her, she accepted their offer & they closed escrow within weeks. It would've been A LOT sooner but there were delaying issues on the seller side. Anyways, they got it closed & EVERYONE is happy!! Thank you so much Casey & Ryan :). YOU'RE THE BEST!!!
Ron Lorenzo Woods
Ron Lorenzo Woods
00:51 14 Feb 19
Great team with quick and professional service!
karina giraldo
karina giraldo
00:36 14 Feb 19
Knowledgeable, fair, and professional. I loved working with Casey. I did my research before selecting a company, and I’m so happy I went with them!
Cody Raynoha
Cody Raynoha
00:27 14 Feb 19
Casey runs a great company that's honest, easy to deal with, and is always fair. I'd absolutely work with him again!
Whitney Carter
Whitney Carter
21:42 08 Feb 19
Grateful to have worked with such a great company! Long story, short they really did help me through a tough time. No need to get into details, but this company really knows what they are doing. Thank you for all of your help with my home. Highly HIGHLY recommend!
Alan Giblin
Alan Giblin
23:01 07 Feb 19
I was shocked when I heard that We Buy Any Vegas House could sell my house so fast without any fees or charges at all. Thanks again guys!
Crosbey Proffitt
Crosbey Proffitt
22:48 07 Feb 19
I started off using a realtor thinking that I would be able to sell my home fast, but that wasn’t the case. I ended up reaching out to different companies and I ended up finding We Buy Any Vegas House. They were on it the second I reached out to them and were able to sell my home fast!
Investors
Investors
18:59 07 Feb 19
I have been in Real Estate for many years, it’s so refreshing to meet such professional, kind people to work with. We Buy Any Vegas House has great employees who are responsive and get things done quick. You can tell they have a true passion for what they do. If you are looking to work with a great team and you want to sell your house quick, I highly recommend this group!
Scott Henry
Scott Henry
18:53 07 Feb 19
We Buy Any Vegas House truly is one of the most reliable companies I have worked with. You can really tell that Casey and Ryan really care about what they do and really want to make you feel comfortable in the process. Thank you for all your guys help!
Ashlyn Mazur
Ashlyn Mazur
21:26 02 Nov 18
Most professional real estate company I've ever worked with! Would for sure recommend them!
Ashley Thompson
Ashley Thompson
18:59 02 Nov 18
I called 3 different companies and Casey was the most responsive. His offer was higher than the other ones as well. I really liked that they were a local company and everyone who helped me in the process was great to work with!
Katrine Baker
Katrine Baker
18:39 02 Nov 18
My mom and I had to move out of our house pretty quickly due to her martial differences. They were honest and extremely professional during the process and we are forever grateful to have worked with such a great company! Highly recommend!
Gregory Mitchell
Gregory Mitchell
00:26 01 Nov 18
Unfortunately, I never thought I would see myself having to get rid of my home, especially in a fast time frame. However, life happens, and I needed to sell my home quickly due to a death in the family. I reached out to 4 companies in Las Vegas, and We Buy Any Vegas House not only was the most efficient, but the friendliest, most reasonable, and compassionate. The other 3 companies did not even compare. Casey and Ryan have gone above and beyond to make sure that this worked for me. They truly care about you, which means a lot especially during a tough time. They put in the effort to care about the client first, as well as my family during this tough time. I am so grateful to have found them, and to top it off, they bought my house and put cash in my pocket in 7 days. Would recommend to all! Use this company, you can't go wrong! Thanks to Casey, Ryan and John!
Samantha Bonneville
Samantha Bonneville
00:23 01 Nov 18
We buy any houses is one of the most honest companies I have worked with. They are always upfront with issues of the houses, honest with fees And closings. We have not had a bad experience after 10+ Transactions
Alyssa Trent
Alyssa Trent
23:08 31 Oct 18
I worked with them to help my Mom sell her house and they were so amazing!! They explained to us exactly how everything worked step by step. I called them on a Monday and they got us cash by Thursday. Casey is such a genuine person.
Robert Johnson
Robert Johnson
22:10 31 Oct 18
After a tenant trashed my rental property, I was faced with the decision of remodeling or selling the property in its current state. I called Casey and he walked me through the entire process, start to finish. After factoring in the amount of time and money the remodel would take, it was clear that selling to them was the best decision for me. Within a week of my first contact with Casey and his team, we closed on the property and I had cash in hand. I'll definitely be reaching out to them in the future. THANKS!!!
Corey Trent
Corey Trent
02:33 31 Oct 18
I reached out to Casey and Ryan when I needed to sell my house. They were very professional and helped me through this tough time. They were able to buy my house and close fast. What a great team they are! I would recommend them to anyone. Thanks again!
John Washington
John Washington
02:24 31 Oct 18
As a very skeptical person I always believe that my best interest is not priority when dealing with people that want my business. I cannot name the countless times that I have been burned. After looking to sell my house for a cash offer, I was called by a lot of investors, most of which had very little customer service. Several didn't return call when they said they would and then when they finally called me back, they got anger when I decided not to use their Services. From day one Ryan not only treated me like is #1 customer but also treated my whole family like long time friends. I most also state that his offer wasn't even the highest. I took the lower off with him due to the fact that he help with crucial tax situations that I needed taken care before receiving them money so it wouldn't bit me in the butt later. He answered every call before and after the process was completed. 99% of others wouldn't have even answered a text once they got the money. Could I have made a couple of thousand dollars more with someone else? Sure, but the peace of mind in knowing that it was done the right way by someone who actually was professional and care was more than worth it. Ryan has made a customer and friend for life.
Green Girl
Green Girl
00:00 31 Oct 18
I was in a really tough spot because my Husband was in the Hospital and had passed away. I was completely unready for this and had discovered that there would be considerable expenses!  I had received several letters from companies interested in the property on an "as is" basis.  Most had never got back to me after I called them or were too low of offers.  I put an inquiry in their website and was immediately contacted by the Owner who was able to come the very next day!  The entire process was easy and professional.  Thank you We Buy Any Vegas House!
Mike
Mike
23:37 30 Oct 18
Casey and Ryan were so helpful! I was was a week from being Foreclosed and they were able to get me cash in my account in 5 days! And even let me rent back until I was able to find a new home!
Karl Workman
Karl Workman
21:03 30 Oct 18
This company was not only the most professional real estate company i've dealt with, but they're the most reliable and respond quicker than most companies i've ever dealt with. They were fast, professional, and knowledgable in all aspects of our deal. Would and plan to recommend them to all of my friends and family! 10/10.
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