There’s something so inviting and magical about a historical home. A combination of history and nostalgia, these homes are often the ideal for homeowners. When discovering a historical home in your neighborhood, it’s easy to fall in love with the possibility of past meeting future. This week we’re going to discuss the ins and outs of historical home buying, and what you need to know.
In order to receive the title of “historic house,” the home must be registered by the National Register of Historic Places. A local historic board may also have registered the property. Houses are placed into this category for a variety of reasons. They may emulate an architectural style of the past, or they may have housed well-known individuals who lived in the days of old. They may also have stood as the site of a famous event or happening.
Buying a historic home is not quite the same as purchasing another house on the market. Some of these homes were built centuries ago, and as a result, they may not meet current health and safety codes. For example, they may have lead paint in the walls or carry asbestos. On top of that, they could also have structural issues. After centuries of wear, tear and weather damage, the house, or parts of the house like the second floor, may be on the verge of collapse. Therefore, if you purchase a historic home, it is crucial to to make sure it is thoroughly inspected.
Keep in mind you are not allowed to change the look or layout of a historic house. Which is often the point for a family who loves the history that the house emulates. Value is often set to increase in a historical home, particularly with upgrades and added love and care. Another great benefit of owning a historical home is that you truly get to feel the days of an era gone by each morning when you awake. If the home comes with the original molding or floor, you have the added value of a vintage and stylish design.
While there are some challenges in buying historic, the pros — like history and the value of these homes — most often outweigh the cons. If you’re looking for a historical home in the Nashville area, we’re here to help! Give us a call today at DeSelms Real Estate 615.550.5565