Buying a home within a local, state or national historic district most likely means you’re buying into a fascinating neighborhood with important history behind it. But along with the great past of your new home, there are all sorts of opportunities as well as important considerations to keep in mind.
Understand the Limits
Check with your real estate agent or local city government to understand what you can or can’t do to your home. Some cities have specific permits or building codes for historic districts that cover such areas: potential add-ons, types of windows allowed or various other exterior improvements on a historic home.
Take Advantage of the Savings
Many districts have tax incentives available for those that rehabilitate their home using approved standards. Some of these incentives have fairly distinct time requirements so check out all the rules in advance to maximize the possibilities.
Research Your Home
Most local libraries have a wealth of information on historic homes. Finding original photos of your home not only will impress your guests, but can also help you assess potential improvements to match up your home to its original look and feel.
You’ll Be Surprised
Whether you like to do it yourself or have others help you, odds are you’ll find something unexpected when you take on a home improvement project. Often, new homeowners of historic homes find things ranging from beautiful wainscoting behind wallboards or original woodwork sandwiched in between studs, behind a wall. The general rule is if you find it — make use of it!
Take a look at some of the Historic Homes Prudential Montana Real Estate has listed: http://www.finehomesmt.com/property/fineHomes/Montana/historic-homes/
September 26, 2011
Author:Mitch Robinson
http://www.zillow.com/blog/2011-09-26/pros-and-cons-of-owning-a-home-in-a-historic-district/
