If you want to own a piece of history, buying a historic home can be the way to go. Historic homes are unique and charming but purchasing them can be very different from regular homes. Of course, due to their historical value, these homes are more expensive but also their upkeep requires more time and effort. Gumtree explains all you need to know about buying a historic home.
Advantages of a historic home:
- Beauty and charm: Historic homes have the power to transport you to a simpler time with their stunning aesthetic and architectural style. With intricate details such as balustrades, stone fireplaces and vintage door knockers, these homes are filled with history and personality.
- The history: This is a huge talking point among homeowners who have invested in historic homes. They love retelling old stories about the home and the lives of the people who lived there in the past.
- Tax rebates: In several parts of the world, governments offer tax deductions and incentives for those who purchase historic homes.
- Protecting history: By buying and maintaining a historic home, you are helping protect the history of your town or city, which is a value that cannot be measured in monetary terms.
Disadvantages of a historic home:
- Expensive repairs: It goes without saying but historic homes are old and require great care and upkeep. Thus, if you have decided to buy one, ensure you have the financial means to take care of it.
- Structural issues: Historic homes may have major structural issues, especially if they are affected by dampness, mould, or the presence of harmful chemicals such as lead or asbestos.
- Specialised care: Repair and maintenance for historic homes must be conducted by experts in such architecture. Unfortunately, you cannot use your local repairman for the same.