Reasons for Purchasing an Older Home
Older, historic homes have architectural details--aged brass doorknobs, ornately carved banisters, fine wall moldings, beautiful wood floors, natural wood beams and trim--not found in contemporary, cookie-cutter homes.
Older homes typically were built without cutting corners and are sound and sturdy. The overall quality of construction typically offers larger framing (floor and roof support), solid wood rather than plywood sub flooring and plaster rather than drywall. Historic homes are also characterized by a high level of craftsmanship throughout the interior.
Older homes have withstood the test of time. When owners purchase an older home, they have the benefit of investigating problems that have developed during the current period of ownership.
In many communities, a buyer's money can go farther when purchasing an older home. Buyers get more rooms (and bigger rooms) with higher ceilings, bigger yards, breakfast nooks and basements. Most new houses are built on smaller lots. An older home's style and craftsmanship would be prohibitively expensive to recreate in a new house.
The varied room sizes, attics, basements, and unique spaces in many older homes can be perfect for today's diverse lifestyles. A small room or alcove can be a nursery, home office or just a private space away from the rest of the family. Porches are great places to meet your neighbors.
Older homes are situated in neighborhoods that were developed over a period of time and offer a wide variety of architectural styles. Buyers are often influenced by the "curb appeal" that these homes have. When driving through established historic neighborhoods there is an overall feeling of softness.
Older homes are situated in established, tree-lined neighborhoods with mature landscaping and more trees and shrubs.
Older homes are surrounded by an established community of nearby schools, transportation, shopping, and entertainment. Owners of historic homes get to know both their neighborhood and their neighbors.
Buying an older home for future renovation can be an exciting and rewarding experience. Neighborhoods with a collection of distinctive architectural styles can appeal to a fixer-upper who want hands-on-experience restoring and remodeling.
A sensitive, historic restoration or remodel can double the return of the investment.
If maintained and preserved, older homes, especially those in historic districts, appreciate in value more quickly than homes in new subdivision; prices in historically designated neighborhoods exceed those in similar nonhistoric areas.
Older homes come with a story and a history. There is pride of stewardship in becoming the latest link in a chain of people who cared enough to restore a place with love and keep a house alive.