Buying In Historic Neighborhoods
Colorado is full of beautiful historic homes and neighborhoods that reflect our state's charm and rich history. We have everything from pre-1900s ranches, wild west saloons, and restored governor mansions, many of which are on the market. For some home buyers, the idea of owning a piece of history is very attractive. Buying a property from a particular era or architectural style gives owners a great sense of pride. Though these homes do bring a lot of joy, there are some things you should know before putting pen to paper.
Prior to purchasing a historic home in Colorado, consider the unique responsibilities that buying and owning a historic home brings. Though historic homes tend to sell faster and hold their value for longer, they can also be expensive. Putting aside the higher price tags for these types of homes, it's the repairs that could create a large dent in your wallet. Repairs on a vintage home can be more costly and take longer if compliance processes are involved. To get prepared, research the local planning and zoning guidelines, including any restrictions on home design. The last thing you want is a lengthy review by a commission regarding the historic sensitivity and architectural compatibility of your lawn ornaments.
Even for minor changes permits may be required, especially for any exterior changes. Also, most historical homes are on busy streets and see more traffic. Keep in mind that historic neighborhoods often attract more onlookers, from history buffs to walking tours. If you are interested in looking at a historic home for sale in Colorado, talk to your agent. Your agent can show you what is available and give you more tips on the pros and cons of buying a historic home.