Buying a historic home in Charleston, South Carolina may be a dream, but it’s not without its pitfalls. When purchasing an older home, there are things to consider which usually won’t apply to newer houses. Sometimes, new buyers get so excited at the prospect of owning a historical house that they forget to study any special needs that the residence may need, such as specialized upkeep. Fortunately, our team here at Team Lail-Chambers has plenty of experience when it comes to buying a historic home. Charleston, SC is full of them so, if you are thinking about purchasing a historic house for yourself, here are some important things to consider:
What You Should Know Before Buying a Historic Home:
Get Familiar with the Historic District
Every historic town or city should have a preservation organization, or something similar. Their aspiration is to preserve the look & feel of old, historic homes & buildings so that they stand the test of time. In Charleston, South Carolina, for example, the Board of Architectural Review (BAR) oversees the preservation of historic houses. Whatever changes you make to your house, even something as small as the paint color, will require approval from the BAR. When purchasing a historic home, you will also have to pay an easement, which is legally binding, basically agreeing not to make unapproved changes to the house. It can limit your creative options, but on the bright side, it may qualify you for a federal tax deduction.
It Can Get Expensive
Remember, the purpose of preserving an older house extends inside the home, as well. Put simply, repairs & upkeep for your historic house can get a bit pricey. You may need to purchase certain materials or resort to older means of repair in order to preserve your home’s look & feel. Make sure in advance that you’re putting extra money aside for these “in case” moments.
The House May Have Some Quirks
Old houses can sometimes mean old problems. Your house could have central heating complications, leading to, for example, cold drafts at night or during the wintertime. These problems can be troublesome or more expensive than usual to fix (within regulations), so you may need to prepare to adjust your way of living to accommodate your new home. Fortunately, Charleston, SC stays pretty warm most days of the year!
So, Choose Team Lail-Chambers to Find the Right Home for You!
We don’t mean to spook you off the idea of buying a historic home. Far from it! Living in a historic house can be a very rewarding & fulfilling experience. We only want to make sure that potential buyers know the reality of what they’re purchasing. When you’re looking to buy a home in Charleston, South Carolina, historic or otherwise, make a call to Team Lail-Chambers. Our team of experts, led by Bob Chambers & Pheobe Lail-Chambers, are some the most professional agents you’ll encounter, & will give you the easiest home-buying experience imaginable. We can help you determine your top priorities & find a place that accommodates both your taste & your budget. Our staff knows the Lowcountry well & is acquainted with all of the facilities, resources, & services available in each community. We’ll make sure to fit you with a home you’ll love!