Some people love the blank slate offered by a brand new home. Others prefer the quirky charm and lived-in ambiance of an older home in a historic neighborhood. After many years in the business, our REALTORS® have sold just about every kind of home there is.
If you're out looking for Ann Arbor homes for sale, you have a wide range of options to choose from. Some of those options will be historic homes that come with plenty of charm and, in a lot of cases, may need a lot of work. Here's what you need to know about buying that historic home.
Pros of buying a historic home
- Historic homes are unique.
Older homes often have unique features that range from charming to downright odd, but one thing's for sure: You won't find them in a newer house. From intricate crown molding and hand-carved railings to antique fireplaces and quirky fixtures, historic homes are often packed with one-of-a-kind features. You're not likely to find them anywhere else.
- The architecture will be genuine.
Plenty of new houses are built to look old-fashioned, but there's no substitute for the real thing. Historic homes have architecture that reflects the period style in which they were built, be it colonial, Victorian, midcentury modern, or another style.
- It comes with a story.
If you're interested in history, it's fun to know that you're living in it. A historic home has likely had dozens of owners over many generations and has a lot of stories to tell. Many homeowners love the idea of writing the next chapter in a home's story.
- The neighborhood is probably great.
Historic homes are usually located in landmark neighborhoods, surrounded by other historic homes. That means you can expect quiet streets, handsome landscaping, and mature trees. Plus, these neighborhoods tend to be near city centers, so you won't have to commute from the suburbs.
Cons of buying a historic home
- "Historic" might be code for "old."
Some historic homes genuinely are pieces of living history. Others are just old and run-down. There's a big difference, and these days there are a lot of online resources to find out the actual history of a house. Our REALTORS® can help with a lot of that detective work.
- Expect some inspection anxiety.
Having a house professionally inspected before the contract is finalized is important with any house, but especially an older home. Even if you're worried about what that inspection could turn up, it could save you thousands in repairs.
- It may need work.
Any home that's more than 50 years old probably needs some work. Even if it's a beautiful home, there's a good chance there will be electrical issues, worn-out plumbing, lead paint, or other flaws. Be prepared to test your DIY skills, or hire a contractor to bring your historic home up to 21st century standards.
- Be ready to play by the rules.
Historic districts are often tightly regulated, so you may have a lot of hoops to jump through if you ever want to change or add on to your home. These regulations are usually put in place to help historic neighborhoods stay historical, but they can be a headache for homeowners.
If you're committed to buying a historic home, we're committed to finding the right one for you. Contact us today to learn more about your options. Let's work together to find an Ann Arbor home that you'll be happy in for years to come!