Five Tips for Buying a Historic House

Purchasing your own historic home or structure is so much more than just owning a gorgeous part of history. It’s a tough job that requires lots of work and isn’t for everyone. There are plenty of historic homes that dot our country from coast to coast, yet there are other structures that might be the perfect candidate for a historic home renovation that you’d previously not considered. Consider the following five tips when buying a historic house.Historic House

Finding a Historic Home

Getting down and dirty with plenty of well-planned research is probably one of the most important steps when purchasing a historic home. The National Registry of Historic Places is a good place to go to find historic structures, districts and neighborhoods in your area that may be up for sale. Your local historic registry office can also help point you in the right direction for tax incentives and other monetary gains for purchasing a historic home.

Registering a Historic Home

There are lots of older historic homes that might not be on the registered list, yet may be the perfect candidate for the registry. Because each local has a different meaning when it comes to a historic home, it’s a good idea to see if the structure is listed as “historic” under the Historic Home preservation Act. You can take a look at the National Registry of Historic Places Registration page and find out if your structure qualifies for a historic home status.

Home Inspections

After all of the research and you’ve decided on a historic structure to renovate, the next step is to have it inspected by a professional home inspection service. An older home is often filled with hidden problems, undiscovered troubles and invisible dilemmas that only a trained professional can detect. If your inspector finds any serious troubles, you may want to lower the asking price or ask for repairs to be made prior to purchase.

Make your Offer

After you’ve found all of the bugs and other troubles that might come with buying a historic structure, it’s time to finalize the asking price. You’ll want to be sure that any repair costs or renovations that the previous homeowner agrees to are all in black and white in the buyer’s agreement. All repairs should also be performed by a licensed professional and repairs should not interfere with the homes original architecture.

Repairs and Renovation

No matter how big or small your plans are for renovating an older home, it’s very important to hire a professional who specializes in historic home renovation. It’s a wide idea to get plenty of references from past customers to determine if they have what it takes to renovate a historic building. You may want to check with local historic district partners to find out exactly what can be renovated and what cannot. In some cases, removing dated architecture like windows or doors can destroy the historic integrity of the structure and ruin the value of the home for good.

Join The 12 Week Challenge To Become Location Independent

Jonathan and I frequently talk about the people in our community who email us, comment here, chat in the clubhouse or message us on Facebook. The focus of our conversations is often the topic of what gets people stuck on their journey to location independence.

There are numerous things which people struggle with but one of the most common hurdles is generating a location independent income and setting up a location independent business.

We’ve tried a few things to help with this, including the Business Guide, the Freedom Roundtable and private consulting – but all of those things cost money and are therefore not available to everyone. We wanted to do something which is free, leverages our/your time as much as possible and which will help people take massive action and make massive progress towards their goal of location independence.

These conversations, in conjunction with others we have about where we want to be and what we want to achieve (especially Jonathan), have all resulted in this…the 12 Week Challenge.

In a nutshell, it’s a 12 week “program” which is free to join. The aim of the game is to help you make massive progress towards becoming location independent by getting everything in place you need for a location independent business. It starts on Monday, 5th April.

Each week for 12 weeks, we’ll post a task which you’ll complete with the help of the tips & resources we’ll be suggesting (look out for some pretty cool tips from people at the top of their game). At the end of each week, we’ll round-up your progress (if you tell us about it) here on the blog. We’ll be encouraging lots of cross-participation, community support and hoping to get you all commenting, cross-promoting and more on each others’ sites and projects so everyone who joins will benefit from this community effort to make massive progress on an individual level.

The details are here but if you’d like to take part, let us know here in the comments or in the Clubhouse so we can feature you on the site when it starts and help you along the way. So if you’ve been struggling to become location independent, why not join us on the 12 Week Challenge and make MASSIVE progress on your own journey?