2. Make a conditional offer- Since older homes can have structural issues that are visible only to a home inspector, it’s best to make a conditional offer. A major issues that’s discovered during the home inspection could greatly lower the price of the home.
3. Order a home inspection- As stated in the previous tip; the home inspection is imperative. In older homes, the most common issues include sub-standard wiring, asbestos insulation, toxic lead-based paint, leaky or decaying roofs, damp basements, the presence of bugs and other pests and general neglect. Old heating units, heating, plumbing or electrical systems are items you’ll want to pay attention to as well as they may need to be replaced. Make sure that modern systems can be installed without damaging the home.
4. Finalize your offer- Your Boston Real Estate agent will be able to consult with the sellers agent about any concerns your inspection may have turned up and adjust your offer accordingly. If the seller agrees to make any repairs or improvements, make certain that these are included in the purchase agreement, along with a stipulation that any renovations be done in a manner that won’t hurt the home’s historical designation. Also, be sure to list in the agreement any items from the home (antique chandeliers, brass doorknobs, etc.) that you want included in the deal.
5. Renovate with care- Renovating one of Boston’s historic properties is a great way to give back to the community. If you are considering a renovation, you’ll want to hire a contractor whom you know specializes in historic homes. Remember, there may be restrictions on what you can and can’t do to a historic home. If the home is located in a designated historical district, you may be barred from replacing doors and windows, and some districts even place restrictions on what color you can paint the house. View more information on the Boston Preservation Alliance website.
6. Consider resale value- While well-maintained historic Boston homes can be some of the best selling properties, some historic homes may be difficult to sell. There may be a smaller market of those interested in accepting some of the quirks that can come with an older home, so you’ll want to be sure to take that into consideration unless you have plans to renovate for modern conveniences.
Ken Snyder
Keller Williams Realty Boston-Metro
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Keller Williams Realty Boston-Metro
Visit My Website
See Homes for Sale in Boston
Connect with Me: Facebook | Twitter | Linkedin
Contact Me