Different Expectations for Historical Homes: What Buyers and Sellers Need to Know

There’s something undeniably charming about historical homes — the character, the craftsmanship, the sense of stepping into a story. But purchasing or selling a historical property comes with unique expectations and responsibilities that set it apart from modern real estate.

If you're considering buying or selling a home with historic significance, here's what you need to know — and what makes these properties so special (and sometimes challenging).

What Is a Historical Home?

A historical home is typically a property that:

• Is at least 50 years old (though criteria may vary)

• Maintains architectural integrity from a certain era

• Holds historical or cultural significance

• May be listed on a local, state, or national registry, such as the National Register of Historic Places

Not all old homes are considered "historic" — true historical designation comes with documentation, oversight, and often, regulation.

Expectation #1: Preservation Over Personalization

Unlike newer homes, historical properties often come with restrictions on renovations. If the home is officially designated as historic, you may need approval to:

• Replace windows or doors

• Repaint exterior colors

• Add structures or change the layout

• Upgrade certain materials

Tip: Always check with your local historic preservation board before making changes.

Expectation #2: Unique (and Sometimes Costly) Maintenance

Historic homes were built with different materials and techniques. While that's part of their charm, it also means:

• Repairs may require specialized contractors

• Replacement parts (like wood moldings or antique glass) can be expensive

• Older systems (plumbing, electrical, HVAC) may not meet modern standards

Budgeting for ongoing maintenance is essential when owning a historical property.

Expectation #3: Higher Insurance Considerations

Because of their age and replacement value, insuring a historic home may cost more. Some insurers may require:

• Detailed appraisals

• Proof of updates (like new wiring or roofing)

• Special coverage for historic restoration

Not all insurance providers offer historical home coverage, so it’s smart to work with one that specializes in older properties.

Expectation #4: Energy Efficiency Challenges

Older homes were not built with energy efficiency in mind. Expect to encounter:

• Drafty windows and doors

• Little to no insulation

• Outdated heating and cooling systems

However, there are modern solutions available — and many states offer tax incentives or grants for energy upgrades in historic homes, especially when done with preservation in mind.

Expectation #5: Added Value for the Right Buyer

Historical homes often appeal to a specific type of buyer — one who values:

• Architectural uniqueness (Victorian, Colonial, Craftsman, etc.)

• Original materials and period details

• A sense of heritage and charm

These buyers may be willing to pay a premium, especially if the home is well-maintained and located in a historically significant neighborhood.

Financing May Be Different

Buying a historic home can require unique financing. Some government-backed loans (like FHA 203(k) or Fannie Mae’s HomeStyle loan) allow for purchase and renovation costs combined — but always work with a lender familiar with historic properties.

Owning or selling a historical home isn’t for everyone — but for the right person, it’s an opportunity to preserve a piece of history and live in a truly one-of-a-kind space. Understanding the different expectations around maintenance, restrictions, and value will help you navigate the process with clarity and confidence.

Thinking about buying or selling a historical home? Jackie & Willie are here to help you appreciate the past — and make informed choices for your future.