Colorado Springs offers many options in historic housing, including two designated Historic Districts. Historic homes offer the opportunity to enjoy a house filled with character and history, but there are a few things to keep in mind when considering whether an older home is right for you.
What makes a house historic?
Just because a house is old doesn’t mean it qualifies as being historic. For a property to be listed on the local, State or National Register of Historic Places, buildings must meet the following general criteria:
Age and integrity: The property must be at least 50 years old to qualify. It should also have visual integrity, meaning it should retain many of the original character-defining features.
Significance: Properties derive historical significance from their association with important historical events, figures, or the architectural style.
What to keep in mind when shopping for a historic home
While buying a historic home isn’t all that different from buying a newer home, there are a few points to consider.
1. Find a Real Estate Agent knowledgeable about historic properties. A good Agent familiar with historic homes and neighborhoods can help ensure you have all the necessary information before purchasing.
2. Home inspections are critical when considering purchasing an older home. From structural issues to sewer lines, a good inspector can help you identify potential issues from the start.
3. Make sure you understand if your home is in a historic district or has an easement, and if there are any restrictions on modifications to the property. You may be eligible for a tax credit for performing approved and qualified preservation activities, but make sure you understand the rules before you buy.
4. Homes in historic neighborhoods tend to sell faster, have lower turnover and hold their value. That being said, homeowners insurance may cost you more in an older home.
How to care for and preserve your historic home
1. Schedule regular maintenance. Keeping older features such as siding, masonry and windows in good shape requires regular maintenance and care that a newer home may not require.
2. Keep unique or significant features intact. One of the most appealing things about a historic home are the details - keep and maintain the things that make your home special.
3. Remodels and additions should be compatible with the original architecture and undertaken with care so as not to damage the integrity of the original style and materials.
