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Is An Old Home for You? - The Pros
If you prefer a home that is unique and has character, you probably are giving some thought to buying an older home. Before buying, it's a good idea to carefully evaluate the pros and cons of owning the home. In this article, we cover the positive benefits I have realized by owning a home built in 1825. The Pros of An Old Home In 1972, my husband and I bought a house built in 1825. While maintenance has certainly been an issue, there are more than a few positives to the home. Everything is real. There's no fake anything. Bricks are brick. Wood is wood. Slate is slate. Fireplace mantles, chair rail, crown molding, and baseboards are not dinky little things; they're beautifully proportioned. The floors are rich, wide, heart of pine planks. There's a rich feeling of history and being connected to our country's past that permeates through our neighborhood. George Washington grew up just across the river and trudged up the lane across the street from us daily to attend school. James Monroe and Mathew Fontain Maury (the "pathfinder of the seas") lived within a block of us. Our house was used as a boys' military academy (Philips' Military Academy) prior to the War Between the States. Put together, one gets a feeling of wonder when walking around the community. Old houses can also be a very good investment. First, there is a limited supply of them. With the popularity of historic societies and the preservation movement, people have become more appreciative of them. Precisely because of the center city locations of many of them (which provided drawbacks for us when we first moved here), they are often in what have become highly desirable locations. Our house is within two blocks of commuter rail that runs into downtown Washington, D.C. and many old cities have old house neighborhoods in terrific locations. Boston, Richmond, Savannah, and Charleston come to mind. We paid $35,000 for our house in 1972. Within the last year, two houses within a block of us have sold for more than a million dollars. I have a feeling that our home may be the best investment we've ever made. That about sums it up. Beauty. A sense of it being "real." Feeling connected to the past. And a darned good investment to boot. Yup. We've spent some blood, sweat, and tears. Real money, too. But I'd do it over again in a heart beat. Raynor James is with http://www.fsboamerica.org - providing homes for sale by owner, "FSBO", properties. Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home sale for free for one month.
MORE RESOURCES: Elon Musk sounds the alarm on real estate, warning a spike in defaults on mortgages and commercial loans could hammer banks Yahoo Finance Elon Musk Warns Of A Real Estate Crash: Our Approach Seeking Alpha Signature Bank's New York Real-Estate Problem National Review South side hotel headed for start near downtown Fort Worth The Dallas Morning News 8 Best Places to Live in Texas, According to Real Estate Experts Travel + Leisure $6.29M estate hits market as most expensive home listing in Concord - Charlotte Business Journal The Business Journals Eight Must Reads for Real Estate Investors Today (March 28, 2023) Wealth Management Michael Saunders makes top 500 real estate ranking Your Observer Here Are NYC's Biggest Real Estate Loans in February The Real Deal Next Dor: From Fashion to Real Estate | Detroit Jewish News The Jewish News Crescent Real Estate exec heads to West Dallas investor The Dallas Morning News The Top Real Estate Companies in Georgia Real Estate GFP Real Estate Signs Eight New Leases Totaling 13291 SF at 209 ... Real Estate Weekly How do real estate agents get paid? Stephanie Jones tells us what we need to know when buying a home WLUC Real Estate Transfers (Week of March 27) Times Bulletin Cottage real estate rush slows to a stall Financial Post Island real estate transactions - 03-29-2023 The Anna Maria Islander Mignon Lagatta Real Estate purchases Reno building | Serving ... Northern Nevada Business Weekly Plan B Investments Buys 70 Property Portfolio from Trei Real Estate Sovereign Wealth Fund Institute Foreigners Check Out Greek Real Estate Online GreekCityTimes.com Commercial real estate firm, agents and staff recognized by parent ... Greater Wilmington Business Journal Real estate market hits seasonal slowdown in Capital Region The Saratogian Private equity real estate firm acquires St. Mary’s County shopping ... Maryland Daily Record Market Turmoil Slows Momentum for Real Estate Interval Funds Wealth Management Real Estate: March 13 – March 17 Newport This Week Wilton Real Estate Report (March 17-23, 2023): Five Properties ... Good Morning Wilton Acento Real Estate Partners Buys DC-Area Apartments Multi-Housing News Shock And Awful In Commercial Real Estate Seeking Alpha Real estate, utilities ETFs see outflows; crypto products lure inflows ... Pensions & Investments Forren retiring from West Virginia Real Estate Commission post Parkersburg News Who are the top selling real estate agents in Chattanooga? Chattanooga Times Free Press Real estate plans from candidates Brandon Johnson, Paul Vallas Crain's Chicago Business Real Estate Experts Rank TOP 8 Texas Cities To Live In 2023 Traveling Lifestyle Breaking Down Real Estate's Banking Crisis Nightmare The Real Deal Is Real Estate the Next Shoe to Drop? Investing.com Real estate developer Robert Rosenberg, who died Friday, had ... Greater Wilmington Business Journal Public Records: Muskingum County Real Estate Transfers Zanesville Times Recorder Real estate professionals crucial to helping sell home Cleveland Jewish News Prairie Land REALTORS® partners with MLS Grid to manage real estate data feeds, standardize vendor licensing Yahoo Finance Sheppard Mullin Lands Five-Attorney Real Estate Team Business Wire Tedisco Helps Open New Mechanicville Real Estate Firm The New York State Senate Pension Real Estate Market to See Huge Demand by 2028 ... Digital Journal In Duluth, Real Estate Collides With Climate The New York Times 2023 Distinguished Real Estate Award University of Cincinnati State of Federal Real Estate | Transportation and Infrastructure ... The House Committee on Transportation and Infrastructure Link Real Estate Investment Trust : REIT's Rights Issue is 240% Subscribed Marketscreener.com Delray dream run real estate professional Pecotic set to achieve dream by combining work with tennis, sets goal of playing 25 tournaments this year TennisUpToDate.com REAL ESTATE | DPW crews rehab salt shed in Hartford, WI | By ... washingtoncountyinsider.com City Likely to Settle with Ex-Real Estate Adviser For $9.4M Voice of San Diego Tahoe real estate TV show to launch in April Tahoe Daily Tribune Former Tampa Area Real Estate Professional Sentenced To 24 ... Department of Justice Estate Mogul Tied to SF Scandal Buys $15M home The Real Deal School of Business Launches Online Real Estate Development ... Montclaire News |
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