Buying a House in a Historic District? 5 Things You Must Check Before Closing
There is an undeniable allure to living in a designated historic district. Whether it is the tree-lined streets of a Colonial Revival pocket or the ornate craftsmanship of a Victorian-era row, these neighborhoods offer a sense of place and stability that modern subdivisions often lack. For many homebuyers, purchasing a "certified historic structure" is the fulfillment of a lifelong aesthetic dream. However, buying a home with a storied past is fundamentally different from purchasing a contemporary build. While the architectural integrity is a major draw, it comes with a specific set of responsibilities and legal constraints. To ensure your dream home doesn't become a regulatory headache, there are five critical "due diligence" steps you must take before you sign the closing papers. 1. Verify the Specific District Boundaries and "Contributing" Status Not every old house is a "historic" house in the eyes of the law. Your first step is to confir...