5 questions for those who wish to purchase a historic building
Not everyone loves modern architecture, but there are few who can afford buying an old house, which is also in good condition. Not so few, however, are also those who inherit homes with historical architecture and defying the bad taste in housing construction, seen in the last few years.
For those who have the money to invest in such a building, experts recommend keeping to the last detail the old architectural style and preserving all the old elements that give personality to this type of building. Before considering any remodeling, the owner will need to make sure that is not registered in the heritage of historic monuments. If it is not listed in heritage, based on a building permit from the municipality, one may interfere with current elements, but they must be in accordance with what already exists.
Novelty should not brutalize the “air” of the time in which the house was built, and most important is the structural strength when purchasing. To avoid unpleasant surprises along the way, it is recommended, first, consulting an expert, regardless of how resistant such a building appears at first sight.
He will know exactly what consolidation steps need to be taken and what can be removed out of the house in terms of functions. These homes were designed in their time for other needs than those of today. There were other priorities in designing the rooms, perhaps including a tea room, for example.
We need, therefore, readjustment. Walls must be torn down, doors need to be installed, a lot of things change. But not on the outside, especially, if such a house is a part of a collection of old buildings. It is preferable not to interfere with bright colors that have nothing to do with the look of an old house. Keep pastel colors which are natural and good quality.
Historic buildings are not ordinary buildings and sometimes overwhelmed by excitement and bewitched by their natural beauty, some buyers may make wrong calculations. Such investment can turn into an unwanted bankruptcy, sooner than expected by anyone. So, in the following lines, a selection of the most important questions that must be answered, has been made, before buying buildings with historical value.
1. What are the local regulations on historic buildings? This way you will learn for what purposes you can use the purchased building, home or commercial space, what interventions are allowed at the facade level (design, materials, colors), etc.
2. Does the building you buy, need extensive restoration works? You should consult an architect and an interior design specialist for an assessment of the cost of such restoration.
3. Is there an original materials or alternative market for restoration? Restoration of historical value buildings cannot be done with low-cost materials. You need to know this and to expect a consistent budget, much higher than for the restoration of a normal house. Materials for such works can, beside money, cost much time- the time required to procure them.
4. Are there any craftsmen who have knowledge and work portfolio in the historic buildings? There are painters, but not everyone can paint churches. Choose your team wisely, because not everyone can make the painstakingly renovations with the craftsmanship required by historic buildings.
5 . What is the “story” of the historical building you want to purchase? The value of buildings beyond the real estate market, is within the story that lies hidden behind its walls. Not every building in the historic downtown has a truly historic value but if you find the story of your building, you win! “Here lived …” “Here spent the night …” or “In this building functioned …” – an inscription of this kind, placed on the facade of the building will increase the value several times. If you want also to make money out of your building and recover your investment look towards buying a hotel or motel, find out their stories here: Businesses-Properties.com and turn them into a profitable investment.