Between the Beams: Top 4 Advantages of Historic Homes

Between the Beams: 
Top 4 Advantages of Historic Properties

Pros and Cons of Older Homes

Whether you already own an older property or you’re looking to enhance your quality of life and sense of community with historic preservation, it’s important to know all of the facts so that you can be fully prepared to make an informed decision. 
 

What’s not to love?  

There are endless reasons to love an older home … and some would argue they’re quite comparable to becoming a caregiver; whichever side, let’s take a look at the Top 4 Advantages of Historic Homes.  
 

Advantages

  1. Preservation:  a story and landscape
  2. Originality:  unique, one-of-a-kind
  3. Popularity:  less demand from modern families
  4. Financial:  tax benefits, grants, specialty mortgage programs

Disadvantages

  1. Maintenance:  becoming a caregiver
  2. Investment:  both time and money
  3. Amenities:  short-term modern sacrifices
  4. Improvements:  specialized renovations & integrity in product selections

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Chester County Housing Market Insight

Data can always tell a story and it’s important for you to understand the data to notice a trend.  Take a look at the table below so that you can see how Chester County’s Median Sales Price has gone from $275,000 in December 2010 with an exponential increase up to $385,000 in December 2020.  

While the purchase price of properties may have increased, we have seen a significant decrease in interest rates … historically low interest rates … to maintain affordability … and profitability.  

What story does the data show you?  Enlarge the files below for best viewing.  Keep in mind:  for a full picture, it’s best to take a look at each school district and municipality.  If you’re a data junkie like I am, reach out to me for details.  

 


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