Historic Homes for Sale in Alabama: What to Consider Before you Buy
Can you picture your family in a historic Southern Antebellum style home with a porch swing and a magnolia tree? You’re not the only one dreaming of living in a home built before your time. When you step into some of the timeless historic homes for sale in Alabama, you are sure to feel a connection to the past.
Before starting your search for historic homes in Alabama, make sure you understand exactly what it takes to purchase and preserve a historic home!
Hint: it takes a lot of love for your home and a little patience, but it’s well worth it in the end.
Historic homes in Alabama and their Southern Charm:
Older homes everywhere often feature beautiful architectural elements such as original woodwork and high ceilings, but historic homes in Alabama offer a certain Southern charm that can’t be found elsewhere! With bigger shuttered windows and wrap-around porches, historic homes for sale in Alabama provide the perfect place for Southerners to lounge and sip sweet tea.
Keeping the History Alive:
Stepping into any of the historic homes in Alabama, especially those of Antebellum style, can give you a sense of nostalgia for hot summer days and easy living. Many people are interested in living in historic homes because of the connection that they feel to the history of the house. By moving into and caring for a historic home, you become a part of the celebration and preservation of history and the continuation of tradition.
Is it Verified “Historic”?
When you are searching through historic homes for sale in Alabama, it is important to understand what deems a house “historic.” Houses are considered historic by the National Register of Historic Places under a few different circumstances: if the original owner of the house was of historic importance, if a historic event happened in the home, or if the house was designed by a prominent architect or part of a historic neighborhood. (1) It is important to do your own research and verification of the history of a house before purchasing. Working with a knowledgeable real estate agent can help in this process!
“By moving into and caring for a historic home, you become a part of the celebration and preservation of history and the continuation of tradition.”
Historic Homes in Alabama Can Get Pricey:
Before you start dreaming of purchasing one of the available historic homes in Alabama, you should examine your daily, monthly, and yearly finances to understand how much you can afford to spend on the purchase and upkeep of your house. Having a savings account can be a crucial safety net when purchasing a historic home because some older houses will need repairs and maintenance. Hiring a professional real estate agent and inspector that have experience working with historic homes can help you spot unwanted problems early, but you should still be prepared in case your historic home ends up needing a little TLC.
Financial Benefits of Owning Historic Homes in Alabama:
Caring for a historic home can be a labor of love, but there can also be financial benefits to owning a historic home. According to the Alabama Historical Commission, there is a 25% refundable tax credit available for homeowners who substantially rehabilitate historic properties that meet certain requirements. (2) There are also often lower interest loans associated with the purchase and preservation of historic homes. (1)
Restrictions and Property Values of the Historic Homes for Sale in Alabama:
Homes on a local or state registry that have a historical designation or are located in historic districts can be subject to restrictions. These restrictions regulate what changes can be made to the exterior of the house and are put in place to keep the historic integrity of the home in tact. If you are looking at one of the historic homes for sale in Alabama and are turned off by the idea of restrictions, you should first consider how this can help your property value! If a home is located in a historic district, this means that all of the houses in the neighborhood will fall under the same government restrictions and your property value is much more likely to stay high.
Secure a Professional Real Estate Agent:
There is a lot to consider when searching through historic homes for sale in Alabama! It is important to understand the ins and outs of purchasing and preserving a historic home before you take the leap. Working with a professional real estate agent who has experience with historic houses can save you a lot of time and energy and you’ll be more prepared to handle the next steps!
Is One of the Historic Homes for Sale in Alabama right for you?
Purchasing and preserving a historic Southern home can make you feel more attached to your roots and it will give you the opportunity to make a difference in your community. If you are searching through historic homes for sale in Alabama, now is the time to contact a real estate agent and ask for help!
While you could complete a successful basic search for historic homes for sale in Alabama, a real estate agent will have a more intimate understanding of the complexities of buying a historic home in Alabama. Take the first step towards your dream home, by calling Southern Real Estate TODAY to get started @ 251-368-4397!