Our area is rich in history, a fact that local municipalities are very proud of. Keeping that history intact and alive is important, and recognizing the historic buildings in our communityhelps to preserve the architectural, and aesthetic character and heritage of an area. When it comes to owning a part of history, there are some important things buyers should know before taking on the responsibility.
Whether you fell in love with the stained-glass windows, the hand-carved banister, the carefully planned landscape, or the style derived from the house’s era as a whole - buying historic homes is very different from other properties because there are certain guidelines you’ll need to follow.
What is Considered a Historic Home?
A historic home is a residential building that has a form of historical value and has been recognized by the Canadian Register of Historic Places. This can include private homes, commercial buildings that contain living premises, landmarks, and entire districts as long as;
Research Before You Plan
Canadian Register is an acknowledgment of a property’s importance to its community, state, or nation. Some homebuyers may be worried about owning a home with a historic title, due to the possibility of infringement of their property rights. But this is not the case with title-holding homes as long as the work receives no federal money and requires no federal license or permit.
Owners are under no obligation to restore their property or to open their doors to the public.
Some historic district commissions may require replacement of damaged materials with material or design features original to the building.
Historic areas can be a competitive market, so you will want to ensure your finances are in order, and that you’re willing to stick within the guidelines of owning a historic home before you begin looking. Be sure to hire a thorough home inspector to see if the home needs work and get connected with the town to see what wiggle room you have to update the home, while keeping its historical status.
Contact a REALTOR® today to find the home that’ll help write the next chapter in your family’s history.
Looking for an experienced REALTOR ® that specializes in real estate across Windsor and Essex County? At Royal LePage Binder Real Estate, we are focused on helping you unlock your future.
