10/14/2023

Historic Home Renovation: The Pros, Cons, and Costs

Renovating a historic home is a journey through time, a chance to breathe new life into architectural gems that have weathered the years. While the allure of preserving the past is undeniable, there are challenges and considerations unique to historic home renovation. In this blog post, we will delve into the pros, cons, and costs associated with the restoration of these timeless residences.

Pros:

Architectural Charm:

- Preservation of History: Renovating a historic home allows you to contribute to the preservation of local history and cultural heritage.
- Unique Features: Historic homes often boast unique architectural elements and craftsmanship that are often never found in modern constructions.

2. Increased Property Value:

- Market Appeal: Well-preserved historic homes can attract buyers seeking a unique property with character and history, potentially increasing the overall value of the house.

3. Tax Incentives:

- Historic Tax Credits: Some governments offer tax incentives for the restoration of historic properties, helping to offset renovation costs.

Cons:

Regulatory Challenges:

- Stringent Zoning Laws: Renovating a historic home often involves navigating through strict zoning laws, preservation regulations, and going before committees, which can limit design and construction choices.
- Approval Delays: Obtaining permits and approvals for renovations may take longer due to the need for adherence to historical guidelines.

2. Structural Issues:

- Outdated Infrastructure: Historic homes may have outdated electrical, plumbing, and HVAC systems, like knob and tube wiring, aged or faulty piping, and inadequate or even a total lack of an HVAC system, requiring extensive and costly upgrades.
- Hidden Problems: Old homes often can have unforeseen structural issues because of their age, which may be uncovered during renovation and can lead to additional expenses.

3. Cost Overruns:

- Specialized Materials: The need for specialized, historically accurate materials can be more expensive than modern alternatives.
- Skilled Labor: Hiring professionals experienced in historic restoration is a must for working on historic homes, and their labor will likely come at a premium, adding to overall costs.

Costs:

Initial Purchase Price:

- Location: The cost of historic homes varies based on location, with properties in historically significant areas often commanding higher prices.

2. Restoration Expenses:

- Architectural Plans: Engaging an architect to create detailed plans that adhere to historical guidelines.
- Materials: Costs associated with acquiring historically accurate materials for the renovation.
- Labor: Expenses for skilled craftsmen and laborers familiar with historic restoration techniques.

3. Restoration Expenses:

- Architectural Plans: Engaging an architect to create detailed plans that adhere to historical guidelines.
- Materials: Costs associated with acquiring historically accurate materials for the renovation.
- Labor: Expenses for skilled craftsmen and laborers familiar with historic restoration techniques.

4. Unexpected Costs:

- Contingency Fund: Due to the potential for unforeseen issues, it’s wise to set aside a contingency fund for unexpected expenses.

5. Long-Term Maintenance:

- Ongoing Upkeep: Historic homes may require more regular maintenance to preserve their integrity, adding to long-term costs.

Conclusion:

Renovating a historic home demands a love of history that requires a delicate balance between preserving the past and embracing the present. While challenges and potentially higher costs are likely intrinsic in this undertaking, the rewards of living in and contributing to the history of a well-restored historic home can be immeasurable. Understanding the pros, cons, and costs involved is crucial for anyone considering embarking on this captivating journey through time.

We would love to help you do your perfect home renovation. If you have any questions, please give us a call at DreamWorx Renovations.

Resources:

Books:
- “The Old-House Doctor: The Essential Guide to Repairing, Restoring, and Rejuvenating Your Old Home” by Christopher Evers. This provides insights into the common problems of old homes and how to address them.
- “Restoring Your Historic House: The Comprehensive Guide for Homeowners” by Scott T. Hanson. This book delves deep into the process of restoring historic houses, giving detailed advice and strategies.
Websites:
- The National Trust for Historic Preservation: They have numerous resources and articles on preserving and restoring historic homes.
- PreservationDirectory.com: This site offers articles, preservation businesses, and a comprehensive listing of preservation organizations.
- PreservationIdaho.org: Preservation Idaho, a non-profit, collaborates to safeguard Idaho’s historic sites through education and advocacy. Funded by donations and grants, the all-volunteer team emphasizes the state’s unique architectural heritage.
Government Resources:
- The U.S. National Park Service has a Technical Preservation Services department that offers advice on preserving, rehabilitating, and restoring historic buildings.
- Many state and local governments have historic preservation offices or societies that offer resources and guidelines for restoring historic homes. Idaho State Historical Society has resources for historic preservation at history.idaho.gov
Academic Journals:
- Look for articles in journals related to architecture, history, and preservation, such as The Journal of Preservation Technology or The Journal of Architectural Conservation.
Local Libraries and Historical Societies:
- Local sources can provide insights into regional architectural styles, local history, and the unique challenges faced by homeowners in your area. Boise Public Library is at boisepubliclibrary.org
Professional Associations:
- The American Institute of Architects (AIA): They sometimes have resources or publications on restoring historic homes.
- National Association of Home Builders (NAHB): They have resources on building and renovation, some of which might touch on historic homes.
Workshops and Courses:
- Many local community colleges or universities offer courses on historic preservation or architecture that can provide more in-depth information and hands-on experience.