Do you absolutely love the charm and character of the older historical homes? Do you want to be in the middle of town where the city was first created? You can definitely say they don’t build homes with the craftsmanship and charm the way they used to. Older homes have that cute and established factor that you just don’t get with a new home community.
Property Values increase faster with a historical home because the neighborhood is already established and there is a high demand for historical homes. In newer neighborhoods you will have more competition selling because there may still be building going on. So now you have to compete with the builder to sell your house.
If you buy a home in one of the historical districts you may be eligible for tax credits. Our community wants owners to restore and preserve our history. So if you plan to restore the historical character of the home you may have some tax credits.