The Care And Feeding Of Older Homes And Buildings

By
Real Estate Agent with The Maine Real Estate Network

Vintage Maine HomesHere in Maine we have no shortage of vintage homes.  When considering the purchase of a vintage home, it is important to understand that homes certainly can last for hundreds of years, but they do require special care and feeding to do so.

General preventive maintenance is important, but that alone will not keep the builing going.  At some point, major systems and components will need to be replaced.  Before you fall in love with the charm of the woodwork, built-ins and other period features, it is important to research the history of the building and determine which upgrades and improvements have already taken place and more importantly, which ones will be needed in the near future.    ...and to consider this when choosing the price you are willing to pay.

 

Since centarian homes are not uncommon in our area, simple cosmetic improvements are not enough to preserve and improve a home's value.  These may be the most fun to do, but the savvy home buyer will tend to the structural and system repairs and improvements first. Un-glamorous as they may be, these renovations are what future buyers will look for.  

A good rule of thumb is to start with the safety related improvements first, then move on to items that prevent further deterioration.  Once those are complete, you can move on to the projects that improve energy efficiency and add value, THEN you are free to poke away at the fun cosmetic improvements.

The right improvements to your older home, will not only increase it's lifespan and value, but they will add to your comfort and enjoyment while you live there.

 

Note:  "Fairhaven." the home pictured above was built in 1842 for a local sea captain and was lovingly restored by it's most recent owners.  With continued care, this home should last at least another 100 years. 

 

Posted by

The Maine Real Estate Network - Kristen Wheatley - Lewiston-Auburn Maine Real Estate

Maine Realtor Kristen Wheatley  

Kristen Wheatley is a Maine Realtor working and living in Central Maine.  She specializes in the sale of residential and investment property in the Lewiston-Auburn area and surrounding towns.  Kristen uses the latest tools and mobile technology to provide a superior experience and results for her clients and enjoys sharing these technology skills and teaching other real estate professionals and local small business owners.

The Maine Real Estate NetworkKristen Wheatley, Associate Broker
The Maine Real Estate Network
34 Center Street - Auburn ME 04210
mainehomeseller@gmail.com
207-240-2250     www.lamainerealestate.com

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Topic:
Home Buying
Location:
Maine
Groups:
Maine ActiveRain
Maine Real Estate
Tags:
antique homes
vintage maine homes
buying an older home

Comments 23 New Comment

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Rainmaker
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Scott Fogleman
Witt-Fogleman, Inc. - Bedford, Lynchburg, and Roan
Witt-Fogleman Team 434-941-8847

Kristen- Great poest and a good idea on how to select which repairs to make first. Often people do the cosmetics first and then wonder why they have to fix something again..

June 10, 2013 02:44 AM
Ambassador
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Liz and Bill Spear
RE/MAX Elite Warren County Ohio
RE/MAX Elite 513.265.3004 www.LizTour.com

Kristen, Great advice!  I think too often buyers fall in love with the idea of an older home without taking into account the realities of what is involved in maintaining that home.

June 10, 2013 03:11 AM
Rainmaker
565,476
David Popoff
Realtor & Property Manager, Fairfield County, Ct.
DMK Real Estate & Property Mgmt

Kristen some good idea's there, old homes have so much character it is nice to save them.

June 10, 2013 06:12 AM
Rainmaker
472,114
Chris and Dick Dovorany
Broker/Associate at Premiere Plus Realty
Homes for Sale in Naples, Bonita Springs and Estero, Florida

It really does take a special person to want a vintage home.  In our former home in Wisconsin there was a huge rebirth of the historic district.  Huge old mansions.  All the younger people were picking these up for a song and starting to renovate.  Then winter came.  $1,500/month heating costs.  Oh dear. 

June 10, 2013 06:45 AM
Rainmaker
263,502
Kristen Wheatley
Lewiston/Auburn Maine Real Estate Agent
The Maine Real Estate Network

Thank you for all of the comments.  It is good to see so many people familiar with the needs of older homes.  I don't want to scare anyone away from these vintage treasures.  It is just good to know what to expect.  I've been under the weather myself so I haven't been able to respond to all, but will try a bit later.

 

Chris:  Great point.  The home listed above, since the owners replaced old windows, insulated, and waterproofed the basement and crawlspace, only uses less than 500 gallons of oil all year.  A HUGE difference from what it had been.  THose energy efficiency renovations are big money savers and can help pay for all of the fun stuff.

June 10, 2013 12:00 PM
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Rainmaker
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Kristen Wheatley

Lewiston/Auburn Maine Real Estate Agent
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