Heritage houses boast an exceptional charm and give us a glimpse into our past. Auckland is home to several inheritance homes that have stood the test of time and represent the architectural history of the city. However, buying a heritage house requires thorough research, preparation, and a great deal of patience. This blog post will discuss 10 considerations that you need to take into account before purchasing a heritage home in Auckland.
Tips For Buying Heritage Home
Here are the tips you need to take into consideration when buying this type of home.
1. Check the Building’s History
Before making an offer on a heritage residence, it’s essential to know the history of the building. Find out when it was built, who the architect was, and what makes the building significant. This information will help you understand what you’re investing in and appreciate the heritage value of the property.
2. Look for any restrictions
Heritage homes are subject to restrictions and regulations that aim to preserve their historical features. These restrictions may affect renovations and modifications that you want to make to the building. Ensure that you are aware of all the restrictions and obligations that come with owning a heritage property so that you can plan accordingly.
3. Inspect the Foundation
Heritage houses can be classified as ‘leaky homes’ due to the age of the structure and the materials used. It’s essential to inspect the foundation to ensure that there are no water leaks or any issues with drainage. Getting a building inspection done is crucial in identifying any structural problems that may end up being costly in the long run.
4. Consider Maintenance Costs
Ancestry homes require regular maintenance, and repairs can be expensive due to the uniqueness of the materials used and the architectural design. Before making an offer, factor in the cost of maintenance and plan accordingly. It’s also crucial to have a contingency fund set up for any unexpected repairs or emergencies.
5. Understand Heritage Values
These homes are valued based on their architecture, history, and cultural significance to the city. When purchasing a heritage home, it’s essential to understand the heritage values associated with the property. This information can help you maintain the original features of the building and appreciate its historical importance.
6. Check for Modern Amenities
Heritage homes are famous for their unique features, but they may lack modern amenities such as central heating or air conditioning. It’s essential to check if the home has been updated to include modern conveniences and if not, factor in the cost of retrofitting these amenities.
7. Review the Security Requirements
These homes more often than not require specialized security systems that cater to the unique features of the building. Ensure that you have reviewed the security requirements beforehand, and budget appropriately.
8. Familiarize Yourself with the Neighbourhood
It’s essential to understand the neighbourhood that the heritage house is in. Review the nearby amenities and determine if they meet your needs and preferences. It’s also important to know the neighbourhood’s zoning laws as they tend to differ between heritage and non-heritage homes.
9. Hire Experts for Renovation Work
Legacy homes require specialized renovation work due to the uniqueness of their design and the materials used. Hire experts with experience working on heritage homes to ensure that the renovation work is done correctly and in compliance with the regulations.
10. Look into Financing Options
Various financing options cater to heritage houses, such as the Heritage Home Loan and the loan for property owners on the historic register. It’s essential to find out which financing options work best for your situation to make the purchase process more manageable.
Buying a heritage home in Auckland is an exciting and rewarding experience, but it requires extensive research and preparation beforehand. By considering the above 10 crucial factors, you’ll be able to make an informed decision and appreciate your heritage home for years to come. With proper planning and the right experts, owning a heritage residence in Auckland can be one of the most satisfying decisions you’ll make.