If you are buying a heritage listed property, it pays to do your homework. Get expert advice from Andrew Winter!
Heritage properties can be tricky because they are often subject to a lot restrictions so here are a few things to look out for.
- First of all, before you buy a heritage property make sure you are clear about what you plan to use it for now and in the foreseeable future. As renovating a heritage will be subject to council approval.
- Check with the council or local heritage dept as to whether the building has been a heritage study or as in grace and micheals case a home that is listed ‘ a building of significance’
- These listings can have an impact on any plans you might have for renovation, as well as impacting on the materials and paint colour choices that can be used on the building.
- Often heritage homes have bluestone footings which are susceptible to movement from summer to winter. Rising damp in old homes with solid brick walls is another area which needs to be checked ….
- Some lenders see heritage listed properties as being more difficult to sell and rarely lend more than 80% of the homes value.
So follow these tips to make sure your historic dream property doesn’t become a nightmare!