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Reply to "Tell me about living in a historic (old) home "
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[quote=Anonymous]The main thing to understand about living in a historic home is that you almost certainly are going to have higher repair and maintenance costs than in a newer home. Also in DC a lot of flips are done poorly...friends that lived in a flipped rowhouse had to do a lot of repairs to their new renovation, including an improperly installed HVAC system. The pieces of ductwork weren't even fastened to each other, let alone properly sealed or even installed in a way that considered the size of the rooms being heated/cooled. So they had to deal with a lot of pain in the a$$ repairs. But the area was also appreciating rapidly and their house eventually sold for double what they paid for it after living there for a bit less than 10 yrs so it worked out OK. But a bad flip could be a disaster in an area where home prices are more flat. Just go into it knowing what you're dealing with.[/quote]
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