- Inspect for Defects: Be sure to use a licensed home inspector who specializes in older homes. Typical items to look for are; mold, asbestos, termites, wood rot and especially the electrical system. Many older homes contain wiring that is wrapped in fabric called “knob and tube.” Many insurance companies will decline coverage if any remain in the home. Be sure to get quotes for any remediation.
- Know the Historical Style: There is a big difference in restoring an 18th century farmhouse vs an mid-century ranch. A farmhouse tends to have small rooms and dark paneling-lovely but not if your dream is a bright open floor plan.
- Consult a Structural Engineer: It is critical that you understand the scope of your renovation to make sure there are no surprises. A neglected older home can be riddled with issues in the walls and foundation. Be sure to confirm and limit the possibility of these issues by hiring a professional.
- Find Out if the House is Landmarked: If the house is listed on the National Register of Historic Places, it may be difficult to renovate. Do your research ahead of time.
