Historical homes are full of charm and packed with a rich backstory. Luckily for fans of historic homes, Long Beach, California is home to a number of houses lush with history, culture, and beautiful views of the coast. From Belmont Heights to Villa Riveria to Willmore City, there are plenty of historical homes to choose from in Southern California. The question is, is a historic home right for you? Let’s take a look at the pros and cons of owning a historic home.
Cons of Owning a Historic Home in Long Beach
We’re going to start off with the disadvantages of purchasing a historic home first because the list is much smaller. While you may be enamored by the prospect of owning a historic home, it may come with an extra set of responsibilities. For instance, you might need to get permission from local authorities for any renovations or additions you decide to add to the property.
Keep in mind; you are purchasing an older house. That means everything from water damage or electrical updates are a reality.
Lastly, insurance may be a bit higher. Many insurance companies don’t have coverage for historical houses. Therefore, you might need to seek a company that specializes in historic property insurance.
Pros of Owning a Historic Home in Long Beach
Sure, you are paying to live there but buying a historic home is a privilege. You agree to maintain the integrity of a property so many people can appreciate it for centuries to come.
For your hard work in maintaining the house, many governments offer incentives. You may be able to get lower interest loans for any repair work that needs to be done.
Buying a historic home means you are surrounded by history, architecture, and art. Not only is your house a conversation piece for guests, but it’s a tangible piece of history that you can actively explore.
Many that own historical homes get lost in the quest to learn about past owners and those within the neighborhood. Immersing yourself in the deep history will give you more of an appreciation for your surroundings. You’ll have a deeper bond to your home and community. From Mid-Century to Victorian to Spanish style homes, Long Beach is rich in awe-inspiring historical houses throughout a number of quaint neighborhoods.