Tacoma Real Estate: Historic Homes in Tacoma
If you’re shopping for a home in Tacoma, and are interested in a Historic Home, then this blog post is for you! We will include some need-to-know information, as well as links to interactive Tacoma Maps to continue your research.
There are many historic homes in Tacoma, and it’s no surprise that you’re interested in one. Historic homes are homes that are 50 years old or older, and have maintained certain character of the original home and been registered through the city of Tacoma. While buying the home will be similar to buying a non-registered historic home, there are certain facts that you should be aware of before purchasing. If you are wanting to do upgrades to the home- the historical integrity of the original home needs to be maintained. When repairing, original materials should be used whenever possible. Features of the home that are deemed historical should be maintained and not damaged. Alterations or new additions to the home should be cohesive with the historic features and be compatible features and materials.
While this may seem a bit daunting, keep in mind that historical homes hold their value better than the average house, and in general, sell for more money. There is something unique and special about owning a piece of history! If you want to explore the Historic Property Registry for Tacoma, click HERE. It will connect you to Tacoma and Pierce County’s Home and Buildings Research guide. For an interactive map of Tacoma’s Historic Homes, click HERE. You can zoom in to click on specific properties (outlined in orange) that have historic designation.
Here are some pros and cons of owning a historical home.
Pros:
Unique Character and Charm: Historic homes often boast unique architectural features, intricate details, and a distinct sense of charm that can be difficult to find in newer properties. Living in a home with character and history can provide a sense of connection to the past.
Historic Neighborhoods: Many historic homes are located in neighborhoods with a strong sense of community and a unique atmosphere. These neighborhoods may have tree-lined streets, well-preserved architecture, and a close-knit feel.
Potential for Appreciation: Well-preserved historic homes in desirable neighborhoods may appreciate in value over time, especially if the area experiences revitalization or becomes more sought after by homebuyers.
Craftsmanship and Quality: Older homes were often constructed with high-quality materials and craftsmanship, which can contribute to the overall durability and longevity of the property.
Tax Incentives: Depending on the location and historical significance of the home, you may be eligible for tax incentives, grants, or other financial benefits aimed at preserving historic properties.
Cons:
Maintenance and Repairs: Historic homes often require ongoing maintenance and repairs due to their age. Upkeep can be more expensive and time-consuming compared to newer homes, especially if the property has outdated systems or requires specialized materials.
Limited Modern Amenities: Historic homes may lack modern amenities and features that are common in newer homes, such as open floor plans, large closets, and energy-efficient systems. Retrofitting these features can be costly and challenging.
Restrictions and Regulations: Depending on the property's historical significance and location within a designated historic district, there may be restrictions on what changes you can make to the exterior and even the interior of the home. These restrictions aim to preserve the property's historical integrity but can limit your design choices.
Higher Energy Costs: Older homes may have less insulation and outdated heating, cooling, and plumbing systems, leading to higher energy costs compared to newer, more energy-efficient properties.
Potential for Lead Paint and Asbestos: Historic homes might contain materials such as lead paint and asbestos, which can pose health risks and require professional remediation.
Resale Challenges: While some buyers appreciate historic homes, others may prefer the convenience and modern features of newer properties. This could potentially affect the resale value and the time it takes to sell the home.
Unforeseen Structural Issues: Older homes may have hidden structural problems that become apparent only after purchasing, potentially leading to unexpected costs for repairs and renovations.
Before purchasing a historic home in Tacoma, it's essential to carefully weigh the pros and cons, conduct a thorough inspection, and understand the potential challenges that come with owning an older property. Doing your research can help you make an informed decision based on your preferences and priorities.
For additional information, here is the Tacoma Public Library’s Home and Building Research Resources: https://northwestroom.tacomalibrary.org/index.php/buildingsguide
