Buying a Historic House

Bergen County is filled with historic homes. There are Victorians, Craftsmans, Tudors, and Colonials, some of which date back to before the Revolutionary War. These houses that have stood the test of time are part of what gives our area its charm.

Owning a historic property is a unique opportunity to take part in preserving that history. “It can also be a valuable investment opportunity,” says Michelle Korosy, Sales Associate at ERA Justin Realty, “Historic homes that are well loved tend to retain their value, even during slow periods in the real estate market.”

They can also be a big responsibility. To better understand whether a historic home is right for you, here’s what you should know.

It Can Be Rewarding

Historic properties exude beauty and charm, and often showcase distinctive architectural elements that make them one of a kind. “Doing your part to preserve them for future generations can be a source of pride,” says Jennifer Darby Metzger, Broker/Owner at ERA Justin Realty, “But there can also be financial rewards, too. Your historic property could qualify for tax abatements or credits from the local or federal government which can be used for restoration.”

Learn the Story 

Check to see if your town has a Historic Preservation Society, a Town Historian or check your town’s library, volunteer organizations and local museum. These sources will often have written documentation on the history of your historic home, potentially including who the builder was and who the home was built for, as well as old photos! For example the Meadowlands Museum located in Rutherford has old photos of most of the homes in town and sells them, nicely framed, as a fundraiser for the museum. Some of these organizations also have programs for markers for Historic Homes or local awards for restoration projects.

Maintenance & Upgrades

Many people are surprised to find out that homes built in the 1980’s are degrading faster than homes built in the 1880’s. “We say ‘they don’t make ‘em like they used to’ for a reason!” says Korosy. But no home is without maintenance, and older properties could require significant upgrades in plumbing, electrical systems and appliances.

If you are looking to fall in love with a historic house, keep all of these things in mind. Michelle Korosy and all of the experienced agents at ERA Justin have connections with local vendors who can help you keep your historic home in tip top shape. Give us a call at 201-939-7500.