Have you ever looked at royal homes and wondered if you could own them some day? You might have dreamt about it, but never thought of owning one in real life.
Here’s some news: you could buy a historic house in Ontario and finally live the dream. It’s as good as a royal home. Whenever a guest walks into your house, they will not only be mesmerised by the beauty of the exteriors and interiors, but you will have a story to tell.
Historic houses always have a back-story, and you could always preserve the beauty but add a new touch to it by hiring a reliable interior designer.
The question is - How do you purchase a historic house in Ontario? Well, you could look for a detached house for sale in Brampton, but the best way is to get in touch with a real estate agent. The Gage Park neighbourhood has some beautiful historic homes.
Here are the do’s and don’ts of buying a historic home in Ontario:
Don’t: Buying a House When You are Financially Unstable
If you are in debt or don’t have savings, buying a historic house should not be on your list of to-do things. Restoring a historic house requires a lot of money. It is a matter of pride indeed, but you would need to do some repairs and also give it a new touch. Even if you get a sparkling clean and beautiful historic house in Ontario, you would still need to give it a few touches.
Do: Consider it a Lucrative Investment
The good news is that people who have the money to invest in a heritage home or a historic house can think of it as a good investment. Firstly, you can take pride in owning a historic house. Secondly, you could always put it up as a vacation rental.
If you find a detached house for sale in Brampton and it costs you a bit of money, you can still earn it back.
Vacation rentals work brilliantly these days because travellers want to experience how it feels like to live in a royal or historic house.
Don’t: Proceeding without a Permit and Notice to the Municipality
Never proceed without a notice or a permit. Historic houses are protected by the municipality, so permission is required before making any major changes or destroying anything.
Do: Ask Relevant Questions to the Real Estate Agent
A buyer’s agent in Brampton is obligated to answer a few questions. I have put up a list of questions that you should ask the agent before purchasing the historic house.
Are there any heritage restrictions I should know of?
Do I need a written municipal consent to make changes to the heritage property? (This is required if you are planning to make significant changes to the historical house. Historic houses are protected by the municipal law).
What renovations are required? (Although you will physically assess the property, the agent should be clear about the drawbacks in the historic house).
If you have made up your mind to reach out to a buyer’s agent in Brampton and look for historic houses options, make sure you are ready for the renovation expenses.
You would need a permit and a notice to the municipality before destroying or fixing the heritage house.
Buying a heritage house is indeed a big leap and it’s also a matter of pride. In case you are ready for it, then feel free to get in touch with a reliable real estate agent as they will show you the best historic houses in Ontario.