Originally Posted by
Midtowner
If you get into any of those homes for $200K, be prepared to set aside about $50K for new sewage and electrical systems. We went shopping for older homes a couple of years ago. Lots of cloth wiring, no W&D hookups, sometimes, no place in the kitchen for a fridge, original pipes, clay sewage, foundation problems out the yin-yang. Not to mention the accouterments of living in a historical district, notably the fact that you have to preserve the exterior of the home and that any changes have to go through a ridiculous bureaucratic process.
If you're shopping there, get a realtor who knows his stuff, and for chrissakes, have an inspection done.
That said, I'd have no problem living in one of these houses if I could get it fixed up and properly modernized on the inside. I think the historical neighborhoods are great, have an abundance of green space and socially active neighborhood committees. All good stuff.
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