Real Estate

How to Sell a Heritage Home

Heritage properties have a unique allure that comes with decades or centuries of history. Newer developments cannot compare with the charm, character, and desirability factors that come in living with a heritage home. The house is one thing, and the neighborhood where it is located contributes to its characteristics. The streets leading to the house are mostly lined with trees with heavy canopies above that sometimes hide the house to some passers-by. 

Having a heritage home is not for everyone. There are features of the house that cannot be appreciated by many families. If you are an agent who is trying to sell a heritage home, here some ways to market it correctly: 

Disclosing Heritage Status 

The first thing that you need to do is to disclose its status. Buyers need to understand why the property is considered a “heritage house” and what are the restrictions set by the government about renovation or demolition of the property.  For example, if the house is listed as a heritage property under the Ontario Heritage Act, the owner cannot demolish the building without notifying the register at least 60 days in advance. 

It is important that you inform the buyer that the house is a heritage property. By doing this, the buyer will be warned about doing things that can put him into trouble under the law. 

Disclosing maintenance issue 

Since the house has been constructed many years ago, it’s no longer surprising if it has many structural and maintenance issues. However, there are heritage houses that are well-maintained by their owners. In this case, the house will have the fixtures that are in line with modern-day standards. The roofs, ceilings, and foundations are still in excellent conditions despite their age. If the condition of the property is deteriorating, the buyer should know about this even without conducting a house inspection yet. 

   

One way to get the best offer for your heritage home is to position the property as a well-maintained and upgraded property. Give as much information as needed to would-be buyers about what upgrades you’ve made. Explain how the house conforms to the safety standards that can be found in modern homes. Talk about the structural improvements that you’ve recently done including fixing new walls, windows, and doors. If the home needs a further upgrade, provide the contact number of contractors you’ve hired in the past, especially if they have the reputation of renovating heritage homes.