PROPERTY HERITAGE HOMES History has a price
Australia has about 100,000 heritage-listed properties, and they can be easy to fall in love with. But when it comes to buying a heritage home, be sure to act with your head, not your heart. While the idea of owning a slice of local history can be very appealing, there is a catch.
As Angus Raine, executive chairman of the Raine & Horne property group, points out, “the rub with heritage homes is that while the whole community loves them, it is the individual owner who wears the cost of restoring or maintaining them”.
The bottom line is that these homes can cost more to restore, renovate and maintain and you need to go into the purchase with your eyes wide open.
