Buying an old home that needs work can be intimidating, especially for those of us who’s only knowledge of fixer uppers comes from Chip and Joanna! But there’s a special set of home buyers that can see all the beauty and potential in older houses. What some view as eyesores, they see as charm—four walls full of history that can’t be duplicated.
Today’s instructor, Elizabeth Finkelstein is one of those people. Born in an 1850s Greek Revival home that was lovingly restored by her parents, Elizabeth’s love for crown molding and decorative ironwork runs in her gene pool.
After high school, she left the quiet of the countryside to entrench herself in New York’s great history and architecture. While there, she earned a Masters in Historic Preservation and spent years working in the field of professional preservation advocacy.
A licensed tour guide, professor and architectural historian, Elizabeth is also Country Living Magazine‘s official real estate columnist. Through @circahouses and @cheapoldhouses, Elizabeth is proud to maintain two of the most popular Instagram feeds devoted specifically to historical homes for sale.
The wildly popular, viral feed @cheapoldhouses has been featured in New York Magazine, The Financial Times, Money Magazine, Buzzfeed and numerous other influential publications- and we are BEYOND excited to learn from her today.
By the end of this class you’ll have some inside tips for the best housing markets, an understanding of the risk and reward associated with buying an old home and what to look for before signing on the dotted line.
WHICH MARKETS ARE ON YOUR RADAR FOR GREAT CHEAP OLD HOUSES?
- The rustbelt (Pennsylvania and Ohio), the south and the midwest.
WHERE ARE SOME PLACES TO LOOK FOR CHEAP OLD HOUSES?
- Local land banks
- Local foreclosures
- Cheap Old Houses using location specific hashtags (#texascheapoldhouses)
WHAT RISKS SHOULD PEOPLE CONSIDER/LOOK FOR BEFORE BUYING A FIXER UPPER?
- Water issues
- Lead paint
WHY DO YOU SUGGEST OLDER HOMES?
- Using your hands and fixing something is better than buying something new.
- The magic of growing up in an imaginative place.
- Keeping history alive.
- The list goes on and on!
WHAT TYPE OF PEOPLE ARE THE IDEAL CUSTOMERS?
- Someone willing to put up with things other people aren’t.
- Buyers that appreciate old house charms.
- The people who don’t say “where do we go”, they say “what should we do”.
- Creative people who love to curate.
- Send Elizabeth an old home! Also, figure out how to do something in your house!
CIRCA HOMES– https://www.instagram.com/circahouses
CHEAP OLD HOUSES- https://www.instagram.com/cheapoldhouses
COUNTRY LIVING- https://www.countryliving.com
Note: Elizabeth mentioned her friend’s account: @restoring502