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Real Estate Tips
Bargain Properties >A Home With a History

A colorful history can add significantly to the value of a home. Researching the provenance of a property you are interested in buying can be both interesting and ultimately profitable. The market value of a home will be greater if it was designed by a notable architect, built by a company with a reputation for the finest construction, or lived in by a celebrity who hosted famous guests.

Ask your real estate agent if there is any historical data of significance associated with the home, or if previous owners were VIPs. Note the names associated with the deed and title to the home, and look them up with the help of the local historical society. Consult the microfiche in newspaper archives for references to colorful details of the home's past. The county assessor's office may have records of the date the home was built, and building permits may reveal the name of the architect. When inspecting the home, search closets and attics carefully for hidden historical "treasures".

Buying an older home at a bargain price, then re-selling when it is renovated and restored can be an enjoyable and lucrative adventure.

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Real Estate Trivia
Q 
What 70-room East Coast mansion was built as a summer home and is known as a "Gilded Age cottage"?

A 
Cornelius Vanderbilt's "Breakers" Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean.
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Marc Chadbourne, REALTOR®, real estate agent and broker for Waterville, Winslow and Oakland, Maine home listings, property and land for sale - NUMBER1EXPERT(tm)

Marc Chadbourne
Century 21 Nason Realty
11 Bay Street
Winslow, ME 04901
Office: 207-873-2119
Fax: 207-873-6843
Cell: 207-465-5569
info@MarcChadbourne.com

THERE IS NO SUBSTITUTE FOR EXPERIENCE!

REALTORGRIMLSEqual Housing


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