Historic homes investment

[Joe Strickley]

I've seen a few articles in the NY times recently about a surge in interest in the preservation of older buildings. That makes sense, since it's important to conserve buildings, especially of national interest for historical reasons. Another plus, is that converting abandoned buildings such as warehouses is the housing industries answer to re-cycling, making it an eco-friendly option. And frankly, some older buildings are aesthetically more pleasing that much of what has been built in more recent decades. I'd be interested in hearing from anyone who has looked at this either as a hobby, or investment.

There are obvious drawbacks such as maintenance issues, costs, and lack of appreciation. But where a community enhances its "quaintness" appeal by preservation values do seem to hold their own.

There are a couple of websites that specialize in this area. The preservation Directory being one http://www.preservationdirectory.com/HistoricalPreservation/Home.aspx Historic Properties I found to be unhelpful, and United Country seem to have a a few listings. Occasionally, I've stumbled on some very nice warehouse to condo conversions in downtown areas.