Historic District Homes as Rentals

[Cassandra Brown]

We just wend under contract for a duplex in a historic district. How difficult is it to own a property that has to meet historic guidelines, and what are the biggest parameters that must be met when making updates to the property? Do these apply to both indoor and outdoor remodels? Paint color? 

Not looking to change much on this property, as the previous owners did a lot of renovations recently. Just wondering how tricky it is to work with historic districts. Also, any things to watch for on homes 100+ years old? This property was built in 1915: beautiful, but definitely aged. Thanks!