What to expect when buying a home in historic Charleston

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Jen Lyons
August 9, 2024
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The greater Charleston area has a wide range of home styles: sprawling ranch-style properties, beach houses and modern condominiums. But Charleston’s long history — it was founded in 1670 — also means it has a wealth of beautifully preserved historic homes that are big on culture and charm. There are plenty of reasons why home buyers seek out homes in Charleston’s Historic District. It’s both an amazing opportunity to own a piece of history and a responsibility to preserve it for future generations. Charleston’s Historic District is bordered by the Battery and White Point Garden to the south, Broad Street to the north, Meeting Street to the west and East Bay Street to the east. The area includes many of Charleston’s most famous landmarks, including Rainbow Row and the Charleston City Market.Buying and owning an historic home is a little different than owning a newer property. Here’s what you need to know about living in one of the Charleston Historic District’s homes. 

The importance of assembling an expert team

If you’re searching for a home in the Charleston Historic District, you may want to hire a real estate agent with expertise in this unique area. Not only can they help you find the right property, but they can connect you with other experts you’ll want on your side. For example, you’ll want to hire a home inspector who understands historic homes and knows what to look for in terms of structural integrity, major systems, pests and more. If you plan on renovating your home after purchase, you’ll want to work with contractors and architects who have experience working within the regulations set by local preservation officials (more on that below). 

Preservation guidelines in Charleston

Homes located within Charleston’s Historic District are subject to oversight by the Board of Architectural Review (BAR), which is tasked with maintaining the area’s historical and architectural integrity. The board has enforcement rights over many aspects of properties within the district, including approval for exterior changes, alignment to architectural standards, the use of original or historically accurate materials, signage and lighting, landscaping and streetscapes, and even paint colors. 

Renovating a historic Charleston home 

Many of the homes in the Historic District have already been lovingly and meticulously restored, but renovations are often needed to keep these old homes in good working order. If you’re considering buying a home that needs renovation, keep in mind that you won’t be allowed to simply rip out the old and replace with the new. You must consider these factors in order to both preserve your home’s history and remain compliant with the BAR:
  • Historical integrity: You must strive to preserve the original architectural features of the home, both on the exterior and interior. 
  • Historically accurate materials: You must use materials that match or closely resemble the original materials in your home. 
  • Incorporation of modern amenities: As you install modern creature comforts, like HVAC systems and updated electrical systems, you’ll need to do so in a way that minimally impacts the historic fabric of the home. 
Be sure to engage with local and national preservation organizations and community groups for guidance and support. 

Cost of historic homes in Charleston

Because of their rich history and proximity to Charleston’s downtown core, historic homes in Charleston don’t come cheap. The Historic District has some of the most expensive homes in the Charleston area. Additionally, if you plan to renovate, you can expect an above-average renovation budget, as you’ll not only need to match the quality and finishing of materials, but you’ll also want to hire vendors with restoration experience. 

Benefits of owning a Charleston Historic District home

There are many upsides to owning a home in this historically significant part of the city. As the owner of a historically designated home, you can play an important role in preserving the district for future generations of residents and visitors. You also have the opportunity to immerse yourself in the history of the city, learning about those who lived in your neighborhood — and in your home! — before you. Another benefit of living in the Charleston Historic District is experiencing the rich cultural heritage and unparalleled sense of community, thanks to your proximity to historic sites, museums and events.  

Drawbacks of owning a Charleston historic home

Historic homes, no matter the location, have a few drawbacks. First, you can expect higher maintenance and repair costs, as discussed above. Second, you can't simply make the changes you’d like to, whether swapping an exterior light fixture or painting your house a new color. The BAR must approve most changes, small or large. 

Own a historic home in Charleston with Pacaso

Imagine being able to spend your vacation days exploring historic Charleston and your nights relaxing in your own luxurious historic home. When you buy a second home with Pacaso, you split the purchase price, maintenance and upkeep of your historic home with up to seven other co-owners. Best of all, your on-the-ground Pacaso manager takes care of arranging all the repairs and upgrades as they’re needed. 
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