How to Sell Your Historic Home in Alexandria: Preserving History while Maximizing Value

June 22, 2023 | Selling Your Home | By: The Goodhart Group

Selling a historic home in Alexandria can be an exciting yet complex endeavor. These homes have a unique charm and character that can attract buyers seeking a piece of history. However, navigating the process of selling a historic property requires careful consideration of renovation choices, understanding historic designations, and leveraging the home’s historical significance to maximize its value.

In this blog post, we will guide you through essential steps to successfully sell your historic home in Alexandria.

Understand Historic Designations:

Before listing your historic home, it’s important to understand any historic designations the home holds. In Alexandria, various historic districts and individual properties such as those in Old Town are protected under local historic preservation ordinances. It can be helpful to familiarize yourself with the specific guidelines, restrictions, and incentives associated with these designations as buyers will definitely want to know the ins and outs. Read more about how to navigate the Old Town BAR when renovating a historic property here.

Balance Preservation with Renovation:

Should any renovations be necessary, opt to preserve the historical integrity of your home while making the necessary updates. Focus on preserving key architectural elements, such as original windows, moldings, or flooring, as they contribute to the property’s value. Consider hiring contractors with experience in working on historic homes who understand the importance of preservation techniques and materials.

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Document the History:

Gather information about the history of your home, including its architectural style, construction date, and notable past owners. Collect historic photographs, maps, or documents related to the property. These historical records can add value and intrigue to potential buyers, highlighting the rich heritage of the home and its connection to Alexandria’s past.

Highlight Historical Features:

When marketing your historic home, emphasize its unique features and historical significance. Work with a knowledgeable Realtor who can help craft a compelling narrative that captures the essence of the property, emphasizing its architectural style, notable former residents, or historical events associated with the area. Showcase original details, such as fireplaces, stained glass windows, or intricate woodwork, through high-quality photographs and virtual tours to attract potential buyers.

Understand Appropriate Pricing:

Determining the right price for your historic home requires careful consideration. Historical significance, condition, location, and market trends all play a role in setting an appropriate price. Seek the guidance of a real estate agent experienced in selling historic properties to help you analyze comparable sales, assess market demand, and arrive at a fair and competitive price.

Seeking unique home selling advice? Check out these blogs for agent-penned tips on a seamless sale.

Leverage Historic Preservation Incentives:

In Alexandria, certain financial incentives and tax credits are available to property owners who preserve and rehabilitate historic homes. Familiarize yourself with these programs (you can read more about them here) and inform potential buyers about the benefits they may gain from owning a historic property. The allure of these incentives can make your home more appealing to buyers interested in historic preservation.

The Bottom Line:

Looking to sell a historic home in Alexandria? Do a little research and hire an experienced realtor who can help you through the process. By understanding the importance of historic designations, highlighting historical features, and leveraging incentives, you can attract the right buyer who appreciates the unique charm and value of your historic property. 

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