http://tinyhouseblog.com/tiny-house/historic-properties-shotgun-homes/ Living Simply in Small Spaces Mon, 13 Feb 2012 02:49:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://tinyhouseblog.com/tiny-house/historic-properties-shotgun-homes/comment-page-1/#comment-104827 Andre Tue, 16 Feb 2010 21:18:41 +0000 http://tinyhouseblog.com/?p=3946#comment-104827 These properties all currently owned by the Historic Landmark Foundation of Indiana, a non profit organization, I belive all have clean title/deeds but have covenants attached and require major rehab inside and out. Even though they are affordable in as is condition, rehab cost a lot and buyers are required to provide historically accurate exterior upgrades like real wood windows (interiors I heard can be more contemporary if completely gutted out when purchased) and the financial ability to undertake all the work required. It is a rewarding thing if your goal is for long term housing and you use your own cash to do the rehab (no loans). Imagine no rent or mortgage for the next 30 years (maybe minikmal property tax every year but that's not so bad). These properties all currently owned by the Historic Landmark Foundation of Indiana, a non profit organization, I belive all have clean title/deeds but have covenants attached and require major rehab inside and out. Even though they are affordable in as is condition, rehab cost a lot and buyers are required to provide historically accurate exterior upgrades like real wood windows (interiors I heard can be more contemporary if completely gutted out when purchased) and the financial ability to undertake all the work required. It is a rewarding thing if your goal is for long term housing and you use your own cash to do the rehab (no loans). Imagine no rent or mortgage for the next 30 years (maybe minikmal property tax every year but that’s not so bad).

]]> http://tinyhouseblog.com/tiny-house/historic-properties-shotgun-homes/comment-page-1/#comment-68208 Kent Mon, 06 Apr 2009 21:43:43 +0000 http://tinyhouseblog.com/?p=3946#comment-68208 Good point Eric, thanks for bringing that point up. Make sure you look into these costs before you buy. Good point Eric, thanks for bringing that point up. Make sure you look into these costs before you buy.

]]> http://tinyhouseblog.com/tiny-house/historic-properties-shotgun-homes/comment-page-1/#comment-68207 Eric Mon, 06 Apr 2009 21:41:04 +0000 http://tinyhouseblog.com/?p=3946#comment-68207 People should be aware that a lot of these small, old, extremely cheap properties may have liens and back taxes on them, which significantly increase the actual costs beyond simply the renovation costs that people may have in their heads. People should be aware that a lot of these small, old, extremely cheap properties may have liens and back taxes on them, which significantly increase the actual costs beyond simply the renovation costs that people may have in their heads.

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