By Andy Meredith
I’m not going to tell you that restoring old houses will result in you meeting the love of your life, getting married, and raising a huge family while doing what you love…but it definitely worked out that way for me! I’m mostly kidding—I know that most people don’t get into the real estate investing business to fall in love. And, believe it or not, that’s not the only reason that Candis and I are so enthusiastic about restoring old homes.
If you’ve read our blog, you already know that we’re not house flippers, and that we take our time to make sure that our restorations are done right. There’s nothing wrong with fixing and flipping houses fast to make a living, but Candis and I are more invested in the actual restoration process and seeing how much we can do on our own to get these homes back to their former glory. So, if you’re interested in doing what we do, or if you’re just curious about why we do it, here are my top reasons for restoring old houses.
Restore a Little Beauty to the World, One House at a Time
First of all, when we restore our houses, we get a unique opportunity to make a tiny part of the world a little bit more beautiful. We take these houses that used to be really high-quality places to live, and we save them from demolition and turn them into great places to live again.
As a result, we don’t just get the satisfaction of seeing the results of our hard work. We also get to help improve the communities where we work. When we take an eyesore and turn it into a valuable property, all of the homeowners in the area win because property values won’t be dragged down by that building anymore.
Saving a Piece of History
When we restore an old house, we get to save a little piece of American history in our own backyard. Love House has a really interesting (and sometimes sordid) history, and so do a lot of the houses that we restore. If nothing else, when you restore a house, you have the chance to preserve a physical piece of historical architecture.
Learn About Your Community’s History
And, while you’re at it, you get the chance to learn about your community’s history, too. Sometimes, when you’re researching the history on a restoration, you learn a lot of interesting things about when the area was settled, who built there first, and which styles of homes were there at the time. You might even learn some interesting stories about the people who lived in your restoration houses. It’s a lot of fun to learn where your house came from.
Create Incredible Places to Live
They just don’t build houses like they used to. When you restore an old house and update it slightly to make it more comfortable to live in, you can give yourself (or your buyers) better value than you could get from new construction.
These houses were built to last, which shows in how long they’ve stood, even when they were abandoned or abused. When you restore old homes like the ones Candis and I choose, your end results are great because you’re starting with a better quality product to begin with. Really, nothing beats a restored home.