Advise on buying on old house
We are looking to move and in the search I found a listing for an old house that really intrigues me. (The link to the listing is below.)
It was built in 1878 and it is a Texas Historical Landmark. (Will that make any renovations we may want to do harder?) The price is $50K-$70K high for the area but maybe that's because it's historical?
The historical marker reads: Built by William Dickerson Milliken, born in Paducah, Ky., Nov. 1, 1848; married Margaret Crockett Young. Children: W. D., Jr.; Samuel Ramsey, M.D.; Thomas Gillespie; Martin Horace; Maggie Bell (Mrs. Edens); Charles Young; Elizabeth Angelina; John Barnes. After going into mercantile business in Lewisville in 1877, Milliken built this house, 1878. Framing is native oak. Siding was freighted from Port City of Jefferson, in East Texas. Recorded Texas Historic Landmark, 1969
Any thoughts? Suggestions? We have NO idea what to look for when buying a house this old. From all the This Old House episodes I've seen I know we should have the foundation evaluated by an expert. What else should we be watching for? Is the historical designation worth more on the selling price?
I was born & raised in this town and even went to Milliken Middle School so owning a piece of history here would be neat. However, I don't want these feelings to lead us to buy a money pit. Any advise you can give is MUCH appreciated! thanks, -lu
Here is a link that might be useful: House Listing