Encanto-Palmcroft Luxury Historic Houses

By: Gen Wright

The central Phoenix real estate marketplace has many historic communities to draw your attention. The Encanto-Palmcroft area is one of the oldest, dating back to the 1920's and remaining one of the most respected after all these years. Home to two story estates, the area boasts many different architectural looks and celebrates every facet of the past from Tudor homes to Spanish Colonial. It's not unusual to see some Mediterranean and traditional housing thrown in for good measure either. Home prices continue to struggle for footing after the fall from 2008 and moving forward. Now's a good time to take advantage, but as you do, try to remember the following:

Check the tax rate

Buying a historic home can qualify you for lower tax rates. Get to the bottom of this as you look for a real estate agent. Ask questions and understand what benefits are awaiting for you. Special legislation such as "The Mills Act" keeps your best interests at heart. Tax savings can literally save you thousands of dollars or more, so don't take this aspect of historic home buying for granted.

Check and compare

Two story homes that are away from roadways often retain their values better than single story homes or those located close to busy sections of street. Real estate agents, who know the market and know the area, can help guide you on whether or not you are getting a good deal, and it is highly important that you understand the nuance of it all before entering into a mortgage.

Check the city for permits

City permits are highly important, and just because there have been renovations to a home, you cannot assume that they were done with a permit. Homes in Phoenix are often renovated without these highly important legalities covered. It's important to make sure that no permits are outstanding, and if you plan on doing renovations yourself on a home, then it is important to have the bases covered and the proper permits pulled for your use and development. The city will have its own rules and regulations that you will have to adhere to with a historic home, so check before you begin.

Local Phoenix realtors can help you steer through this maze of legalities. They can turn you on to homes that need the least amount of work, or they can help you find a home for restoration that will allow you to use your resources and your creativity in creating the ideal showplace for your skills, your passions, and your life. If you are ready to take the plunge on a historic home in the Encanto-Palmcroft area, then seek the help of a reliable agent today, and take the next step in bringing the wonderful past into the present.

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