No down payment, no mortgage, no rent, some repairs needed. Could this be for you?
Curators are being sought out for historic residences in some states that cannot afford their upkeep. You're going to have to be handy though. Most of the houses are dilapidated and you're going to have to do the majority of the repairs yourself as well as foot most of the expenses. The biggest down side? You'll never own it.
The up side? You'll be living in a remarkable historic house that you personally restored, that you likely would never have otherwise been able to afford, and there's a good chance, it would be in a dream location too. Who cares if it's not really yours?
What's Driving This Trend
- DIY Restoration
- Opportunity for individuals to restore historic residences themselves, saving on costs and creating unique living spaces.
- Affordable Historic Living
- Access to remarkable historic houses in dream locations for individuals who cannot afford traditional homeownership.
- Curator Programs
- Growing trend of seeking curators to maintain and preserve historic residences that are struggling financially.
Who This Affects Most
- Construction and Renovation
- Increased demand for construction and renovation services as individuals take on restoring historic residences themselves.
- Real Estate
- Unique opportunity in the real estate industry to provide access to affordable historic living arrangements through curator programs.
- Historical Preservation
- Need for expertise in historical preservation grows as more curators are sought to maintain and restore dilapidated historic residences.
