Downtown Charleston Homes

Historic properties located on the peninsula are very sought after in the sense that they have been preserved over time. The history that is attached to these properties draw 4 million visitors each year and many decide to relocate as a result.

The area is charming, quaint and is the highest concentration of preserved historical buildings on the East Coast. While many of these homes have a constant stream of tourists riding by on horse drawn carriages, there are many quieter, more secluded areas of the city that offer some very quaint, garden homes and also several townhouses and condo options available as well.

The College of Charleston is located in the middle of the city and many parents decide that purchasing a home can be an investment opportunity while their child is attending school. By finding a duplex or multi family property, or even a home with several bedrooms can equate to finding roommates that can help pay the mortgage on the property.

The Medical University of South Carolina is also located downtown, and for focused MUSC students, finding a quiet place to study is crucial. Many investors looking to purchase hope to find medical students who do not have much time for socializing, so they can keep a tenant and protect their property condition at the same time.

There are also many Downtown Charleston homes located on the upper side of the peninsula. The Wagener Terrace, Hampton Park Terrace and North Central neighborhoods offer a more affordable option for your professionals who enjoy the historic atmosphere and central location that Downtown residents enjoy.

When buying, it is important to consider several variables that will have an affect on your quality of life:

• Is there off street parking?
• Are there college rentals nearby?
• Is the property affected by the Board of Architectural Review?
• Does the property have any historical easements?

Another factor to consider is the maintenance of these historical properties. It is important to keep these properties maintained and generally painting and other services can be extensive on these all wooden structures. Many residents choose to paint one side of their home each year, to keep it in top shape while spreading the costs over time.

The historical elements, the charm of yesteryear and the economic supply and demand of these valuable properties make these properties a viable and worthy  real estate investment.