Buying a Historic Home in Winston-Salem

Winston-Salem is a city that wears its history proudly. From cobblestone streets to beautifully preserved architecture, it’s easy to see why homebuyers and history enthusiasts love this NC gem. Known for its deep history and dynamic culture, Winston-Salem has a plethora of historic homes that have character and charm.

If you’ve been dreaming of owning a piece of history, Winston-Salem’s historic districts might have the answer. But buying a historic home isn’t just about looks – it’s an experience that comes with its own set of rewards and challenges.

At The Ginther Group, we will walk you through everything you need to know about historic homes in Winston-Salem, from the neighborhoods that hold them to the things to consider before you buy.

Winston-Salem’s Historic Districts & Neighborhoods

Old Salem

Old Salem is the crown jewel of Winston-Salem’s historic charm. Founded in 1766 by the Moravians, this district is home to meticulously restored 18th-century buildings that showcase European and colonial architecture. The streets and homes are now private residences and museums, so you can step back in time with cobblestone streets and gardens.

West End

Just a mile west of downtown, the West End neighborhood is a mix of history and modernity. Victorian, Colonial Revival and Craftsman homes abound here, so if you like architectural diversity, this is the place for you. Tree-lined streets and proximity to downtown make it a favorite among young professionals and families who want historic and trendy living.

Washington Park

Washington Park is an up-and-coming neighborhood with grand historic homes and charming bungalows. Surrounded by parks and close to many restaurants and entertainment options, this area is laid-back and family-friendly while preserving its historic integrity.

Ardmore

Ardmore is known for its tree-lined streets and Craftsman bungalows and has a lively community with easy access to Winston-Salem’s medical centers. With its historic charm and neighborhood spirit, Ardmore is perfect for first-time homebuyers who want history and modern convenience.

Benefits of Buying a Historic Home

Historic homes have many benefits beyond beauty and nostalgia. Here’s why buyers love them:

1. Unique Craftsmanship and Character

Every historic home tells a story. From intricate woodwork to hand-carved mantels, these homes have craftsmanship that can’t be replicated in modern builds.

2. Long-Term Value

Since they’re rare, historic homes are in high demand. Limited supply and uniqueness can lead to increased property values over time, making them not just livable but also a good investment.

3. Tax Incentives and Grants

Many historic homes in Winston-Salem are eligible for state and federal tax incentives, grants or preservation easements for restoration projects. These benefits can help offset some of the costs of owning a historic property.

4. Community

Historic neighborhoods have a strong sense of community, with residents who love preservation. It’s the kind of neighborly charm that enhances your life.

Things to Consider

Though historic homes are charming, owning one comes with responsibilities. Here are the key things to think about before buying one in Winston-Salem:

1. Renovation and Maintenance Costs

Older homes require significant investment in upkeep. From roof repairs to restoring woodwork, you need to understand the financial commitment.

2. Preservation Restrictions

Many historic districts in Winston-Salem have strict zoning and preservation rules. While these protect the home and neighborhood, they can also limit your renovation options. Be sure to review these guidelines before buying.

3. Modernization Challenges

Updating plumbing, electrical and HVAC in a historic home can be tricky and may require specialized contractors who work on older properties.

4. Inspection and Structural Integrity

A thorough inspection is vital. Historic homes have hidden issues like foundation problems, lead paint or asbestos. Hire an inspector experienced in historic homes to identify potential problems.

Financing and Insurance for Historic Homes

Once you’re ready to buy, financing and insuring a historic home has its own nuances. Here’s what you need to know:

Special Financing

Look for loan programs designed for historic homes, like FHA’s 203(k) rehabilitation loans. These loans can cover the cost of purchase and restoration.

Insurance Considerations

Insuring a historic home is more expensive due to higher replacement costs. Work with an insurer who understands these properties to make sure you’re fully covered.

Partner with the Right Lender

Consider working with lenders who know historic properties. They’ll understand the value and challenges and get you better loan terms.

Why The Ginther Group

Buying a historic home in Winston-Salem can be overwhelming. That’s where we come in.

At The Ginther Group, we specialize in historic properties and Winston-Salem’s neighborhoods. We know the zoning rules, financing options and local contractors who can help with restoration projects. We’ll connect you with preservation experts, trusted inspectors and artisans who are trained to work on historic homes.

Plus, with roots in Winston-Salem and years of local real estate experience, The Ginther Group is your key to finding the perfect historic home that fits your lifestyle and budget.