When you think of something old, what comes to mind? Is it a classic car with a rumble seat, your grandma’s antique pink chandelier, an old-fashioned built-in milk box? Well most old things have one thing in common, they have a story. When it comes to houses, the same is true, and is often revealed in the details. From unique fixtures such as door and window hardware to open beamed ceiling and old wood floors, all define its special character. In older communities like Laguna Beach, when we think of early era houses we often envision the quintessential cottage where many homes have retained their vintage and artistic narrative. We go all the way back to 1883 when the first home was built at 154 Pearl Street, although it wasn’t until much later, 1915 and through the 1920’s, that most of the summer cottages were built, many of which we still see today. Think about it, with life and technology seemingly traveling at the speed of light, that was a heck of a long time ago.
So, a prized cottage comes on the market, you fall in love, put in an offer, open escrow, and now have a buyer’s inspection. The house is clean and looks great, so you expect nothing to be wrong. Whoa, take a moment and think about it. If you’re middle age, let alone over 80, and you go to the doctor, do you expect to be perfect? Time can take a toll. Just as with a home inspection, you must anticipate it may fall short, and very likely, not up to standard.
Going back to this charming cottage, you’re likely going to be presented with a substantial report, think 1/2-inch-thick, with nothing but further evaluation, recommended upgrades, or safety concerns. Take a breath. Some things are just fine and will be for many years to come. For instance, many older homes still have single wall construction, and given our climate, it’s fine. Same with the windows. They are gorgeous with the old glass wave panes, but fall short of the improved low-E glass, dual pane, etc. Nothing needs to be done, unless it’s a health and safety concern or impending plumbing and electrical issue. Keep in mind, even minor improvements can quickly exceed 50% of the dwelling size, which throws you into a different category, whereby you need to bring the entire house up to code. This means railings, stairs, and more, to where you might just lose some of that precious “old school” charm. Of course, if the home is classified as historical, well that’s an entirely different conversation.
Living in yesteryear is fun, and especially desirable in a place like Laguna, which is why a vintage cottage often sells at a premium, even if it may not be perfect. There is a reason wise people often say,” they just don’t make them like they used to,” further reinforcing the fate of the cottage is here to stay.
By Kelly Perkins
Kelly Perkins is a realtor with Compass Real Estate who lives in Laguna Beach. She began as an appraiser before becoming a sales agent. Kelly can be reached at kelly.perkins@compass.com.
