Historic houses for sale in Portland may be a smart investment

If you're considering one of the historic homes for sale in Portland, you could be making a smart investment in a popular style of property - just be careful not to take on more than you're ready for.

Portland contains 14 separate historic districts, some locally designated and others part of the National Historic Register. As you browse the MLS listings in Portland, match them up with the city's list of preservation districts, buildings and complexes to discover if they're already listed as historic.

One of the best aspects of owning a historic home in Portland is being part of a movement. Architectural preservation is a major movement in this city full of craftsman-style homes and bungalows. And, because historic homes are considered to be part of the culture of the area, they'll likely be valuable investments for years to come.

You can also get a great deal on a historic home, but watch out for a money pit. Before you make a purchase, find a local contractor who will do a complimentary walk-through to gauge how much you'll be spending on restoration and renovation. To be extra safe, hire an expert who can estimate the cost of any necessary structural and surface expenses such as lead paint or asbestos removal.