Owning a historic home provides old-world charm, but it can also pose challenges.

Historic homes often need more maintenance, and outdated technology, such as heating units, could mean higher bills.

If decorative fixtures need repair or replacement, the materials may be costly or no longer available.

Painting the exterior and other renovations could require approval from officials.

If the home is on the National Register of Historic Places, the insurance premium will likely be high.

Nonetheless, these extra costs and potential hassles might be a small price to pay for owning a piece of history.