Fixing up old homes can bring joy and feeling of accomplishment, but for some it can turn into a real disaster. Your result will depend on a few factors. If you love old homes and the unique charm that comes with them then fixing up one should be right for you. It is obvious that if you prefer a new home then its not! If you are in the middle, like you like the architectural charm of old homes (hardwood floors, historic trim, claw foot tubs and so on) but you also like new features like stainless steel appliances, then fixing up an old home might be right in your alley!
There are fields of architecture that deal with the specific needs of renovating old architectural wonders, but don't let that intimidate you. A lot of times fixing up an older home in an up and coming neighborhood can also benefit your wallet, depending on the way you do it, you can become fairly rich from the real estate market. There is a certain niche of home buyers that are looking for charming houses with outstanding architectural features that will pay big bucks for it.
When it comes down to it you need to know for yourself if it is a right things for you, but here are some tips if you are going to go forward and take on that architectural dream house.