When you're talking about renovating, there's a fine line between historic Santa Cruz homes and money pits. It's easy to get so attached to a house that you can't get past "what has been" to see "what is." If you're thinking about renovating a historic home, you might want to read these tips first:
• Have a home inspector come out and look at the house you're interested in. The inspector should be versed in older homes.
• Have a contractor come out and give you an estimate on repairs, based on their experience and the issues pointed out by the home inspector.
• Be aware that older homes may have issues with lead paint, asbestos and mold. Have these issues checked out and add them to your cost.
• Set extra money aside for…