BrianDU,
Sorry for the late reply ...
Too bad, we have problem here at Iowa State about registering historical landmark ... currently I would say about 10 buildings are REALLY historical here (including our house), and only one is registered as historical landmark (Iowa State Farmhouse Museum). Sad, but true. Now we have problem with one of the building here (Morrill Hall), some people want to put 9 million dollar to renovate it (it was built in 1850s), and some who don't care want to tear it down and build one spectacular modern building.
For our house ... No, we don't have to go dry ... although we have to take a good care (really good care) for our house. We own our house, so it is property of Theta Delta Chi. As long as our house is not nationally registered, basically we can do anything we want to the structure.
Disanvantage, of course, some people really picky about place they're gonna live for the next four years, so rush is sometime hard. The tendency is to go to other houses that brand new, with all sparkling new furnitures and fully equipped. Our maximum capacity is 52, but since it is hard to fit three people in one room, we're looking at 45. Meaning we cannot become big house (the rule says 50 in-house members). As far as all structure code, we don't have sprinkler system, for instance, and our fire escape is really traditional one. A lot of things are neat, though, for example, we still have the stove for central heating system.
Also, we are looking for renovation in the near future - a really tough one. We had some visual architects stopped by to see our place, and they told us that we will have to restore a lot of things of the structure since our place is historical.
As the result, we have to raise more money than before to renovate our place (restore is more expensive than replace!)
Advantage, of course, we are proud that we're living in the oldest house for fraternal living at Iowa State. Some people stopped by at our place, and take pictures of our place ... we have plenty awesome furnitures (coffee table, dining room chairs and piano) and awesome details on the structure. For instance, in our computer lab, we have an unknown arch that looks really weird and creepy (yaiks! I am looking at it now!)
As far as ghosts issue, I think it would be another good topic to discuss.
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