Over one's lifetime, there will be opportunity for you to own or inherit very old buildings. In my case, I do have buildings that are more than 100 years old. Although you may not like the shape or the government-of-the-day have yet to gazette it, you may be wise if you consider carefully before tearing it down for reconstruction. You might lose the support of your local community.
I used to work for a boss who has a 16-apartment block constructed in 1910s. The whole building is almost collapsing, since he doesn't have much dole to repair it. It was considered a danger working at the building. In fact, he should seriously work on improving his infrastructure before it is too late. Anyway, just a story about a troubled old building. This building has been a historical site for many tourists. My boss should have considered making some money out of these wondering tourist snoopers.
What I am highlighting is:
Old buildings are important communal landmarks for the local folks. They grew up looking at that building day-in-day-out. If you can still preserve the look-and-feel, you will definitely be accepted as one of them. This way, any evil schemes that you might have, would be easily over-looked.
To modernise the use of these old buildings, try to build around it. Never try to demolish them. You would have lost big good-will. This is local branding at its best. Repairing them may burn a big hole in the pocket, but destroying them may cost you your life. Do exercise caution!
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