There are some houses out there that are just… different. They may feature antique floors, especially fancy furnishings, or an old-fashioned exterior. A special home like that is full of tradition, and features timeless themes.
If your home is like this, a neat opportunity is open to you: historic designation.
Types of Designations
Historic designations can be one of three different types: local, state, or federal. Depending on the building, one could pursue any of those if they wished.
Local historic designations are the easiest to obtain. Many homes are already in a specially- zoned district that enables one to get a historic property onto the local registry.
If your residence is not in such a zone, no need to worry; it is fairly easy to secure a stand-alone designation, or even join your neighbors to create a new historic district. Building a new historic zone means that new preservation ordinances will have to be created as well.
State historic designations can work well for the states that have them, as not all do. The requirements can vary widely, but for the most part they are similar to ones established by the National Register for Historic Places, which is at the federal level.
The National Park Service manages the federal level of historic designations, which includes the National Historic Landmarks Program and the National Register for Historic Places.
It is quite harder to obtain a historic designation at this level, as one needs to show that the property has a strong association with significant events and people from the past.
Pros and Cons of Owning a Historic Property
While historic designations sound nice, do not be too quick to try and obtain one for your home. Be careful to weight out the benefits with the negatives.
In terms of positives, many historically-designated homes come with tax credits, grants, and low interest loans. This can be helpful if you are doing a remodeling project, to help alleviate the cost.
Another benefit of getting a historic designation is a potential bump in value for yourhome. A fairly large number of appraisers and buyers will appreciate the historic designation, and raise their price or valuation accordingly.
Not only that, but historic properties designated at the federal level can often be granted protection from government projects, such ashighways.
As for negatives, one annoying part of a historical designation is the rules and regulations that can come with it.
As long as you own the property, you will most likely have to deal with a painful amount of paperwork and bureaucracy. Another con is the fact that insurance will often
be higher for a historically-designated home; after all, old homes are more at risk in general. Finally, the third negative is that you will have to bring your systems completely up to code, which can often cost homeowners large amounts of time and money.
Ken Golen Interior Design Service
Overall, one must be careful when obtaining a historic designation; yet, it is such a neat thing to have for many homeowners, and is worth the research. Need a pro to help? Contact Ken Golen Designs for high-quality interior design and well-reputed service throughout Weston and South Florida.