Do you own an old brick home in Washington D.C., or are you considering purchasing such a house in the future? If so, you might wonder how an official historic designation could be beneficial. Having your property designated as a historic site may seem like a lot of work, so naturally you’d wonder if it’s worth making the effort. Is historic designation worthwhile for an old brick home in DC?
There are a number of benefits for a homeowner who applies for and gets historic designation. Here, we explore some of the advantages of receiving a historic designation for your home.
Increased Property Value
A historic designation can increase the value of your Washington D.C. property. By preserving your home's unique features and historical significance, you are making it more attractive to potential buyers. A historic designation can also protect your property from being demolished in the future - it can prevent the older features from being significantly altered, which can maintain the home's character and charm.
Financial Resources for Preservation
An official historic designation can provide you with financial benefits. Many local and national organizations offer grants and tax incentives to homeowners with historic designations. These funds can be used to help maintain and repair your property, making it more sustainable and enjoyable for you and your family.
You may also qualify for a tax credit through the Technical Preservation Services division of the National Park Service. Also, some state historic preservation offices may have helpful programs.
Enhanced Ambiance in Your Community
Historic designation for your old brick home can add to your community's ambiance, value, and attractiveness. Being a part of the history of your town or city can be a source of pride and accomplishment. It can also give your home a unique identity that sets it apart from other homes in your historic DC neighborhood.
Old historic homes attract tourists and visitors to your community. If your home is designated as a historic site, it can be included on local tours and maps, increasing foot traffic and bringing in new customers to local businesses. This can also help boost the local economy and create jobs in your community.
Save Your Home for Future Generations
With an official historic designation, you can preserve your home for future generations to enjoy. By protecting and maintaining your home's historical significance, you are contributing to the richness and diversity of your community's cultural heritage.
Having your home designated as an official historic site can benefit you as a homeowner. From increased property value and financial benefits to community pride and cultural preservation, there are many reasons why a historic designation is a wise investment for any homeowner. Renaissance Development offers a free guide to historic preservation.
Renaissance Development, the experts on brick restoration and historic preservation in Washington DC, specialize in the restoration of a historic brick home's mortar joints using traditional methods (tuckpointing) and materials. Contact us for a free site visit and to learn more about restoring or repairing your old brick home to maintain its natural beauty and value.
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