CLASSIC ACTS: RENOVATING YOUR HISTORIC HOME

Posted by DB Wilson on Wednesday, June 20th, 2012 at 5:08pm.

If you have an historic house and care about maintaining authenticity, then you may be facing a unique challenge when attempting to renovate. Renovation of an older house can be very rewarding, yet comes with its own unique challenges.  It's natural for an owner to want modern conveniences.

To maintain the character of your property, you may have to do a little extra work—or at least provide extra forethought—so that both goals can be accomplished.  And if you aren't sure whether or not you want to keep the authenticity of your home intact, remember: Many states offer tax incentives, reductions and abatement programs for owners of residential historic homes. Historic structures offer a 20 percent investment tax credit for qualified rehabilitation expenses, if they are income producing properties.

An historic structure is one listed in the National Register of Historic Places or so designated by an appropriate state or local historic district that is certified by the government. Be sure to check your local laws which may limit what you can or can't do to an historic home. The tax code does not allow deductions for the demolition or significant alteration of a historic structure.

Patterns Matter
Understand the architectural history of your building before starting a construction project. Look for reoccurring building patterns and construct accordingly. For instance, if you're planning an addition, use the same patterns in the new portion of the house.

Repair over Replace
Another thing to keep in mind is repairing—rather than replacing--historic materials.  Masonry, wood and architectural metals can often be easily repaired if you find the right specialist.  Remember that historic preservation is often based on the retention of historic materials.

Maintain, Maintain, Maintain
One of the best ways to keep your old home in prime condition is to maintain it regularly. Clean your gutters, refresh paint, keep up with your roof and siding and make sure to check for and manage all leaks.  Before starting a project, be sure to find a specialist who deals with older homes and talk about what you have in mind. Stress the importance of keeping your home authentic.

For more information, please contact RE/MAX of Boulder, Inc. 303-449-7000, or 800-825-7000.

RE/MAX of Boulder, Inc. located on the corner of Canyon and Folsom, is nationally and locally recognized as one of the most successful real estate offices in the industry. Nationally, they are one of the "Top 500 Power Brokers in the United States" as listed in National Real Estate & Relocation magazine. Real Trends ranked them #1 in the Nation for Closed Sales Volume for 2010. Regionally, for the 5th year in a row, the company has been named the #1 RE/MAX office in America for Single Office Closed Volume. They can be reached at 303.449.7000 or visit http://www.BoulderCO.com. Connect with them on Facebook and Twitter, search remaxofboulder. Subscribe to their YouTube channel and see videos of all their homes for sale at http://youtube.com/remaxofboulder

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