Thinking about buying a historic property in Los Angeles? There are some distinct advantages you will want to know about, some of these help defray the cost of owning a home. Here are some of the benefits that come with the ownership of historical homes.
Owners of homes that are listed in or eligible for the National Register of Historic Places can benefit from different tax incentives like the Federal Rehabilitation Tax Credit. This incentive gives you a 20% tax credit to offset the costs of rehabilitation. Through the Los Angeles Conservancy you can also claim a charitable deduction on your federal income taxes. And lastly, the state's Mills Act Program allows historic property owners to take significant property tax reductions.
Studies have continuously shown that having your house designated as historic, or the district you're living in designated historic, your home value will actually increase. A lot of buyers actually look for houses designated as historic for the uniqueness that only a historic house can provide. Many buyers will pay a premium just to live in a piece of history. Having your district designated as historic, like LA's West Adams District, ensures that the qualities that attracted you to the neighborhood in the first place will not change over time.
Some people incorrectly think that by living in a house that is designated historic will prevent them from making any changes in the home. Historic preservation laws are not in place to stop change, but to manage it. Only the most character defining aspects of the home are protected. You can even go so far as to ad on to your home to fit your family's changing needs. Had a baby and need another room? You can actually add on that baby room. It just needs to be compatible to the sites historic architecture.
In many cases historic houses are safer than other homes. It's not the age of the property that affects the safety of the home. How it is built actually is the determining factor when it comes to the ทาวน์โฮมมือสอง กรุงเทพ safety of a building. You've heard the saying, 'they don't build them like they used to,' well in the case of historic buildings it rings true. It wasn't the historic homes that were damaged and destroyed in the 1994 Northridge earthquake, it was the newer structures.
If you are interested in owning a designated historic house there are a lot to choose from in Los Angeles. Just Google historic homes in LA and you will find many more like West Adams district. Good luck and happy house hunting.
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