There are so many benefits to restoring a historic property, and they go beyond just historic preservation. You’re not just saving a piece of history, you’re helping the environment and contributing to the value of the larger community around it. There’s also a number of economic incentives that you can only take advantage of if you restore or rehabilitate an existing historic property.

Saving a Piece of History
Every property has a story to tell, whether it’s of the people who used to live there, the business that used to operated out of the building, or how it was once a vital part of a community’s fabric of life. Tearing down a historic building means you lose that sense of place that makes people want to invest and live in your unique community.

Helping the Environment
Tearing down a historic home sends tons of construction waste to the landfill, and building a new house can take more time, energy and resources than a remodel of an existing home. When you restore a historic home, you use original wood beams, mantels, fixtures and flooring, not just to keep the historic characteristics within the home but also to reuse existing materials and keeping them out of the landfill.

Adding Value to Your Community
When you restore or rehabilitate a historic property, you’re showing your commitment to the surrounding community, that you believe in it and are willing to invest in its future. One historic building restored or revitalized and being used once again, whether as a private home, a bed and breakfast, a coffee shop or a store, encourages others to invest in their neighborhood and can revitalize a whole community.

Economic Incentives
When you restore or rehabilitate an existing historic property, you’re retaining the unique characteristics of the property while also updating it for today’s world. Retaining those unique architectural details can mean a higher property value and higher demand for the property, as commercial business owners and homebuyers alike are increasingly looking for a unique sense of place when shopping for that perfect property.

There are a number of tax incentive programs, grants and more than can help you with your historic preservation project. Learn more here!