What are the benefits and drawbacks of living in a historic district?
There may be both tangible and intangible benefits to owning property in a historic district. Some studies have shown that property values rise faster in designated historic districts than in similar, non-designated neighborhoods. This may be because owners have the assurance that their neighbors will be unable to make changes that would be detrimental to property values. In some localities, there are financial incentives for the rehabilitation of properties in historic districts. What is the difference between restoration and rehabilitation? Restoration and rehabilitation are two options available when preserving a property. During a restoration, the goal is to accurately depict the form, features and character of a property as it appeared at a particular period of time. To stay true to an era, features added during other periods in the structure’s history must be removed and missing features from the restoration period are reconstructed using all available evidence. Rehabilitation ma
