Historic Restoration Questions - Pros/Cons

[Angelo Aguirre]

Hello,

I am curious if anyone has done a rehab on a historic house. Being a registered historic structure, were you limited in any way? I do believe there are stricter rehab guidelines in regards to maintaining its original look. However, did the age of the house hinder the re-sale process at all? Where there major surprises while rehabbing such an old home?

I also see there is a tax incentive, the Investment Tax Credit, that allows for a percentage of rehab costs to be written off as a tax credit if the rehab was done to a registered historic structure. 

With so many angles, is a historic rehab worth it? 

Thank you for your input!

Angelo 

[Jamane Y.]

Michael siekerka does historic renovations in Louisville, KY I just heard him talk about that on another podcast.