Location of first property just turned into historical district

[Jerry Ruday]

hello friends, I have only posted on BP a few times, i do alot more reading than i do posting. My topic is in regards to my first investment property i purchased march 2011 is a two unit, up and down, I have gone in and completely remodeled the upstairs apartment. and the downstairs is currently occupied by a lady who runs a craft shop, this is a commercially zoned property. now that we are on the same page, as of tuesday the city just confirmed the location of my building a historical district. Has anyone owned in a historical district? is it something to look forward to as far as grants? does this new zoning increase my property value? I am just looking for some insight from BP any and all experiences please share! Thanks.

[Sharad M.]

Hi Jerry,

I don't have any experience in dealing with historical district properties, but I would call the city building department and try to find out from them how it impacts your particular property?

From what I have read about historical district properties, they are a little more expensive to maintain since the work needs to be in accordance with strict city guidelines.

This is what I found on Wiki..

http://en.wikipedia.org/wiki/Historic_districts_in_the_United_States#cite_note-nythu-16