[Video provided by Habitat Hunters, Inc. – Hyde Park is one of the many historical districts-Austin, TX offers!
Visit www.habitathunters.com for more videos and information about various Austin neighborhoods]
What Accounts for a Historic Home?
In order to be deemed a historic or “architecturally significant” by the National Register of Historic Places, and/or by the local historic board, there are requirements which include having:
- A trademark architectural style of a given period in time.
- An association with a historical people from the past.
- A location in a historic district.
- Neighbors that are designated by the National Register of Historical places.
What are the Benefits of Buying a Historic Home?
There are many benefits of buying a historic home. The beautiful aesthetic of historic homes is almost enough for many, as is the knowledge that one is a part of the preservation and keeper of the past.
You, the buyer, may be eligible to receive historical grants and tax incentives in the form of tax credits or lower interest loans for the preservation and restoration of a historic structure. These must be applied for and offered through your local and state government.
Advice for Buying a Historic Home.
You have your sights set on a historic home; before you sign on that dotted line, here are some tips on buying an older home:
- Have a formal inspection by a qualified home inspector- preferably by an inspector that specializes in older properties.
- From qualified contractors, get price estimates regarding all necessary restoration work.
- Know the Standards for Rehabilitation of Historic Buildings that are imposed by local, state laws on the owners of historic buildings.
“My advice for those who are looking to by a historic home would be a historical home is a like a child or a pet. It should be loved, nurtured, and cherished. A historical home has chosen you, not the other way around. Remember you have been given a remarkable opportunity to pass this treasure down throughout the ages, long past your ownership.”
–Current Historic Homeowner, Carla C. Peoples
What are the Restrictions in Historic Home Buying?
The restrictions, rules, and regulations for historic property owners are as follows:
- Additions: Rarely are homeowners permitted to add square footage to historic homes, including extra stories. It is, however, possible. According to the National Register of Historic Places Program, a property owner is able to do whatever he or she wants with their property as long as his or her property has no Federal monies attached.
- Windows, shutters, and roofs: Since house exteriors such as windows, shutters and roofs embody the original architecture or design style, they are to be preserved and can only be replaced in kind. If costly construction materials are involved, this may be an added expense you didn’t anticipate.
- Utility bills: Before you “seal the deal”, study the previous year’s energy bills. It may cost you significantly more to heat and cool an older home than a new one.
What is the History of Austin, Texas?
The bustling city that we know as Austin today has not always been this way. In the 1830s, the first permanent Anglo settlers arrived and named their village Waterloo. By 1839, tiny Waterloo was chosen as the capital of the new Republic of Texas, and named after “the father of Texas”, Stephen F. Austin. In the 1880s, Austin officially began growing into what we know it today. 1888, the beautiful capital building stood as the 7th largest building in the world.
The rapid growth of Austin from the 1950s-70s contributed to an increase in technology and political activity. Strong neighborhood, environmental, and historic preservation communities were constituted— which are responsible for the preservation of the historic districts in Austin, the areas in Austin you are wishing to purchase a home in!
Austin, Texas continues to be seen the number one city on a national level in regards to quality of life, job market, value of living, and the desirability of the people to live there. Much of which is contributed to the diverse culture groups of Austin has seen throughout history, including immigrants from Europe, Africa, Mexico, and Asia. Each enriched and continues to enrich Austin’s civic and culture life. As the city expands on a scale that would shock the early residents of Waterloo, the preservation of Austin’s history is a must—we leave that up to you!
If you’ve done your homework, and the pros outweigh the cons, enjoy becoming the proud owner of a historic home in the beautiful city of Austin, Texas!
If you are thinking about buying a historic home in Austin, Texas, Habitat Hunters, Inc. will be happy to guide you through the process, and teach you about additional benefits that are available after the purchase a historic property.
When buying, selling or leasing, residential or commercial property we’re the ones to contact. Habitat Hunters is one of Austin’s oldest, locally-owned, independent real estate companies. Experience, Knowledge, Passion, Since 1972.
Habitat Hunters, 1804 West Koenig Lane, Austin, TX 78756, 512-482-8651, Habitat@HabitatHunters.com.