Are you thinking of purchasing an old house that’s in an historic district, or eligible for National Register status? Did you know that your investment could qualify for substantial tax credits at both federal and state levels?
Although it’s a somewhat time-consuming and detailed process, applying for historic tax credits is definitely worthwhile for those willing to use a historic building as an income-producing property for a minimum of five years. After that, you the owner can move right in. According to the National Park Service website (the NPS runs the program): “. . . if a portion of a personal residence is used for business, such as an office or a rental apartment, in some instances the amount of rehabilitation costs spent on that portion of the residence may be eligible for the credit.”
This story is from the November - December 2019 edition of Old House Journal.
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This story is from the November - December 2019 edition of Old House Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Navigating the Lumberyard - Here's some lumber lingo you should know before you venture into a lumberyard.
Here's some lumber lingo you should know before you venture into a lumberyard. Almost everyone fixing an old house will end up at a lumberyard-whether it's a local supplier or the organized aisles of a big-box home-improvement store.
a farmhouse renewed
Sensitive renovations and restoration work preserved a house that dates to 1799.
AN OVERVIEW OF METAL ROOFING
METAL ROOFS ARE RESURGENT, FOR GOOD REASONS.
ENDURING BEAUTY IN WALLS of STONE
Now back in the family who had been here since 1830, the old farmhouse is again ready for generations to come. Additions dating to 1840 and the 1950s were preserved.
ARCHITECTURAL DETAILS COME TO LIFE
Owners and their designer celebrate the unique features of a 1912 Arts & Crafts Tudor.
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Fix a hole in the wall with a few common tools and some drywall supplies. Practice your technique!
Roofing & Siding
Make note of these historical and unusual materials for the building envelope.
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Light-filled Craftsman Redo
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