Buying a historic home is more than just a real estate transaction; it’s an investment in the past and a commitment to preserving the architectural heritage of a community. Missouri is rich in history, and its historic homes offer unique charm and character that modern homes often lack. Here’s a closer look at the benefits of buying a historic home in Missouri.
1. Unique Architectural Styles
Variety of Styles:
- Victorian: Many historic homes in Missouri feature intricate Victorian designs, with ornate detailing, turrets, and wrap-around porches.
- Colonial Revival: This style is characterized by symmetrical facades, brick exteriors, and classical columns, offering a timeless aesthetic.
- Craftsman: Known for their handcrafted woodwork, built-in furniture, and large front porches, Craftsman homes offer a cozy and inviting atmosphere.
Craftsmanship and Quality:
- Superior Materials: Historic homes were often built with higher-quality materials and superior craftsmanship, resulting in a level of durability and character that is hard to find in newer constructions.
- Attention to Detail: From handcrafted woodwork to intricate moldings, historic homes are known for their attention to detail and unique architectural elements.
2. Historic Districts and Communities
Preserved Neighborhoods:
- Designated Districts: Many historic homes in Missouri are located in designated historic districts, which help preserve the character and charm of the area. Examples include the Lafayette Square Historic District in St. Louis and the Westheight Manor Historic District in Kansas City.
- Community Involvement: Living in a historic district often means being part of a community that values preservation and works together to maintain the area’s unique character.
Cultural Significance:
- Living History: Owning a historic home means being a steward of history, preserving the stories and architectural heritage of the past.
- Civic Pride: Historic homes often contribute to a sense of civic pride and identity within the community, fostering a strong connection to local history.
3. Financial Incentives and Benefits
Tax Incentives:
- Federal Tax Credits: The Federal Historic Preservation Tax Incentives program offers a 20% tax credit for the rehabilitation of historic buildings, making it financially advantageous to restore and maintain historic homes.
- State Tax Credits: Missouri offers additional state tax credits for the rehabilitation of historic properties, further reducing the financial burden of restoration.
Property Value:
- Stable Investment: Historic homes often retain their value better than newer homes due to their unique character and desirable locations in well-preserved neighborhoods.
- Appreciation Potential: Well-maintained historic homes in desirable areas can appreciate significantly over time, providing a strong return on investment.
4. Restoration and Preservation Opportunities
Personalization:
- Custom Restoration: Restoring a historic home allows you to personalize and enhance its original features while preserving its historical integrity.
- Modern Amenities: Thoughtful renovations can blend modern amenities with historic charm, creating a comfortable and stylish living space.
Community Grants and Assistance:
- Preservation Grants: Various local and national organizations offer grants and financial assistance for the preservation and restoration of historic homes.
- Expert Resources: Homeowners can access resources and expertise from preservation societies and historical commissions to ensure their restoration projects are successful.