Central Los Angeles has come of the most beautiful examples of historic architecture in the country. From classic Victorian-style mansions to Craftsman Bungalows to trendy Mid-Century Modern ranch homes, there’s something for every architecture lover. However, sadly many of these homes have gone into disrepair. Yet, for the right homeowner, a historical restoration project is a dream. If you want to restore a historic home in the Los Angeles area, here are some tips.
Understand The Local Governmental Resources
The local governments of Los Angeles have a variety of programs and resources that can help homeowners restore a historic home. The first is the Mills Act Program which helps historic homeowners get funding to restore their home with property tax incentives. Your building has to qualify to receive this benefit and you will need to apply. Here’s Los Angeles government’s website so you can learn more. The second is a program called HPOZ (Historic Preservation Overlay Zones). HPOZ is designed to help historic homeowners connect with preservation experts, make appropriate renovations, and increase their property values. You can read more about HPOZ here.
Learn About The Restoration Process
Restoring an older home is a commitment. You will need time, tools, knowledge, and resources to make sure that it is done correctly. The process will not happen overnight. Before making the commitment, weigh the costs and the benefits of self-restoration. Thanks to the efforts of local community organizations, there are a lot of already restored historic homes in the Los Angeles community that may be more cost-effective. That isn’t to say you shouldn’t take on this rewarding task. HPOZ is a great learning resource, they can really help you understand how to restore a historic home and decide if it is right for you.
How To Select A Historic Home
When choosing a historic home for restoration, the best thing you can do is work with an expert real estate broker. Real estate brokers can provide you with the insight need to select the right neighborhood, find your ideal architectural style in your price range, and how you can get a great return on investment. At Aspire, our specialty is the historic neighborhoods in Los Angeles. We can help you find the ideal home for your restoration project in a community with a lot of support and resources. Contact us today to learn how!