How to renovate an old house: Simple little house

Thursday, September 16, 2010

Simple little house

The North Carolina State Preservation office surveyed the neighborhood back in 1980. For a whooping $8 (shipping included) we were able to get copies of the exterior photos of the house.

It seems the crawlspace door has not been shut in 30 years.

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Natalie moved into the 'hood in 2002 when she bought a little Craftsman Bungalow. Since then she met Harris, they restored a Victorian/Craftsman transitional and moved up the hill with their darling little girl child.

In 2009 the Holloway St National Register Expansion District passed bringing state and federal tax credits to qualified restorations of contributing properties. North Carolina provides generous tax credits to owner occupiers who restore properties in historic districts and we have received those for our primary residence.

With Elizabeth, we will apply for the income-producing tax credits (federal and state) and create a delightful rental property. We will document the work involved, what we learn about the tax credit process, and how much each step costs, hopefully providing supporting evidence that renovating an old house to historic standards is really not that scary.

How to renovate an old house

TOTAL COST TO DATE

Thursday, September 16, 2010

Simple little house

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