How to renovate an old house: September 2011

Friday, September 9, 2011

ohai!

Tax credit application submitted thanks to Heather Wagner once again saving our ass and taking an incomplete pile of weird and turning into a lovely application.

Story

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.

TOTAL COST TO DATE

Friday, September 9, 2011

ohai!