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Protecting History

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Services for Real Estate Pros with ONE 10 STUDIO

If you live within one of the fifteen Historic or Conservation Districts in Marion County and plan on Renovating your home or property, there are a number of resources and requirements that you need to be aware of. This information may be of particular interest to homeowners in the Chatham Arch, Massachusetts Avenue and Irvington neighborhoods, as well as, those in Cumberland, Indiana. These areas have all either had new plans or revised plans adopted by the Indianapolis Historic Preservation Commission(IHPC) in the past two years. The IHPC is a State mandated Commission charged with preserving "the character and fabric of historically significant areas and structures for all present and future citizens of Marion County."

What does all this mean to you? It means that if you live in one of these areas and are planning a Renovation, the IHPC has design and zoning review jurisdiction over your property. The plans for your project will have to be presented to and reviewed and approved by the IHPC.

This all sounds complicated, what benefitdoes it bring to me? The process is definitely outside the realm of most homeowner's typical experience, but according to a study by the Historic Landmarks Foundation of Indiana, there are financial benefits to these Districts. Most notably, the perception that having to submit to such requirements may scare potential homeowners away from the Districts and drive property values down is soundly renounced. In fact, according to the study, homeownership in new Districts tends to stabilize and property values typically out pace similar adjacent neighborhoods.

Visit the IHPC website and the Historic District and Conservation Area Plans link at for more particulars and support the Historic District that your neighborhood falls within.

Douglas Garbe
Real Living Real Estate Solutions - Orlando, FL
Real Living Real Estate Solutions

Jeff- There it is!  The key to your whole movement is the fact that restoration not only enhances value, but is able to keep it in times of economic stress.  And it is property values that people are concerned about most.  How does this affect the price of my house, and that of my neighbours?

Could do you an entry and gives us an example of a house that is restored, how much it costs, how long it takes, and what the changes in value (of all kinds) would be?

Or just give us an overview.

But I think an example would be exciting!

Mar 19, 2008 05:05 AM
Jeff Echols
ONE 10 STUDIO - Irvington, IN
CGP

Douglas,

Thanks for the comment and sorry for the slow response. I've been focusing my efforts over the last couple of weeks on gaining my designation as a Certified Green Professional (CGP) from the National Association of Home Builders (NAHB). Now that I've acheived that goal, I will certainly post an example.

 

Apr 09, 2008 01:45 PM
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com

Jeff~

Really interesting information. Hope you will let us know more about this in the
FYI: ADD YOUR GREEN NEWS HERE IN THE COMMENT SECTION column...we are looking for "green" news from across the country...and continents...so far, we've heard from

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Now..I'm hoping to her more about this from you =)

Apr 10, 2008 01:14 AM