Turning a Fixer-Upper into a Landmark Property

575 Words2 Pages
bulb-icon

Recommended: Distressed real estate properties

Real estate investors scour the market looking for properties with rock-bottom pricing and potential for sky-high returns on investment. Older, distressed buildings have discounted price tags, but converting an aging building into a modern domicile with all the bells and whistles to attract new residents is expensive.

Wouldn't it be nice if there was a niche property market that offered excellent prices and robust return on investment?

One type of property that deserves a closer look is older buildings with historical significance. The National Register of Historic Places lists more than 85,000 places in the United States designated as “National Treasures”. Not all of these designees are buildings; there are cemeteries, battlefields, trails and churches among the listings.

Interested in exploring historic property as an investment? Wondering if property you own is eligible for consideration? Whether you already own an aging property or you’re considering investing in distressed property, here is some information to find out if developing a landmark property is right for you.
...

Show More
Related

  • The Ghost in Morgan's Alley

    1114 Words  | 3 Pages

    ...buildings they make. Those walls hold stories that are unique and they cannot be repeated. Taking care of those buildings helps humans to preserve the lives and stories of the people who lived in them earlier.

    Read More

  • Urbanization In Sacramento

    1364 Words  | 3 Pages

    Because of the amount of overdeveloped areas that are now vacant, the desire to renovate old vacant properties and land plots has all but disappeared. What if there was a beneficial solution to unused land plots in need of rehab and redesign? What if, instead of paving over every leftover inch of grass and dirt in urban areas to make room for more parking for our daily commuting polluters, we instead reinvent that land for a purpose that is both beneficial to our

    Read More

  • Preservation of Modern Buildings in Cincinnati: An overview of the challenges, history and arguments to preserve modern buildings.

    1435 Words  | 3 Pages

    ...he buildings, that are focus of current preservation efforts, are all equally pertinent.” (Prudon 2008, 21).

    Read More

  • Climate Change Essay

    1647 Words  | 4 Pages

    ...estions of resilience and capacity of the government value of heritage and people who are dedicated in preserving it.

    Read More

  • Historic Places: The Carillo Adobe

    1332 Words  | 3 Pages

    U.S. Department of the Interior. "Section II: How to Apply the National Register Criteria for Evaluation, National Register of Historic Places Bulletin (NRB 15)." National Parks Service. http://www.nps.gov/nr/publications/bulletins/nrb15/nrb15_2.htm (accessed March 19, 2014).

    Read More

  • Regulatory Takings Due to Historic Designations

    1326 Words  | 3 Pages

    Historical buildings are undeniably important to the United States and its people. The law of the National Historic Preservation Act of 1966, or NHPA, was enacted specifically to protect such buildings. Many citizens appreciate the value of these buildings and take strong stances for their preservation. Such citizens include those of California, which will be the state on that this paper will be focusing on. The issue at hand is who takes the side of the private owners of such buildings when their private property is at the mercy of special interest groups and judicial proceedings? Specifically, owners are at risk of holding an economically defunct asset due to the ambiguous rulings on the matter of designating buildings as historically significant. This paper proposes to rid of that ambiguity and recommends that the Constitution of California be amended to ensure that loss of economic use of real property due to historic designation constitutes a taking and requires just compensation.

    Read More

  • St. Louis Communities

    559 Words  | 2 Pages

    A new phenomenon happening in our city is the rebirth of many of our older and rundown areas. One of the best examples of this is the "Soulard" area of town, which now has an established nightlife as well as exquisite historical antique homes. Lafayette Square has also enjoyed the same type of success as Soulard. It is still in the middle of a high crime area, but is populated by upper-class people with beautiful homes with elaborate wrought iron fences and intricate security systems. This trend of fixing up old flats is spreading out from the areas of Soulard and Lafayette Square to neighboring communities at a rapid pace. The Compton Heights area is coming back with rebuilt old Victorian styled houses and private gated streets that contrast the French styled flats of Soulard. The Shaw and Tower Grove area are also following the lead of revitalization similar to these charming old neighborhoods.

    Read More

  • Ap Museum Research Paper

    492 Words  | 1 Pages

    Having a place to take a glance at the beauty of history or observe similar things of your own interest is very nice, a museum does the job just right. Many things must be considered before a person can responsibly and safely secure a new work of art or an artifact for a museum. Cost, variety and safety are the first three factor that comes to mind when are dealing with artifacts that displayed in a museum. Is important to be cautious when we are dealing with art works, not to damage or misplace them so our posterity have a chance to look at what we looked at.

    Read More

  • Essay On Crazy Horse Memorial

    1055 Words  | 3 Pages

    History has a strange way of coming back around when it comes to human civilization. It has been said repeatedly that those who do not know history are doomed to repeat it. However, just because there is a potential for danger in the future, this does not mean that humanity must ignore what once was. History is normally remembered through what is known as a memorial. When a memorial is put into a physical representation, it is then known as a monument.The need to memorialize events or people is complex; in some cases, monuments honor moments of great achievement, while in other cases, monuments pay homage to deep sacrifice. A monument's size, location, and materials are all considerations in planning and creating a memorial to the past. Examples of such feats are the Washington Monument, Lincoln Memorial, and even Mount Rushmore. For the latter of the

    Read More

  • Historic Preservation Districts

    1131 Words  | 3 Pages

    Historic preservation is a planning device that has been around since the twentieth century, the term came about in 1966. This policy was established to protect U.S. physical history, this history being geographic locations, and buildings that are of small or great importance to its city or region. “While historic preservation takes place at the local, state, and national levels, the putative goal in all cases is the preservation of properties with historical and/or aesthetic appeal that would otherwise be neglected or even demolished” (Coulson, 2004). The policy came from a good place, meaningfully wonting to preserve our history by deeming geographic locations and building to be historic, however the policy in some ways lost its luster not sticking to it true roots.

    Read More

  • Historic Preservation Importance

    932 Words  | 2 Pages

    As easy as it is for career historians to espouse the importance of historic preservation, the significance of it could be lost on the rest of society. As stated earlier, books and images alone cannot do justice to the culture and the heritage of the site. By being able to see and touch it, one is able to get a feel for the time. The site itself essentially is a time capsule that jettisons us into the past and allows us to gain some small insight to the lives of those who walked before us. Another reason that historic preservation is important is because sites that we can save provide a positive learning environment that can help people understand and appreciate their past, their cultures, various movements and even some people. Whether the preservation is on a federal or municipal level, the benefits of having a registered historical site in an area can help pump new life into an economy that could otherwise have been dying. Additionally, maintaining buildings and landscapes provide value as art, as Robert Stipe states in his book, A Richer Heritage, “these structures and areas were designed by some of America’s greatest artists. They are as important to our artistic heritage as our decorative arts, our painting and sculpture…If we were to value historic structures as we honor our other works of art, much wanton destruction might be

    Read More

  • Heurich Mansion

    2159 Words  | 5 Pages

    Harris, Donna Ann. New Solutions for House Museums: Ensuring the Long-term Preservation of America's Historic Houses. Lanham, MD: AltaMira, 2007. Print.

    Read More

  • monuments

    444 Words  | 1 Pages

    Another monument I recently visited is the Reynolda House in North Carolina. The mansion was transformed from a place of living to a thriving monument.

    Read More

  • Real Estate Industry In The Rental Market

    1264 Words  | 3 Pages

    “Real estate is land, all of the natural parts of land such as trees and water, and all permanently attached improvements such as fences and buildings. People use real estate for a wide variety of purposes, including retailing, offices, manufacturing, housing, ranching, farming, recreation, worship, and entertainment.” (Answers.com) In order to more specifically focus on a specific area of real estate this discussion will deal with the housing industry of real estate. In this discussion, when housing is analyzed it will be in the realm of rental real estate.

    Read More

  • Real Estate Finance Case Study

    1721 Words  | 4 Pages

    More and more, real estate activity moved from the hands of individual entrepreneurs and onto the books of institutional investors

    Read More

More about Turning a Fixer-Upper into a Landmark Property

Open Document