Don’t be afraid to buy a home that’s her­itage-listed

Whitsunday Times - - TIPS - By CON­SUMER TIPS PRO­VIDED BY REIQ

BUY­ERS are of­ten cau­tious about buy­ing a her­itage-listed home, afraid of the cost of restora­tion, the tightly con­trolled reg­u­la­tions and the risk of sim­ply buy­ing a money pit.

How­ever, there is no his­toric home more beau­ti­ful and grand than a spec­tac­u­larly re­stored Queens­lan­der, with its wide ve­ran­das and or­nate dec­o­ra­tive fea­tures, high ceil­ings and grand en­trances.

And if the op­por­tu­nity to live in such a spec­tac­u­lar home comes along, should you pass it up with­out in­ves­ti­gat­ing it prop­erly?

There are many ad­van­tages to liv­ing in a his­toric home.

The po­ten­tial for sig­nif­i­cant cap­i­tal growth is high, largely be­cause over time there will be fewer and fewer of th­ese homes on the mar­ket.

In ad­di­tion, th­ese rare homes bring a chance to live in a unique prop­erty, some­thing dis­tinctly dif­fer­ent to the newer homes around it.

The Queens­land Her­itage Coun­cil de­cides what is en­tered in and re­moved from the Her­itage Reg­is­ter.

When a home is listed to the Her­itage Reg­is­ter it means that the state wants to keep the his­tor­i­cal build­ing along with its aes­thetic val­ues.

When you are in­ves­ti­gat­ing whether to buy a his­toric home, you need to in­ves­ti­gate the type of his­toric over­lay or her­itage reg­is­ter that ap­plies to the home.

A coun­cil her­itage over­lay ver­sus a state her­itage list­ing will likely mean that the pri­mary con­cern is the façade, and you will have more free­dom to al­ter the in­te­rior.

A state her­itage list­ing will be more re­stric­tive in­side the build­ing. Her­itage ad­vi­sors are avail­able to help you plan the de­sign and fin­ish that would suit your style of herit- age home.

They can also li­aise with the ap­pro­pri­ate au­thor­i­ties on your be­half, tak­ing a lot of the has­sle and headache out of the process.

In some cases there are fi­nan­cial in­cen­tives, such as grants, that will help you with your restora­tion or ren­o­va­tion. A her­itage-listed home can be more dif­fi­cult to re­store or ren­o­vate than a non­listed home, but the po­ten­tial ben­e­fits are sim­i­larly sig­nif­i­cant.

The next time you are in the mar­ket search­ing for a beau­ti­ful home, do not be afraid to in­vest in a prop­erty that will give you an op­por­tu­nity to live with the his­tory of your area, and of­fer great sto­ries about your home and sur­round­ing sub­urb.

A her­itage-listed home can be more dif­fi­cult to re­store or ren­o­vate than a non-listed home, but the po­ten­tial ben­e­fits are sim­i­larly sig­nif­i­cant.

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