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