Does anyone have any experience with properties that are heritage listed?
I have found a property I am interested in and everything fits my criteria except it’s possible it may be heritage listed in the near future.
I have no problem with not changing the front “to keep the original look”, and I imagine that resale could be a bit harder because of this as it is off putting(however, we’re looking at long term buy and hold). Just wondering if anyone else has had any experience in this area, if so, what other implications could this have on the property? Does it cause problems with getting finance or……
Thanks
PKFortune Favours the Bold.
PK
Firstly check with the local council, also be aware that Heritage listing has many variations, you may be able to keep the “face” of the building as is, and renovate all behind, completely.. However you may be able to renovate and only have to retain a percentage of the original ( Possible depreciation benefits herein )
In Northbridge ( PERTH ) a lot of the properties above the Graeme Farmer tunnel, were heritage listed, renovated and sold off ( interesting to note in some cases the land component was devalued due to the property on it).
maybe call the East Perth Redevelopment Authority for some Info..
If i remember correctly ur in Perth ?
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Thanks Redwing.
Yes you are correct.
Fortune Favours the Bold.
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