Historic properties are not just old properties. While they
are generally thought of as havening reached the ripe old age of 100 years,
that is not the only criteria to be considered in appraising a Historic
Property. In fact, not all century old properties are to be considered historic
in their evaluation. In most cases an appraiser will not consider an old
property Historic unless it is listed on a Historic Register. Registered
Properties are typically subject to regulation and offer owners tax advantages
not found on non-registered old properties. Compliance with historic
regulations typically involves additional expenses. Tax benefits can serve to
help offset these expenses. These factors can greatly affect value. Given the
above only appraisers familiar with Historic Properties should appraise
them.
ELLIOTT® & Company Appraisers understands Historic
Properties and offers Historic Property appraisals anywhere in
the United States.