There are homes in the Bronx neighborhood that are rich in history, dating back to the 19th and early 20th centuries. These homes showcase the borough’s architectural heritage, with styles such as Colonial Revival, Art Deco and Victorian. The allure of these homes can make them highly sought after by buyers who appreciate vintage charm and craftsmanship.
Despite their appeal, historical homes represent a relatively small segment of the Bronx’s real estate market. These homes usually command higher prices compared than non-historic properties, mainly due to their distinct architectural features and the prestige associated with owning a piece of history.
What are the restrictions of selling a historical home?
When it comes to selling a historic home in the Bronx, homeowners can benefit from understanding the different ranges of potential restrictions that can influence the transaction. Many historic homes are within designated historic districts or are individually listed on historic registers, such as the New York City Landmarks Preservation Commission (LPC) or the National Register of Historic Places.
Homeowners in these areas may face specific regulations on selling and altering their properties. For example:
- Any modifications to the exterior of a designated historical home require approval from the LPC. It can include anything from major renovations to minor repairs. This step helps ensure any changes maintain the property’s historic character. Also, there might be restrictions on the type of materials used, the colors permitted, and even landscaping choices.
- If the home is part to a larger development plan, selling the historic home may trigger an environmental review process. This review will be to assess the potential impact on the historic site and surrounding areas.
These regulations can affect the pool of potential buyers, as only some are willing or able to comply with the requirements of maintaining a historic property.
Because of the complications and legal issues that may arise due to the associated restrictions, homeowners can benefit from seeking legal guidance before starting the process of selling a historic home. This support can help homeowners sell their historical homes successfully while preserving their architectural heritage for future generations.