What Local Historic District DOES NOT do: · Does not regulate paint colors · Does not require repairs or renovations to be made · Does not increase taxes beyond normal increases for the City or County · Does not prevent additions · Does not prevent non-contributing homes from being demolished · Does not require use of historic materials or historic building methods · Does not require that you open you home to the public · Does not restrict routine maintenance of properties
What Local Historic District DOES do: · Recognizes that Oakhurst has a distinctive historic character important to the overall character of the City of Decatur · Encourages creative and compatible development with historic areas · Requires that a Certificate of Appropriateness be obtained for exterior changes to contributing properties, demolition of buildings, and new construction. · Applies only to major renovations to the exterior of your home. Interior renovations are not restricted.

Friday, July 20, 2007

Assessing the Impact of Local Historic Districts

Assessing the Impact of Local Historic Districts on Property Values in Greensboro, North Carolina (‘96) – prepared for Preservation Greensboro by Jo Ramsey Leimenstoll, University of North Carolina at Greensboro

“The study revealed that property values after designation increased more in the designated historic districts than in the non-designated comparison neighborhoods. While each pairing represented a different scenario, a statistically significant increase in property values over the comparison neighborhood during the post-designation periods was found across the board.”