Preserve Your Home Forever!

The concern of what happens to the property you have lovingly restored after your death doesn’t have to be! Talk to Heritage Ohio, Preservation Ohio, or the National Trust for Historic Preservation. They can help you put together an historic easement for your property attached to your land deed. The above mentioned organizations, with a donation, will check the properties once a year to make sure no one has done anything to damage or destroy the house. If someone were to damage or destroy the house, those organizations would take the home owner to court.
There are also benefits to putting an historic easement on your home. First, if you make a donation to Heritage Ohio, Preservation Ohio, or the National Trust for Historic Preservation, you can use the donation as a tax deduction because they are all nonprofit organizations. Second, the home or building is actually devalued because the property can no longer be developed. Because of the devaluation of the property, you will pay less in property taxes.
Things to remember before putting on an historic easement on your property: You need to be committed to the preservation of your property and in it for the long haul. Property values will come back up but it will take time. Waiting to put the historic easement on your home until after the restoration is done could be more beneficial for saving on taxes. Although putting an easement on the property early in the process allows for the values to climb quicker initially.
I'll continue tomorrow with the 2nd most endangered historic property in Ashland County.