Don’t forget to consider utilizing Historic Tax Credits when remodeling your home or investment property. Federal and State credits could allow you to have a much as 45% of your construction costs reimbursed after project completion.
When applying for Historic Tax Credits a lot of paperwork and record keeping is involved. However, if you do not wish to do this yourself, this work can be outsourced. There are a growing number of Tax Credit Consultants in the St. Louis area that will handle this work for you. Their fees generally begin at around $1,700 depending on the size and length of the projects.
These credits are available in a growing number of South City neighborhoods including parts of Benton Park, Benton Park West, Soulard, Gravois Park, Dutchtown, McKinley Heights, Lafayette Square, Forest Park Southeast among many others. If your property is not in a National Historic District you may also petition to for your property be listed as individually historic.
For more information on tax credits check out the links below or contact the St. Louis Cultural Resources office at (314) 622-3400.
Federal Tax Credit Website
Missouri Tax Credit Website
Rehabber’s Club Tax Credit Website
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Recent Comments
Matt Kastner
The other side of Shaw
Thanks for the update. As the weather warms,
Erin
The other side of Shaw
Thanks - I live on the 4100 block of Shaw and
Matt Kastner
3500 Illinois historic, green rehab
No problem. I will talk to the owner about th
James
3500 Illinois historic, green rehab
Thanks for covering this property. I'm on the
David
Securing AC condensers
Gorilla Security Strap Guard against vandalis
Andrew
Why invest in real estate?
great article Matt, Thanks! a