Depending on the degree of historical significance of your property, you may be eligible to apply for a grant or a loan to help defray the costs of upkeep and maintenance of your home, which can be considerable.
Renovating a historic property often entails limitations on design and workmanship as well as building materials. The approval process is also time-consuming, and specialist architects and contractors who can meet the requirements come at a higher cost.
If you would like to follow up on this, you can apply to your provincial heritage resources authority for your property to be declared a provincial heritage site. Apart from the age of your property there may well be reasons that could classify it as a heritage site.
The relevant authority will take into account the aesthetic, architectural, historical, cultural scientific, social, spiritual, linguistic or technological value of the property to make a decision.
Once a building has been declared a heritage site, the relevant authority may then enforce regulations governing heritage sites under its control. You should be aware that you could incur severe penalties if you carry out alterations without the permission of the authority, or fail to comply with relevant regulations.
If you do go ahead and buy a heritage home, you should always keep in mind that you are buying a slice of South African history. You need to make sure that you treat the property with the respect it deserves to preserve it for generations to come.
Visit the South African Heritage Resources Authority at www.sahra.org.za for more information.
Courtesy of Sarah-Jane Meyer from PrivateProperty