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.