How Boston’s History Affects Its Real Estate

Boston real estate developers as well as developers across the bay state are frustrated when it comes to dealing with historic properties as MHC (Massachusetts Historical Commission) requires development proposals go through lengthy processes to acquire permits. Those that hope to renovate properties must sit back and wait to see whether or not their proposals will be approved, giving them the tax credits they need to move forward.

Resident’s of Massachusetts knows that the state and its natives are proud of the rich history that is apparent throughout the state, bringing tourists in year after year. In the mid-1960’s the commonwealth of Massachusetts’ historic register was launched and a long list of properties were designated as those meant to be preserved. Since then the list has only increased along with the terms that dictate the guidelines under which properties must be designated for preservation. There are over 12 different historic designations that can apply to a Boston real estate property or Massachusetts real estate property at local, state, or even federal levels. Each different group has separate restrictions for historic land development or structure modification. There is often confusion as to which regulations apply in specific situations.