If you want to add a character home to your real estate holdings, Vancouver’s premier real estate agency, B & L Real Estate Group (604-307-9448), has the inside scoop on the heritage homes restoration market. Go to https://www.bnlrealestate.com/blog/63643/city-of-vancouver-loves-heritage-and-character-homes to find out more.
Kitsilano Vancouver, BC
Available For Pre-1940
Character and heritage homes have immense intangible value, adding to the feeling
and aesthetic of a neighborhood and community. However, as B & L Real Estate
Group’s new market report advises you, they also have a very tangible, and
growing, real estate worth.
Contributed by the agency’s head realtor, Kevin
Lynch, the article details the recent measures that
have been undertaken by the City of Vancouver in
order to encourage the preservation and restoration
of both heritage and character homes in famed
historical sectors of the city like Kitsilano.
According to Heritage British Columbia's joint research with BC Assessment,
over a six-year period, the value of designated heritage homes jumped by 78%,
where the value of non-heritage homes increased by 48%.
Although both stark increases, reflecting
one of the hottest eras in Vancouver real
estate, B & L Real Estate Group believe
that the writing is on the wall when it comes
to the inherent value of heritage homes.
Adding to the character and charm of the city, the City of Vancouver is now
mandating that, if you own a home completed before 1940, you must do a
Character Merit Assessment before you conduct any renovation, construction or
This assessment evaluates the features
of your property such as the iconic
Vancouver pre-1940 cladding style,
original open front entries and other
period details like decorative shingling
and leaded glass bay windows.
Rather than being a limitation, Lynch suggests that attaining a designated
heritage label or a character home status is highly beneficial for the real estate
worth and enduring value of your property.
In particular, the report directs you to the
city council's Character Home Retention
Incentives Program, which is of interest
to any heritage home owner or interested
buyer, such as yourself.
Kevin Lynch is one half of the managing team at B & L Real Estate Group. Alongside
cofounder Steve Birkic, the duo have over 55 y