Houses were first thought of as historic rather than just old or interesting, during the early nineteenth century.
[2] Historic homes are often eligible for special grant awards for preservation.
What makes a historic home significant is often its architecture or its importance to the culture or history of the area.
[3][4] This can result in increased development of nearby properties, creating a ripple effect that spreads to surrounding neighbourhoods.
[5] In some cases, fees are assessed of homeowners during the designation process, so there is not necessarily an economic benefit to doing so.