What is Historic Preservation and Why it Matters in Today's Real Estate

Written by Linda A Garner

What is Historic Preservation and Why It Matters Today

Historic Preservation is the practice of identifying, protecting, and maintaining places, buildings, landscapes, and artifacts that have cultural, architectural, or historical significance. It’s not just about saving “old buildings” — it’s about honoring the stories, craftsmanship, and heritage embedded in them; while ensuring they remain relevant and useful for future generations.

Why It Matters Today

1. Cultural Identity & Storytelling

Preservation connects us to the past. Historic structures embody the values, struggles, and achievements of the people who built and lived in them. They serve as tangible reminders of where we’ve come from and help communities maintain a sense of identity and pride.

2. Sustainability

“Preservation is the ultimate recycling.” Restoring and reusing historic buildings reduces construction waste and the need for new materials, making it a greener alternative to demolition and new builds.

3. Economic Value

Historic districts and preserved landmarks often drive tourism and economic revitalization. Studies consistently show that property values in historic districts are stable and tend to outperform non-designated areas.

4. Education & Inspiration

Historic preservation keeps stories alive. These places teach us about architectural innovation, social history, and cultural shifts. They can inspire new generations of architects, artists, and civic leaders.

5. Community Building

Preserved spaces often become anchors for community activity — town squares, restored theaters, or waterfront mills transformed into gathering places. They help foster a sense of belonging and continuity.

6. Quality of Life

Historic buildings often feature craftsmanship, scale, and character that modern construction doesn’t replicate easily. Preserving them enhances the charm, beauty, and uniqueness of a community.

7. Legacy & Generational Value

Perhaps most importantly for homeowners, preservation creates opportunities to build a legacy. Many historic properties become generational homes — cherished residences passed down through families as part of their heritage. Choosing a historic home means investing in something that not only holds its financial value, but also becomes a meaningful part of your family’s story.