If you're considering purchasing a property and think there may be some history behind the house, it's possible to do some sleuthing and determine if there was a notable property owner or unique use of the land in the past.
It may seem like a superficial factor compared to property characteristics like square footage or condition in real estate, but studies have found a historic district or designation can increase property value. The price per square foot in New York City found a significant increase in value for designated over non-designated homes. A home with historical significance can also potentially allow you to be eligible for certain incentives, like the historic rehabilitation tax credit (HTC). If you think one of your properties may have historical significance, learn how to find the history of a property yourself.