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What are the advantages to owning a historically significant property?

Owners of historically significant properties designated as City of Santa Barbara Landmarks or Structures of Merit can utilize the California State Historic Building Code (SHBC). The SHBC is more flexible than the Uniform Building Code (UBC) in many ways and helps owners preserve the historic nature of their building without forcing them to adhere to modern building codes. Historically significant properties help maintain the size, bulk, and scale of neighborhoods when new development is planned. Historically significant buildings alone or as part of a historic district often raise property values not only of their own site but the sites around them