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 Property Restrictions and Values -2

One morning this week I was involved in a conversation about the limits on death and how best to increase the value of real estate. I had a few people who came to my thoughts on the real estate industry of laTely. Most people are concerned that they can get a mortgage, and if their home value decreases. This conversation was interesting, as this area was changing its limited limits to help increase values ​​at a time when news of housing prices is bad.

It seems that we live in response to events. We have come to some information which, in our opinion, we need to solve, but we are overreacting to the situation. First, domestic prices are falling where there was a bubble. It is primarily in California, Florida and the city of Phoenix. There have been cases of some inflation in some areas in other parts of the country, but this was not the case as indicated above. The cost of your home may fall, but not to a large extent in most areas. Find news that is specific to your city or area when determining which actions to take.

In general, the restrictions of grandfathers are considered unpleasant, but they come back because they can protect property values. Your home is your biggest investment, so you don’t want to depreciate it, and you can guarantee that your neighbors will not reduce the value of your home with restrictions. In this sense, I find them practical. My problem is that most of the restrictions are written by lawyers, realtors, or interested neighbors who respond to perceived threats or trends. Homeowner associations have become watchdogs to enforce any violation. In my old house, I discovered that I had broken the restriction when my grandmother entered the house. She was considered a second family under limited restrictions, so there before she or my family had to leave. When the association began to bring people to trial for violations, I was worried when a member of the association started asking about who lives in my house. Fortunately, nothing like this happened. Currently, I see that many areas are undergoing change in Houston. Old houses are being torn down, and new houses occupying the entire site are authenticated. These boxes are a new trend, but they leave little space between the houses. Since you may have people looking at you through side windows, the restriction allows you to do without windows. One community allows you to build your property line. Roof overhangs can be located in the courtyard of the neighbors. Constraints are written to help build these large buildings in the hope of increasing values, but they do not take into account other factors.

Many of the restrictions on division do not match the building code. Even if your city does not have a code, or if you live in a rural area, you will need to follow the code of your state. Most states and cities have a building code based on the International Housing Code (IRC), established by the International Codes Council (ICC). Building your property line against this code, but to achieve the inner space that people want, some communities will ignore the code. In the short term, property values ​​will increase. Real estate works in longer cycles, so in the end, these houses will be cheaper, because people find that they have to deal with the codes in the end. Perhaps we will become a society like Japan, where many homes have a fifteen-year lifespan. Realtors can be happy with this change, because homes will always be built according to current trends.

When you consider the changes in the limited restrictions of your area, a longer idea of ​​what is beneficial for your area is better than trying to resolve a current fad. If I look at a building that does not take into account the safety of its residents, then I should note this in my report, like any inspector. This fact can make these homes more difficult to sell when the current owners leave. Also look at the practicality of the proposal and how it will be respected, and what the consequences of this enforcement are. When neighbors complained that one person was building a backyard pool with limited restrictions, they annoyed him about how the community council followed him in court before considering him with him. He had already put in the pool, but they waited for its completion to force him to take it off. He studied the convicted restrictions to discover that his color was not affected by his surroundings. He painted his house in several different bright colors in response, and the community discovered that they could not do anything about it.




 Property Restrictions and Values -2


 Property Restrictions and Values -2

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