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Gene Kearns wrote:
On Thu, 23 Aug 2007 07:27:57 -0400, BAR penned the following well considered thoughts to the readers of rec.boats: No, it really is all about the resale value. When you drive through my neighborhood you see that every yard is clean and well kept, the paint is not peeling off the trim, the garage doors all work and look good. There are no paved over front yards, although one or two owners would do it if they could, and houses sell rather quickly with deals that don't fall through at the closing table. None of the properties I own have a deed restriction. All of them sound like your description.... except I can't conceive of a paved yard.... we have real lawns. One neighboring house that just sold was never even listed. It sold within an hour, the morning it went on the market. Apparently, there are many exceptions to your rule! Gene, Of course there are, but if you are one of the people who live next to someone who has destroyed the value of your home, you would wish there were restrictive covenants. For what it is worth, most homes do have some restrictive covenants enforced by the local or county goverements (ie zoning, sanitary etc.) |
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