His direct quote: "It kills progress."
Tuesday, April 14, 2009
From a Builder's Prospective
I have talked to a builder who gave me some interesting information saying those most hurt where there is a NSO is Estates as most of those homes have not been updated/maintained and the beneficiaries are unable to sell these properties 1) because builders won't choose to build in an area with an NSO as it is such a hassle and 2) because the trend in real estate is to buy updated and most Buyer's with the exception of investors don't want the hassle of updating. The beneficiaries have trouble selling the property and in the long term it costs them money.
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It doesn't kill progress. It ensures that a 2 1/2 to 3 story house is not built right next to your home. What that does is flip your property value upside down. Making your house worthless and your property worth only $70,000. That, my friend, will kill your ability to sell your home. Of course a builder told you that. He wants to buy a cheap tear down and build a hugh home using most of the lot and dwarfing the properties all around. Big mistake.
ReplyDeleteYou are arguing with emotion. I can understand your not wanting a 3 story house next to you. I don't understand your logic that your property will only be worth $70,000 unless you don't maintain your property with general maintenance.
ReplyDeleteMy opposition to the overlay is not being a proponent of new construction, but over the rights I have to my property. Even with an overlay you cannot control the property next to you or what is built only the specifications to which it can be built.
Remember its the people that make the neighborhood not the houses.