How Covenants Affect Omaha Homeowners Omaha Real Estate Expert

Omaha Real Estate Expert - Mike Beacom « »

9y ago

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If you live in a neighborhood with a covenant, you probably have mixed feelings about it. While covenants do good things for a neighborhood, they can sometimes feel like a nuisance.

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If you're living in a neighborhood with restrictive covenants, there are times when you really like the fact that covenants exist, and times that you really hate the fact that covenants exist.

We love covenants because they regulate the improvements in our neighborhood, and establish and maintain a harmony in the way the neighborhood looks. They also help improve property values, because when the neighborhood looks good, it helps everyone.

We hate covenants firstly because it's a lot of red tape. If you want to make an improvement to your house, you have to fill out a form, submit it, and wait for approval, and that can be a headache. People also don't like covenants because of the dues they have to pay and the fact that they're not always evenly enforced.

People love and hate covenants for many reasons.

Make sure you read your covenant's rules to see how they affect you. There is no harm in being a rule follower, but keep in mind that an HOA board does have the power to place a lien on your property if those covenants are not followed.

If you have any questions about covenants and how they affect homeowners, give me a call or send me an email. I'd be happy to help you out.

20 episodes