Ready to Lose 25% of Your Property Value?

|December 6, 2007|Boulder|

by Osman Parvez
—-

Should there be limits on the size of homes in Boulder? How large is too large? Results from an economic study on the issue were released yesterday.

From the Daily Camera:

The latest version of the proposed house limits would cap houses in the plains at 4,500 square feet above ground and houses in the mountains at 3,000 square feet above ground.

The study also presented a “quick and dirty” analysis on how the new program would affect property values and estimated it was possible that some land could lose as much as 25 percent of its value.

But land-use planners pointed out that the program would benefit people who want to buy a smaller house because they could sell the extra development rights.

The majority of the public who spoke Wednesday to the Planning Commission — in front of an audience of about 60 people — opposed the program and questioned the validity of the analysis.

“You are dealing with our lives, not numbers on a spreadsheet,” said Allenspark resident Margaret Wray. “And remember, viable does not necessarily mean reasonable.”

The Planning Commission will hold another public hearing in January before making a recommendation to county commissioners, who have the final say.

What do I think? As you might guess, I’m opposed to limits beyond current zoning but am open to other ideas. A better system, in my opinion, might require a review period for building permits that give neighbors an opportunity to get involved and have their say. Rather than passively restrict home sizes with draconian limits, concerned parties might weigh-in on the design of the home. Builders might be required to get approval, if neighbors have actively moved forward and filed to be involved. This type of system, requiring active participation and due process, might balance the interests of adjacent land owners without major damage private property rights.

—-

Like this analysis?    Subscribe to our client research report.     
Want to get blog updates via email?  Click HERE.       
Ready to buy or sell?  Schedule an appointment or call 303.746.6896. 
You can also like our Facebook page or follow us on Twitter.

As always, your referrals are deeply appreciated.  

The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

Welcome to House Einstein

Locations, Due Diligence, Negotiation

Testimonials

We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.

Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.

Share This Listing!

More about the author

Osman Parvez

Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.

Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.

Facebook | Twitter | Instagram | YouTube

Work with

House Einstein

Thinking about buying or selling and want professional advice?
Call us at 303.746.6896

Your referrals are deeply appreciated.

Like this content? Want more fresh listings? Subscribe to our newsletter!

This field is for validation purposes and should be left unchanged.