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Planned Communities

Many subdivisions are governed by homeowners' association rules which place restrictions on what you may or may not do with your property. Such restrictions may range from the types of vehicles that may be parked in front of the property, to the color paint that can be used on the exterior of the building. Many jurisdictions require that sellers provide a copy of these rules or covenants to prospective buyers and allow them time to study and approve them before finalizing the purchase agreement.

Most restrictions are intended to keep owners from doing things that could depress property values, and are generally enforceable in a court of law. Some buyers will find such rules and restrictions reassuring. But a individualist who may want to park a large truck in the driveway, paint the house a wild color, or erect a high privacy fence should think twice about buying in a highly restricted area. Whatever your feelings about such regulations, be sure that you understand all homeowner rules, and can live happily with them before committing to a purchase.