The home-buying experience comes with a lot of acronyms and industry jargon.
If you’re like most new homebuyers, you’re probably taking a crash course in a whole new language — and that can be frustrating.
One of the terms you’ll hear on your way to homeownership is deed restrictions.
What is a Deed Restriction in Florida?
If you’re searching for a new home in North Florida, you’ll have to decide if deed-restricted or non-deed-restricted property is best for you.
So what does deed-restricted mean?
What Florida Deed Restrictions Do
Deed restrictions set limitations on how land can and can’t be used. Today, this is most often governed by a homeowners’ association, or HOA. The HOA can apply rules to keep the neighborhood beautiful, as well as charge fees for maintenance of common areas in a neighborhood. Perks that often come with HOA fees often include the use of a community pool or playground.
More on HOAs and Deed Restrictions
HOAs can regulate many aspects of homeownership, such as how your yard is landscaped and whether you’re allowed to store trailers and recreational vehicles on your property. The rules can be extensive and vary from community to community, so you’ll want to review the deed restrictions in a neighborhood that has them before you decide to buy.
If you’d prefer to have more control over how you use and enjoy your own property, non-deed-restricted land is probably best for you—and is usually found outside of neighborhoods and subdivisions. If you’re in search of a community that can enforce the overall aesthetics of the neighborhood and maintain property values—then a deed- restricted property may be what you’re looking for.
Are You Buying a Home in Lake City?
When you’re ready to start looking at homes for sale, we’re here to help.
Call us at 386-243-0124 or if it’s easier, contact us online. We’ll begin searching for your new home right away. In the meantime, you can search for homes for sale in Lake City neighborhoods that interest you by using the links below.
• Oak Meadow Plantation
• Emerald Forest
• Emerald Cover
• Wise Estates
• Piccadilly Park
• May Fair
• Blackberry Farms
• Grandview Village
• Cypress Landing
• The Oaks at Woodborough
• Suwanee River Farms
• Marion Place
• Blaine Estates
• The Preserve at Laurel Lakes
• The Gables
• Old Sugar Mill Farm
• Rose Pointe
• The Woods at Falling Creek
• Riverside Estates
• Dogwood Meadows
• Hills of Huntsville
• High Point Farms
• Turkey Creek