What are CCRs?

If you are in the market for a new home, you have probably come across the term "CCRs" which is short for covenants, codes, and restrictions. Here is a quick guide to what they are and some common things to look for.

An introduction to covenants, codes, and restrictions (CC&Rs):

Covenants, codes, and restrictions provide an important framework to ensure that residential communities remain pleasant places to live. CC&Rs are documents that delineate the specific rules and regulations required of homeowners within a particular community. They address issues such as building architecture and maintenance, landscaping requirements, the types of activities that can be conducted within a community, and other matters common to homeowners' associations. All members of the association must abide by these standards or risk fines or other enforcement measures.

What CC&Rs are designed to do?

CC&Rs are designed to maintain the attractiveness and value of a neighborhood. These rules often cover issues such as noise restrictions, keeping buildings aesthetically consistent with the rest of the neighborhood, and whether or not people can operate businesses from their homes. Additionally, they help create a sense of continuity by outlining neighborhood regulations that all residents must follow. CC&Rs can help communities have a cohesive look by providing boundaries for property ownership. They can prove crucial in protecting homeowners' investments, as well as preventing potential conflicts between neighbors.

Common Things Found in CC&Rs:

• Architectural standards
• Common areas and who is responsible for maintaining the common areas
• HOA assessments
• HOA bylaws
• Limitations on how the property can be used
• Maintenance requirements
• Parking standards
• Types of animals allowed and how many
• Voting rights

How CCRs can impact your life as a homeowner?

As a homeowner, CCRs are something you need to be aware of if you intend to buy or sell a home in certain areas. They can have significant implications on your life as they often dictate the actions you can take with your property and the aesthetics of it, such as adding outbuildings or specific structures, types of plants that can be grown in your garden, exterior paint color choice, how long you can park your RV on the street, and yard maintenance requirements. CCRs can help maintain a uniform look for the neighborhood and generally keep property values in check by limiting uses deemed disruptive or unappealing.

Though it may sometimes seem burdensome, CCRs are meant to benefit you and protect your equity.  As a result, you are less likely to experience a negative impact on your market value due to the non-compliance of one or several homeowners in the neighborhood.

Overview

When selecting a property to purchase, it is imperative that you read and comprehend the CCRs thoroughly in order to ensure that it complies with your desired lifestyle. Usually, CC&Rs are enforced with respect and fairness, ensuring everyone enjoys living in a safe and well-maintained environment with minimal disruption from neighbors.

By understanding how CC&Rs work and what your rights are as a homeowner when it comes to them, you can ensure the continued peace and security of the community for yourself and other residents.