Real Estate Matters | October 5, 2012 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

Real Estate - October 5, 2012

Real Estate Matters

Building restrictions: preserving charm vs. enhancing value

by Michael Repka

Without question, Silicon Valley has some charming neighborhoods and there is an understandable desire to retain the charm and feel of the community. Occasionally, neighborhood associations or cities decide to enact building restrictions aimed at curbing new construction, especially larger or multi-floor properties. However, the imposition of building restrictions can and does have an impact on housing values and appreciation.

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Michael Repka, managing broker and general counsel for DeLeon Realty, Palo Alto, formerly practiced real estate and tax law in Palo Alto. He serves on the Board of Directors of the California Association of Realtors. He can be reached at MichaelR@DeLeonRealty.com.

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