You Own Your Home, North Carolina Developer Owns What's Below It
Posted by Larry Tollen on
Imagine my surprise when I learned today that one of the Triangle's major developers DR Horton has been very quietly selling the mineral rights under the homes their building in Chatham, Durham, Wake and Orange counties to their own energy company DRH Energy since 2010. For more information on this, check out this article from Indy Week.
I have always considered DR Horton to be an average quality production builder, that offered reasonably good value for the dollar and have not hesitated in the past to show their homes to buyers interested in new construction but with a limited budget. As a Realtor who has always been in it for the long haul, I will now have to reconsider my willingness to do so and if a buyer client is interested in a Horton home, I…
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North Carolina like many states is currently considering permitting fracking and this should be of major concern to all property owners state-wide.
Let's start by stating the obvious: Zillow, Trulia and similar sites are not Realtor sites per se. They are Internet sites and have no Realtors working for them. They don't need to; it's not what they do. They have Marketing, IT, Sales and other professionals working for them and use proprietary algorithms that sift through county tax records, compile statistics and then propose “estimates of value” which, in my opinion, are the least valuable of the service they offer consumers. Interesting tidbits of information but little more. These sits offer AVM's, or Automated Real Estate Valuations, that let you input a number of factors about your home
Despite what HGTV might have you thinking, there are ways to add value to your home besides completely redoing your kitchen and baths, both of which can be expensive undertakings.
Growing was apparently the operative word as evidenced by the attached pictures. What started off as one simple raised bed was so successful that last spring I put in a second and we were off to the races. This year my wife Angela and I enjoyed fresh lettuces, tomatoes, zucchini, okra, summer squash, red and green peppers, lots of spinach, mustard greens, collards, cucumbers, green beans and herbs. we've got brocoli kale, cabbage, more lettuces, carrots, and greens growing now. For those of you who know me, it will come as no surprise that I've kept going and just finished putting in a third (and final) larger bed for next year.