Under and Over your home

Under and Over your home

Many homeowners in the seacoast purchase a home for a place to hang their hat and raise a family or as an investment.    However, most are probably not aware of some other advantages.  You may be surprised to learn that you own all the dirt under your home, within your property boundaries, to the center of the earth (in theory).  For New Englanders that may not be such a big deal.  However, in other parts of the country where energy resources are a premium owning the dirt under your home could be very valuable.  Perhaps Oklahoma and Texas.. Particularly with new extracting methods for oil such as horizontal drilling  and other methods to extract resources from the earth.  Additionally, air rights are also in play when owning a home.  Prior to the 20th century, a homeowner owned all the airspace directly above their lot into infinite space.  Eventually, air transportation was invented and things had to be altered to accommodate air travel.  We couldn’t have air craft trespassing  private property every day.  Utilizing air space does not mean one can automatically put a vertical addition onto their home.  Town zoning rules limit structure additions.  Best to speak with your local town office regarding this issue.   In short, air space when used properly could be worth a significant amount of money.

~Cheers