Do You Own the Air Above Your Home?

Posted from: http://www.zillow.com/blog/do-you-own-the-air-above-your-home-143915/

Few people spend time thinking about air rights – unless they’re in the New York City real estate scene, where developers can pay up to $300 per square foot for space over a low-rise building.

Still, every homeowner should have a basic understanding of his or her rights to this space. Do you own the air above your home by default? And if so, what can you do with it?

What exactly are air rights?

In real estate, air rights – ¬†which refer to the empty space above a …

Posted from: http://www.zillow.com/blog/do-you-own-the-air-above-your-home-143915/

Few people spend time thinking about air rights – unless they’re in the New York City real estate scene, where developers can pay up to $300 per square foot for space over a low-rise building.

Still, every homeowner should have a basic understanding of his or her rights to this space. Do you own the air above your home by default? And if so, what can you do with it?

What exactly are air rights?

In real estate, air rights – ¬†which refer to the empty space above a …

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