North Cincy News

West Chester Township is currently evaluating potential new restrictions on short-term rentals (STRs) that would limit their operation, impose strict permitting requirements, and prohibit them in most zoning districts. These proposed regulations could have significant impacts on homeowners, tourism, and the local economy.

The Realtor Alliance of Greater Cincinnati (RAGC) has expressed strong opposition to these restrictions. They have formally communicated their concerns to the West Chester Township Trustees through a letter emphasizing the importance of property rights, economic growth, and responsible regulation.

According to RAGC Board President DaVan Gassett, "Realtors should oppose West Chester Township’s STR restrictions."

For real estate professionals, protecting property rights and ensuring economic opportunities for homeowners and investors are crucial. The RAGC highlights several reasons why opposing STR restrictions is essential:

1. **Property Rights**: Restrictions on STRs can infringe upon homeowners' rights by limiting how they can use their properties. Courts have recognized leasing as a core right of property ownership, deeming similar zoning restrictions unfair.

2. **Economic & Tourism Impact**: STRs contribute significantly to local businesses by supporting restaurants, shops, and attractions. Facilities like Spooky Nook Sports Champion Mill and the Butler County Visitors Bureau depend on STRs for visitor accommodation, fueling over $1.3 billion in visitor spending and supporting more than 13,000 local jobs.

3. **Property Values & Housing Market Impact**: Properties used for short-term rentals tend to be better maintained than long-term rentals, leading to higher property appreciation rates between 8-10%. Overregulation may discourage investment in real estate markets by reducing home values.

4. **Unnecessary Regulatory Burdens**: Conditional use permits create obstacles for homeowners due to costly hearings and approval processes. Excessive regulations create an uncertain investment environment that discourages new home purchases in West Chester.

The RAGC urges realtors to stay informed about these developments by reading the full letter sent to the Trustees and understanding how such regulations might impact clients. Realtors are encouraged to speak out against these proposed restrictions by contacting West Chester Township Trustees and encouraging others to express their concerns at public hearings.

In addition, realtors are advised to share information with clients about the benefits of STRs while attending local meetings advocating for balanced policies that protect both homeowners' interests and the local economy.

"Protect Property Rights – Homeowners should have the right to rent their property without excessive restrictions," states one message from RAGC directed at West Chester Trustees.

Another message emphasizes support for local business: "Support Local Business & Tourism – STRs are essential to West Chester’s tourism-driven economy."

Lastly, they warn against overregulation: "Avoid Overregulation – Creating unnecessary barriers discourages real estate investment and limits economic growth."

Realtors are encouraged that their voices matter in this debate about private property rights and the future of real estate within West Chester.