What are limitations placed by builders or associations on homes known as?

The correct term for limitations placed by builders or associations on homes is "Covenants, Conditions, and Restrictions" (CC&Rs). These legally binding agreements are established to maintain a certain level of uniformity and aesthetics within a community and to protect property values. They may dictate things like the type of materials that can be used for construction, the colors of paint that may be applied, the size and placement of fences, and even the types of landscaping that are permissible.

Covenants, Conditions, and Restrictions are important tools in real estate as they help ensure that all homeowners understand the rules and standards expected within the community. This promotes a harmonious living environment and can prevent disputes among neighbors regarding property appearance and use.

While neighborhood guidelines, homeowners' rules, and property standards may all relate to community living and set certain expectations, they do not have the same legal enforceability as CC&Rs. Hence, CC&Rs is the correct term that encompasses the official limitations placed by builders or associations on properties.