If you've got an answer for how to strike that balance you'd best start writing essays for the Federalist Papers 2nd Edition.
Because obviously you can do whatever you want with your property: well not open a business because it's not zoned for that, and not build too close to the property line, but anything else! Oh and you can't make too much noise after 9pm that's just rude, or fix your own electrical work because if you do a shoddy job it'll catch your neighbor's house on fire, and...