Zoning and Land Use Basics
Every community has ordinances describing how property may be used. As an example the land use plan indicates an area to be a residential use and the zoning map indicates it as an R-3 zone which may indicate 3 dwelling units per acre. Understanding and researching the approved municipal land use and zoning maps may result in finding unique real estate development opportunities. These important regulatory instruments are infrequently updated and may not reflect recent development trends.
This webinar outlines the terms and key aspects of zoning and land use maps which will assist you in assessing the development potential of land. Learn what to look for and how you may use the regulatory maps to your advantage on overlooked opportunities.
Public Information Research
This webinar outlines all of the public information available on the internet in most local markets. Analyzing this information is the first stage of property investigation. Arm yourself with information prior to spending soft costs or to meeting with staff at Town Hall. Learn what you should be researching online so you can base a “GO” or “NO GO” decision on regulatory facts.
Site Characteristics
Based on the public information compiled online and supplemented with meetings at Town Hall, each parcel of land must be evaluated on its physical site characteristics. These site characteristics may adversely impact the development potential. Learn the constraints and benefits of specific site conditions and characteristics. Categorize each site constraint by its positive or negative impact on a cost effective development approach. This webinar highlights important site characteristics used in a “GO” or “NO GO” decision.
Due Diligence Report
All developers prepare a due diligence report on property considered for purchase. Learn the structured approach used by successful real estate developers to compile information about a specific site. Learn the essential elements of the report. This document records your findings in a format answering questions a buyer would ask. This webinar outlines how the due diligence report is a powerful marketing tool. The buyer does not have to complete an in-depth analysis but only has to verify the information for accuracy. The due diligence report will also outline and substantiate the development potential of a site.
Thursday, April 15, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment