Development, it's bound to happen.
Simply because there is a large open field, or the property you're looking at borders woods, doesn't mean it will or can stay that way in the future.
I could rattle off instance after instance where home buyers who may have just closed on a property, are being notified as an abutter that some type of proposed development, they hadn't heard about previously, was taking place right next door to them.
On that note, here are a few questions that, as a home buyer, you need to raise as you look around the property and neighborhood:
Most municipalities have a Master Plan that gives a plan of action for how the community is or could be developed in the future. Often, discussion is by area, neighborhood or grouped by use.
One of the things you should check out is if there are any changes planned in the short term or long term for the particular area of the city or neighborhood in which you are looking to live.
Neighborhoods go through transitions that include development, stability, and decline/redevelopment. Some areas are in transition from one use to another.
Other areas are slated for actual zoning changes perhaps to a much higher density because of the dwindling supply of land that can be developed.
Getting caught in the middle of such a transition may make resale much more difficult and life at the old homestead less desirable if development occurs all around you that you weren't anticipating or told about.
Zoning ordinances dictate what you can or can't do in a certain area of the city, including what uses are allowed to exist.
Review a zoning map of the area to answer the following questions:
I have experienced each of these scenarios being at issue with a property I was involved with at one time or another, either as a sales agent, real estate appraiser, as a member of the Zoning Board, or as a property owner.
The advice here is plain and simple.
When buying a home, be sure to do your homework. Don't be like many home buyers who fail to understand as much as they can about the home they want to buy and end up disenchanted with their financial investment.
Copyright 2005 Don Berthiaume
ABOUT THE AUTHOR
Don Berthiaume gives you the questions you need to ask when buying a home. For more details, and for a free 4-part mini-course in home buying, visit this site now: Buying a Home
Anyone who has ever profited from doing a short sale... Read More
Homeowners who are seeking a property appraiser often ask "How... Read More
Whether it's selling your home or buying a home, more... Read More
Prospecting for leads is by far the most difficult part... Read More
I can't emphasize enough how important it is to have... Read More
Homebuyers and sellers should be aware about issues involving homeowners... Read More
Discover new interior Design Psychology strategies to increase your real... Read More
Of course, this is the big question in real estate... Read More
Curb appeal is the most important challenge you'll face when... Read More
Real estate is one of the best vehicles of building... Read More
Wouldn't it be nice to have Roger Hazard's design team... Read More
As you continue to read about real estate investing, you... Read More
Do you want to sell your home right away? Don't... Read More
The Primary Residence taxation, the Residential Replacement Rollover, Sec. 1034... Read More
I hope you had a spectacular weekend!Things have been going... Read More
Location:Frequent travelers will absolutely delight in this town! As part... Read More
An irate tenant or disgruntled home-buyer, with the help of... Read More
If you're thinking about selling your home and moving up,... Read More
There are many reasons why a home owner would want... Read More
Are you one of a growing number of people considering... Read More
Purchasing Florida Investment PropertyConsidering researching the purchase of Florida Investment... Read More
An effective real estate advertising strategy entails a 'shotgun' approach.... Read More
As soon as you decide to put your home on... Read More
If you are thinking about buying a second home, you... Read More
Aloha! If you are interested in choosing a Maui income... Read More
Is a sharp correction in store for the real estate... Read More
Are you using the equity from your home to purchase... Read More
Anyone interested in real estate should be able to talk... Read More
You've found the perfect home, closed escrow and just finished... Read More
First impressions do make a difference when selling your home.... Read More
Whether you list with an agent or sell on your... Read More
So you've decided to take advantage of the booming real... Read More
The discount on a foreclosed property is not as great... Read More
That's A Funny Thing To Say About Property Auctions; They're... Read More
Foreclosure under a mortgage requires a court ordered sale conducted... Read More
According to Warren Bland, PhD, an award-winning author and geographer... Read More
Ireland has recently witnessed an upsurge in the number of... Read More
The biggest secret of conducting a successful lease purchase business... Read More
A good school district is a key factor in home... Read More
Sellers need to keep their safety in mind when prospecting... Read More
Real estate investing can be a dream career when the... Read More
Owning a house is part of the American Dream. Depending... Read More
Many real estate investors enjoy "flipping houses," or buying and... Read More
Owning investment property is a tremendous wealth building strategy. Thousands... Read More
Happy, Long-term Good Tenants Paying On Time How to Create... Read More
There has been speculation in the media recently about the... Read More
Every year hundreds of thousands of foreign visitors travel to... Read More
Flipping through late-night infomercials recently, I saw two real estate... Read More
Development, it's bound to happen.Simply because there is a large... Read More
What can go wrong? About a gazillion things, but this... Read More
If You want to be Financially Successful you need to... Read More
For single family homes, there are two basic methods used... Read More
Ugly houses can be great investments, but we don't buy... Read More
What do the Californians know that we don't?What is so... Read More
In recent years buy to let has been a popular... Read More
Why should you do your own real estate inspection? To... Read More
If you have recently purchased some real estate for investment... Read More
Buying Your First HomeBuying Your Own Home isn't nearly as... Read More
These real questions on 'How To' build are answered by... Read More
Why are real estate investors having so much success offering... Read More
Don't sell it yourself! Sometimes a "FSBO," or house "for... Read More
Prospecting for leads is by far the most difficult part... Read More
All of us know that real estate commissions can work... Read More
If you are in the market to purchase a home,... Read More
Since the Northern Cypriots famously voted 'yes' to the UN... Read More
Welcome to this first portion of a three-part series about... Read More
Real Estate |