TAILIEUCHUNG - Commercial Real Estate Investing For Dummies For Dummies Business Personal Finance_12

Tham khảo tài liệu 'commercial real estate investing for dummies for dummies business personal finance_12', tài chính - ngân hàng, đầu tư bất động sản phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 284 Part V Kicking Your Investing into High Gear As an urban area matures over time the citizens and their political leaders want to have more specific rules for development and construction. As a result the local government fine-tunes the zoning regulations and procedures to deal with priorities brought up by community leaders. Sometimes some of these new regulations may even take effect after your land development project is underway. This requires adjusting your development and construction budgets during the rezoning process as well as throughout the life of your land development project. Coauthor Peter Conti s parents have a small home up in Sydney Maine where they spend their summers. His brother works there on a dairy farm milking cows. Even though Peter s brother s house is on a small piece of land his backyard view across lush green fields and trees is spectacular. Looking out off his back deck you d never guess this area has absolutely no zoning. This means that if someone wanted to rebuild a school bus in their front yard there are no regulations to stop him or her from doing so. Luckily most of the neighbors work together to keep the community looking nice. In effect the zoning and planning departments of any municipality work like the community of Sydney works to make the best of any development that happens in their area. You may want to take on several projects in one area omce you become familiar with the land-use planning zoning and regulations in that jurisdiction. As strapped as cities are these days with their budgets they aren t able to do much to help developers through the jurisdictions regulations or review procedures. This leaves it up to you as the land developer to understand and know the local regulations. So make sure that your project meets all the guidelines the first time without having to go back and make multiple changes. Dealing with bureaucrats As soon as you have a property under contract plan to talk to officials at the city .

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