filteredlist.com filteredlist.com filteredlist.com
Search:    Index Page >> About Us >> Privacy of Info >> ToS >> Place Your Link >> Submit Article   
Add Url
 

Outdoor & Sports

Hotels & Travel

Realty & Property

Government & Politics

Health & Hygiene

Technology & Science

Cooking & Drinking

Self Healing

Education & Reference

People & Communities

Home & Garden

Art & Creative

Computers & Software

Banking & Finance

Issues & News

Business & Commerce

Games & Play

Medical Care

Online Shopping

Teens & Kids

Jobs & Employment

Fashion & Lifestyle

Recreation

Automotive

 

Index Page › Realty & Property › Real Estate Websites
 

How Come No One Told Us About This When We Were Buying a Home?

 
Author: Don Berthiaume
 

Development, its bound to happen.

Simply because there is a large open field, or the property youre looking at borders woods, doesnt 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 hadnt 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:

  • Are there any subdivisions, large or small, or plans that are expected to be coming before the planning board that would affect your prospective neighborhood?

  • Are there any ongoing or existing subdivisions or plans that would adversely affect your purchase decision?

  • Is it likely that the neighborhood could be redeveloped for another use?

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 cant 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:

  • Is the residence youre looking at in a residential zone?

  • Does the property border a different zoning district?

    • Does it border a commercial or industrial zone?

    • Does it border another residential zone that preserves a lower density?

    • Does it border another residential zone that allows for a significantly higher density?

    • Does it border a mixed-use zone?

    • Does it border an historic zone or district?

    • Does the property straddle more than one zoning district?

    • What is the effect on minimum lot size requirements?

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

 
 
 

Related Articles

 
How To Avoid Foreclosure
 
Industrial Income Property Financing: Part 3 of 3
 
Hot Summer Landscaping Tips for Home Sellers
 
Six Steps To Successful Real Estate Investing
 
Real Estate Website Marketing - 5 Steps to Crushing Your Competition and Doubling Your Business
 
Seven Homebuying Disasters To Avoid
 
1031 Exchange Companies
 
Maryland Mortgage - What to Expect When Buying a Home in Maryland
 
Aussies Build Wealth Through Real Estate
 
Real Estate Bashing 101
 
 
 
   Index Page >> Privacy of Info >> ToS
Copyright © 2008 www.filteredlist.com