If you have the right combination of items and you have a big enough wallet, this may be your retirement ticket. But sometimes, this is your ticket to the poor.
I saw a home with a mixed use of partitions. In this area, this means that you can use your home as a residence or as a commercial land. These types of sites are usually limited to low-impact projects such as office buildings, apartments, etc.
What is captured? Then you have to have a large enough land to trade. That's why you see five houses on a busy street sold at the same time, and the partition is commercial. This is for commercial development approval and must be large enough for commercial development.
Typically, for mixed residential areas, these areas are close to towns or other apartments or commercial areas close to the area. I have evaluated several types of property. In many cases, dividing the area into a mixed use is enough to sell the home to more because it may attract specific buyers who want to live in the same house and run the home. One of the homes I evaluated provided a living area on the main floor, while the daylight basement provided rental office buildings.
My understanding is that some banks that specialize in residential zoning will not lend to mixed-use properties. If you want to get a home loan, this is of course a downfall. Some buyers do not want to use their homes in the office. This will limit the number of buyers who may want to buy a home.
So, will commercial zoning increase the value of your property? If your home is the most suitable home for residential use, commercial zoning may reduce the value of your home and make it difficult to get a loan and make it difficult to sell because you will be on a busy street. If your home is residential and the highest and best use is to build a commercial structure, in most cases, your land for commercial use will be more valuable than your home for residential use.
Therefore, the moral of the story is to be open to these types of attributes. A few days ago I saw some houses, where the house was an older house and the house was larger. The partition can be converted from residential to commercial and the price is $1,500. Residential homes with larger lots and similar zoning are priced from $350,000 to $400,000. Residential homes that have been converted to commercial zoning are priced between $500,000 and $700,000. So for $1,500 and for a while, this is a good investment for your money.
Orignal From: Will commercial zoning increase the value of your property?
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