It has become
rather a common practice to convert commercial properties into residential
areas; that includes changing shopping malls into apartments. However, there
also been changes from residential properties into commercial ones. The entire
process needs approved rezoning
applications without which nothing can take place.
Commercial
properties are money plants and more buildings are coming up as commercial
establishments. People are also transforming the unused residential properties
into commercial ones in exchange for a handsome price.
But, how to
initiate the entire process and whom to approach? There are several steps
included in rezoning a property. This blog will help you understand how to the
entire rezoning process is undertaken.
Assessing the property
Assessment of a
property is vital in the conversion process that includes checking the
documentation and permits. It also includes checking out the office layout and
changing the address pattern. Apart from these, some other revelation includes:
Effect on the neighbouring community: Most of the residential spaces are not meant for commercial usage
and hence there can be a severe effect on the neighbouring community if an
office is opened. It is certain to affect the schools, families and traffic in
the neighbourhood.
Cost of transforming: The
cost of rezoning applications depends on the space allotted and the kind of
property one is working with. It is better to know the budget in advance as it
can go beyond the pondered budget.
Entry and exit: Even if
everything is in place, there may be an issue in getting in and out of the
complex and this can be a prime factor for turning down a rezoning process.
Only after
proper assessing, can a property be selected for rezoning applications and further steps can be undertaken. Only a
reliable and skilled developer can give you the correct numbers and facts.
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