instance, properties located in prime economic hubs of a suburbs that boast loads of character, the zoning rights of properties within this area is what pulls potential investors.
Another consideration should be made for properties that have heritage status from local authorities in cases where the property is over 60 years. Renovating that dwelling, doing an extension and even throwing on a new coat of paint can be quite a bit more difficult due to heritage restrictions imposed by authorities.
You should know this upfront and what it means for you as an investor. Zoning information is easily obtained from the local municipality and
most cities and towns now make this information available online.
Land use Restrictions Some town planning restrictions can be a hurdle to buyers; you might find that restrictions hinder your resale prospects down the track. There might be restrictions on height, style and even colour. These restrictions do not allow you to do what you want in your property.
Understanding the town planning requirements that is critical, as it could impact the scale and size of the addition on your property.
Can a Property Investor / Buyer
Benefit from Town Planning? Town planning can be used to your
34 FEB 2022 SA Real Estate Investor Magazine