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