benefit as well . The restrictions and guidelines might present good value opportunity to unleash the potential of a property with improvements , such as rebuilding , extension of dwelling , building of residential development or even subdivisions . There could be an opportunity that will allow you to buy a warehouse building zoned for industrial purposes and convert it into a student accommodation , capitalising on a gentrifying suburb .
Another example could be buying a property adjacent to land that been graded and has been rezoned and approved for a shopping centre . The future value of your property will improve rapidly once the shopping centre development commences .
Paying attention to town planning might offer you a heads up pending developmental plans .
It therefore critical to look at each property to analyse its potential value whether it offers the best use . Identifying the town planning requirements of the property you are targeting to buy with the help of a real estate agent can help investors avoid surprises .
If you are looking to buy , it advisable to spend a little effort on researching and understanding which property has what rights in an area that you are pursuing to avoid disappoints in the future .
SA Real Estate Investor Magazine FEB 2022 35