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What Factors Go Into Commercial Zoning?
If you’re looking to build or invest in property, now is an excellent time. All around Utah development of new areas is creating the perfect environment for investment and major gains. Property investment is one of the safest and most lucrative ways to invest in your future, and you have so many opportunities to seize in the Utah Valley. Eagle Mountain is one of the hottest options at the current time. Eagle Mountain is developing rapidly, in both residential and commercial sectors, and it’s an exciting time to be in the investment game.
But many people don’t fully understand how zoning works and how zoning can affect their investments. When you buy a property or a parcel of land, you’ll find that zoning determines how you can and cannot use that land, what upgrades and renovations you can make, even the size and style of the structures you can build. The Eagle Mountain Founders Group is well-versed in the world of zoning, so today we’re sharing with you the factors you need to understand that affect zoning.
Determining Factors
First, you need to understand what zoning is, and how it is used. Zoning is land regulation within a city. Districts are outlined with specific purposes, usually residential zones, commercial zones, and industrial zones. Sometimes recreational or natural zones can be designated as well. The idea is to create zones with homogenous structures and surroundings for safety and convenience.
The way your property is zoned will affect a number of factors. For example, some residential zones require a height limit or occupancy limit on units built within the zone. Industrial zones may require certain parking or utility requirements for safety. Commercial zones may have a minimum lot size or restrictions on the number of buildings per lot. All of these requirements and particulars are contingent upon the city and are usually part of a master plan that provides for the city’s future growth and development.
Retroactive zoning can also affect your properties. As cities grow, what was once un-zoned residential or agricultural land could be re-zoned as commercial. That doesn’t mean they bulldoze any residential homes within the zone, just that any new builds from that point forward must comply with the current zoning. Often that means that residential homes grandfathered into commercial zones cannot be sold unless it’s to convert to a commercial property.
