You
may be sitting on a goldmine and not even understand it. Most savvy real estate
investors will dig deep into your property's bundle of human rights and
determine the Highest and Best Use of a property before making a purchasing
decision. Your property value is directly connected to those uses which are
legally allowed by right, based on the zoning district in which your real
estate is situated.
How do you decide the real value of your real estate? Contact a real estate evaluator and get an appraisal. You will want to make sure that you hire someone that can provide solid references, and if requested, a work trial to get an idea of what you can expect for your money.
While an appraisal may tell you what the fundamental zoning regulations for your neighborhood are, without a certified subdivision plan equipped by a Civil Engineer, or Certified Land Surveyor, it may be difficult for an appraiser to determine the "full build-out latent" of your site. The best chances you have in maximizing the value of your real estate, from an appraisal viewpoint, is to understand the zoning regulations which govern your real estate, and then hire a qualified individual to inform you of your progress rights.
How do you decide the real value of your real estate? Contact a real estate evaluator and get an appraisal. You will want to make sure that you hire someone that can provide solid references, and if requested, a work trial to get an idea of what you can expect for your money.
While an appraisal may tell you what the fundamental zoning regulations for your neighborhood are, without a certified subdivision plan equipped by a Civil Engineer, or Certified Land Surveyor, it may be difficult for an appraiser to determine the "full build-out latent" of your site. The best chances you have in maximizing the value of your real estate, from an appraisal viewpoint, is to understand the zoning regulations which govern your real estate, and then hire a qualified individual to inform you of your progress rights.
