Title: The Impact of Zoning on Property Values
Headings: The Impact of Zoning on Property Values
The Impact of Zoning on Property Values
Shannon Slater Follow
MNAA, Certified Residential Real Estate Appraiser at DW Slater Company
What is Zoning?
What is the Highest and Best Use Analysis?
How would zoning impact the value of a property?
Shannon Slater
MNAA, Certified Residential Real Estate Appraiser at DW Slater Company

Content: There may be limitations on any additions that you may be able to make to your home. It is important to find out the zoning restrictions and requirements for your property. Value is market dependent and each market is different. If a residential property is located in an area that is transitioning to commercial or mixed-use it could add to the value if the zoning is changed to commercial but in some cases it may detract from the value. Zoning variances can be allowed in some cities and could be requested but they may or may not be granted. Please research the city in which your property is located for further clarification on zoning variances. The zoning of a property becomes extremely important when appraising commercial real estate as it will impact what type of commercial property can be constructed or what type of use a building can have. Here is an example of zoning how impacted the value of a commercial property. A building that at one time had been used for light industrial/light manufacturing but the manufacturing business was not longer using the building. The building became vacant for an extended amount of time.