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: The area consisted of older residential homes. There were no commercial properties in the neighborhood. In this situation the city had wanted this to become a commercial district but currently it was still residential homes in hopes of transitioning into a commercial district. The zoning of a property may have restrictions such as set backs from the front, sides and rear. There may be limits to number of garages allowed or a minimum garage requirement. 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.