Whether its a private land for a new fence in your own backyard to rezoning of a brownfield development of a environmentally hazardous site, you need to know how best to use your land.
MUST-HAVE STRATEGIES FOR REAL ESTATE INVESTORS. RELEVANT AND TIMELY INFORMATION THAT GIVES YOU THE EDGE.
Land Use From The Basics
Our Carmel real estate attorneys have been apart of many cases that span the complexily of an easement case between two home owners to complex environmental cleanup of underutilized or abandoned commercial buildings. You need the legal council to defend your rights against both the public and private interests and get the best advice to connect how your transaction can relate to local land use regulation, development codes and state and Federal redevelopment plans for a particular area.
We will uncover how you can best use both the applicable land use regulations, environmental standards and how governmental, civic organizations and the private sector can all benefit your real estate investment goals below.
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HOW CAN YOU USE YOUR LAND?
As each of these land uses serve a particular public or private purpose, its important to understand how they intersect and how they could be used in the future, impacting the potential value. Whether its demographic shifts, geopolitical issues, job and household growth into Indianapolis and Carmel and beyond, you will be guided on how to utilize each catering to your investment horizon, expertise and price point.
To start, transportation land, these would involve the road, water, rail, and airports that could affect toll road development, noise for local residential areas so its a necessary area to note while exploring redevelopment near these types of land
With recreational, you are looking at sport stadiums and entertainment facilities, parks and museums. Prime areas to develop commercially.
With commercial buildings, a real estate developer or investor wants to consider the current land use in the urban areas, governmental tax credits and economic activity.
Agricultural land may have regulations that protect the waterways or vegetation it surrounds or sits on. Land leases for crop production can be used as well as rezoning into residential.
Residential is for both single family homes, condos and multifamily apartments which are highly desired in central business districts and suburban areas.
THE RICHES ARE KNOWING WHAT YOU HAVE
Every community has its own needs, natural resources, limitations and lifestyles. Whether looking at land use in rural areas such as Sheridan or New Palestine to urban density in downtown Indianapolis, it’s important to know how both the local economy, community services are used and distributed and how you build around the regulation that is a necessary evil to meet both current and future needs of a particular neighborhood, city or the state of Indiana.
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The land use planning process is never a simple process but starting to work on your project can be. We want to help you look at all angles when it comes these three areas of land use. Environmental values such as controlling development in floodplains impact your insurance costs as well as Greenfield and brownfield redevelopment costs through Phase I and Phase II inspections. When it comes to economic value, you can look at the local of new construction, public and private school values and security and crime statistics that can effectively mitigate some risks in developing specific property types. Lastly, the social impacts you can have in land use are vastly impacting the community you serve as well as your bottom line such as providing affordable housing, historic preservation of structures and creation of green spaces and the elimination of food deserts.
The list is endless and will require much planning on how to curate a plan match your expectations for your current site or potential purchase. We look forward to guiding you on your journey.
To schedule your land use issue consultation, please contact our Indiana real estate attorneys from our firm today!
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