Real Estate Assessment

Legal considerations should be part of the real estate appraisal process . Some of the most significant issues that affect real estate values ​​zoning regulations , building regulations and environmental regulations .

There are many rural areas in the United States that do not have zoning laws . This is due to their sparse population and low density properties better . However, they would fall under the jurisdiction of the state building code and both federal and state environmental regulations .

Real Estate Assessment - Zoning

This regulation was announced by the local government . Their purpose is to regulate where and how real estate can be developed , repaired , type of use permitted in a particular geographic area , density , suitability of the property , environmental issues and health and a myriad of other issues that govern the use of personal property .

Different cities have different degrees of regulation depending on the local character and economy . I live and work in the market of high-end , exclusive , a second home where zoning regulations are very strict . The reason is that their local government to help maintain high property values ​​and exclusivity .

Commercial zoning classification will determine the permitted use in a particular geographic area . This could include industrial , commercial , residential , multi - family , farming and sub ​​- categories respectively .

This classification will each have their own list of special regulations . A residential area is categorized could have restrictions on the minimum lot size , gross living area , height of structures , setbacks from front , side and rear lot lines , lot coverage maximum occupancy principle and accessory structures , residential restriction laws as one, two or multi - use family . These are just a few examples and all of the city will be different .

It is important for home buyers or sellers to be aware of local zoning code when building the value of the property .

Real Estate Valuation - Building Codes

Building code was announced by both countries , regions , and in some cases the federal government . The state government will typically set minimum building standards that local governments will be used as the basic standards and code means for their needs felt locally .

The federal code is usually the result of the geographical location of the area and vulnerability to severe natural disasters . In the city of my new construction must comply with federal hurricane -resistant standards .

Real Estate Assessment - Environmental Regulation

Again starting from the environmental regulations at the federal level under the authority of the Environmental Protection Agency , supplemented at the state level and expanded again by local municipalities .

Regulations include endangered species , wetlands , water quality and a myriad of environmental problems that range from reasonable to unreasonable .

They are to be taken seriously as an offense can affect property values ​​. The most common problem in my area is a wetland encroachment . I have assessed the property as wetlands setback regulations , more than fifty percent of the property will be restricted from being built on or even disturbed .

Real Estate Assessment - Expert Consult

Over the years I was in real estate sales , I watched a lot of shaky deals because of violations of the law . These violations will appear after a signed sales contract and the closing process begins .

Valuers Banks and insurance adjusters eyes on the ground for their employers and would report back to them every violation of the law after a physical examination of the property. Surveyors will be revealed in the two surveys are updated or new survey , zoning violations such as illegal additions , accessory structure or encroachment that would affect the precious title .

Too many times I have witnessed homeowners build garages , decks or other accessory structure without first obtaining a building permit and secure a Certificate of Occupancy next .

This incident delay the closing date until they can be resolved legally . This delay could be a deal killer . Depending on the conditions stated in the contract of sale, this can sometimes give one party to a transaction with a way out .

Are you buying or selling , real estate brokers and experienced professional can help you navigate this minefield of legal problems by providing you with advice backed by experience and their knowledge .

Because a large number of government regulations , closing the real estate deal has now become as complicated as filing tax returns .

The road is to hire a professional consultant . Someone who has experience dealing with these rules , understand them and can give direction to navigate through them .