Buying a property is a large investment and should not be taken lightly. During the “Due Diligence” stage of property acquisition, there are several pieces of information you will want to compile to make sure the property will fit your long-term needs. This page outlines basic questions prospective property owners may have but does not cover everything.
WHAT IS THE PROPERTY ZONED?
It is imperative to make sure the zone of the property allows for the use you plan to institute. Zoning also prescribes development standards, such as building setbacks, lot coverage maximum, building height limits, etc. that will impact whether or not additional structures can be built on the lot.
The Zoning Map and the Zoning Ordinance can provide much of the information necessary regarding allowed uses within a specific zoning classification.
WHAT ARE THE SURROUNDING PROPERTIES ZONED? WHAT WILL THEY BE USED FOR?
It is also a good idea to research the properties surrounding the property you may purchase; if the land is vacant, you will want to make sure you are aware of any future plans for the area and if the land is already built upon, you will want to make sure you are aware of other uses that may be allowed should the existing use change.
IS THE PROPERTY A PLATTED LOT?
Another item to check during the research period is the legal description. The legal description refers to the exact boundaries of a property. It is important to find out if the property has been platted or has been illegally sub-divided in the past; if the property is not a platted lot, you may not be able to build on it unless a subdivision plat or other application is submitted first.
It is always best to check with the Planning Department with specific questions. The Planning Department can be reached at (719) 322-2000