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A variance is a deviation from the set of rules a municipality applies to land use and land development, typically a zoning ordinance, building code or municipal code. The manner in which variances are employed can differ greatly depending on the municipality .
Generally, zoning is a constitutional exercise of a state's police power [4] to protect public health, safety, and welfare. Therefore, spot zoning (or any zoning enactment) would be unconstitutional to the extent that it contradicts or fails to advance a legitimate public purpose, such as promotion of community welfare or protection of other properties.
Nonconforming use in urban planning the use of land that was authorised at the time the use was created but is no longer allowed due to changes made to the zoning restrictions after that time. [1]
[1] [2] In the United States, zoning includes various land use laws enforced through the police power rights of state governments and local governments to exercise authority over privately owned real property. [3] Zoning laws in major cities originated with the Los Angeles zoning ordinances of 1904 [4] [5] and the New York City 1916 Zoning ...
A special assessment district (S.A.D.) is a geographic area in which the market value of real estate is enhanced due to the influence of a public improvement and in which a tax is apportioned to recover the costs of the public improvement. [4]
They then resell the plots of land for builders, or build on the plots then resell it to residential home buyers. This process is usually done with the assistance of a real estate broker. The main challenge of this niche is the difficulties that investors face in requesting a variance from cities. [4]
A plat map that shows the location of a lot for sale. In the United States, a plat (/ p l æ t / [1] or / p l ɑː t /) [2] (plan) is a cadastral map, drawn to scale, showing the divisions of a piece of land.
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...