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Opinion: Don’t let red tape strangle city development

Housing Wire

Consider, for instance, the following types of regulation, all of which increase the cost to build: Building height restrictions, designed by local property owners to lock in the status quo. Zoning rules, which limit the kinds of properties that can be built in certain areas.

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The Four Tests of Highest and Best Use

McKissock

Some questions to answer: How would the build or improvements compare to other local properties? For example, extensive upgrades could over-improve a property to the point that it is over-priced for the market.).

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Once this is settled, you can hone in on areas in Columbus offering commercial property in your price range. Now that you’ve found an area that interests you and offers local properties in your price range, it’s time to learn as much as you can about that area. Tip 2: Inquire About Infrastructure. Central Ohio had over $5.8

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. Below we’ve outlined the most common commercial property appraisal methods. Cost approach : Essentially, this technique equates the property value to the cost of constructing a replica.