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Updated about 6 years ago on . Most recent reply

Renee Burke's profile image
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Renee Burke
  • Member since Sep 19, 2018
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Renee Burke's profile image
Renee Burke's profile image
Renee Burke
  • Member since Sep 19, 2018
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Renee Burke
15
Votes |
30
Posts
Austin Real Estate Forum

Commercial zoning question

Renee Burke
Posted

Hello, what are the benefits and disadvantages of a current area been changed from residential zoning to commercial? How does it impact the homes in the area (in terms of taxes, property value, etc?

Austin, Texas
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Jason Hirko's profile image
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Jason Hirko
  • Lender
  • from San Antonio, TX
  • Member since Apr 11, 2016
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Jason Hirko's profile image
Jason Hirko's profile image
Jason Hirko
  • Lender
  • from San Antonio, TX
  • Member since Apr 11, 2016
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Jason Hirko
  • Lender
  • San Antonio, TX
1,511
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Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Renee Burke If the zoning of the property were changed to include commercial uses, the value of the property would likely increase as people like me would look at it's development potential. The downside is you could potentially have a bar or something next door... I guess if that's a downside?

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