Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 19 days ago, 11/14/2024

User Stats

221
Posts
57
Votes
Jamie Parker
  • Real Estate Investor
  • Memphis, TN
57
Votes |
221
Posts

Is a rezone required If availability study can support more density

Jamie Parker
  • Real Estate Investor
  • Memphis, TN
Posted

Just went under contract for a property. Seller is selling a portion of a 20 acre lot that has not been parceled yet. Under the current zoning (parcel viewer) the lot is zoned for 1 single family ever 40,000 square feet. I requested the water and sewer maps from metro, but this time it was different than usual. Maps redirected me to availability for a study to see if the current infrastructure can support further development. So obviously i will have to wait till Monday or Tuesday to hear back. I guess my question is, what happens if infrastructure availability is favorable? Level it as is or just wholesale it to a developer for them to work out all that? My goal is to provide as much value to the developer as possible by doing as much research as I can. 

Any thoughts. 

User Stats

127
Posts
72
Votes
Jamie Hora
  • Developer
  • San Antonio
72
Votes |
127
Posts
Jamie Hora
  • Developer
  • San Antonio
Replied

The question you pose in the title, "Is a rezone required if availability study can support more density".  Technically speaking, to develop with a higher density, then its an obvious yes that rezoning will be required.  

But I think you may be asking, should you do the rezoning, or leave it to the ultimate developer.  I would consider the jurisdiction you are in and the nearby existing development to gauge how this process may be.  Increasing density can often get strong reactions from residents if they disagree with it. 

Is the surrounding areas trending also with increased density? Does the City have Future Land Use Maps showing a higher density? If these are a Yes, then you'll have the support and backing of the City staff in your rezoning case.  In that scenario you could do the rezoning. (That's also assuming the higher density is what a developer is looking for in this area).

User Stats

221
Posts
57
Votes
Jamie Parker
  • Real Estate Investor
  • Memphis, TN
57
Votes |
221
Posts
Jamie Parker
  • Real Estate Investor
  • Memphis, TN
Replied
Quote from @Jamie Hora:

The question you pose in the title, "Is a rezone required if availability study can support more density".  Technically speaking, to develop with a higher density, then its an obvious yes that rezoning will be required.  

But I think you may be asking, should you do the rezoning, or leave it to the ultimate developer.  I would consider the jurisdiction you are in and the nearby existing development to gauge how this process may be.  Increasing density can often get strong reactions from residents if they disagree with it. 

Is the surrounding areas trending also with increased density? Does the City have Future Land Use Maps showing a higher density? If these are a Yes, then you'll have the support and backing of the City staff in your rezoning case.  In that scenario you could do the rezoning. (That's also assuming the higher density is what a developer is looking for in this area).

Thank you for pointing that out. Asking the right questions is vital to getting the right answer. In cold calling, have narrowed my focus since posing this question. "should a rezone be pursued" is exactly the thing that I ran into. Cold calling sometimes Topo maps and street view dont tell the whole story. I was able to drive the property a couple of days later, and I realized no i should not chase a rezone, and actually property similar to this will be removed from my list. 

About the availability study thing. That was my first time hearing that as a thing, never knew about it. Know I do. Thank you posting. 
BiggerPockets logo
Join Our Private Community for Passive Investors
|
BiggerPockets
Get first-hand insights and real sponsor reviews from other investors