Avoiding Real Estate Development Landmines

Real estate developers and investors who have been in the business for any length of time often use a variety of labels to describe the planning and zoning departments of the cities where they develop projects.

These labels may be as simple as “pro-growth,” “anti-growth,” or “costly.” Or they may refer more to the process or the manpower: “understaffed,” “backlogged,” “efficient” or “well-managed.”

If the word is out that a city’s planning and zoning department isn’t up to snuff, it can certainly damage the municipality’s reputation and ability to attract quality development. Would-be real estate investors must do their due diligence to know what they’re getting into before they buy land and start the often long process of new construction.

Click to read more on www.forbes.com