City Planners and Commercial Real Estate Investors: A Love-Hate relationship

The last thing that you want to do as a real estate investor is to waste time and money on a plan that your city does not want. This can be extremely frustrating and in many cases investors find that there is a love-hate relationship between themselves and the city planners. You can avoid dealing with extensive problems by educating yourself in how to make sure that your project will be approved by the city planner. The most important thing that you should remember when dealing with commercial real estate investments is that your relationship with the local planner in your city is going to be very crucial to the success of your projects.



Some Succeed and Some Fail
Unfortunately some investors fail with their projects while others succeed. There have been many examples of cities that would deny one investors project, only to go on and approve the project of another. In fact, recently this actually occurred in my own home town. One investor had come up with a project that he felt was excellent and wonderful for the city; however, the city did not agree with him and denied his project. Interestingly enough, just a few short months later, another investor proposed a very similar project with a few key differences that ended up being well received and was quickly improved. So, why does one investor get denied while another gets approved? Well, a large part of this has to do with knowing what your city wants.


Know What Your City Wants
Knowing what your city wants is extremely important when you are a commercial real estate investor. In fact, if can make a key difference between whether your project is readily accepted or given the boot. Before you decide on a project you should take the time to find out in what areas your city is wanting to grow. Also find out what types of property the city needs more of. It is imperative that the projects you decide on are in the path of progress - the type of progress that your city is really looking for.


Article Source: http://www.superfeature.com