|
| Posted By |
Message |
Jackie24
~We Did it~
Member since 7/06 6718 total posts
Name:
Jackie
|
Real estate terms......
im a lil slow when it comes to the terms in real estate so i was wondering if some of you could help me out!
we are looking at property to build on......(obviously not in this area ) and under some of the properties it says things about variance and subdivision .....not sure what all that means(btw we havent gone through a realtor yet)
|
Posted 9/27/06 8:04 PM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
|
Re: Real estate terms......
Century 21's Tutorial on RE
Question: What is a variance?
Answer: It is a request made to your local jurisdiction to deviate from current zoning requirements. If granted, a variance will allow you to use your land in a way that is normally not permitted by the zoning ordinance. However, do not view a variance as something that changes the zoning law because it does not. Rather it waives a certain requirement of the zoning ordinance. For example, it may allow the owner of an odd-shaped lot to reduce slightly the setback requirements in order to accommodate a building, or permit the building of a gazebo in the back yard.
Real Estate Law
What is a subdivision?
A subdivision is just what the name implies: it is dividing a single piece of property into smaller, separate pieces or lots, usually to sell as a divided piece or to allow for future development. Commonly the proposed subdivision involves a series of events that include notice and comment by the public and hearings before area residents and government officials before approval is given.
*Where I live, in GA, a subdivision is a cluster of homes (it's called an urbanization in PR, where I'm from) under the same name. Like a mini community called "The Meadows". All the houses belong to The Meadows subdivision and may have strict HOA (home owner association) rules, and perks like a community pool, playground, tennis, etc. just for residents. It has its pros and cons because while you own your house and land, it's inside the development.
|
| Posted 9/28/06 10:17 AM |
| |
|
Jackie24
~We Did it~
Member since 7/06 6718 total posts
Name:
Jackie
|
Re: Real estate terms......
Posted by Eva Luna
Century 21's Tutorial on RE
Question: What is a variance?
Answer: It is a request made to your local jurisdiction to deviate from current zoning requirements. If granted, a variance will allow you to use your land in a way that is normally not permitted by the zoning ordinance. However, do not view a variance as something that changes the zoning law because it does not. Rather it waives a certain requirement of the zoning ordinance. For example, it may allow the owner of an odd-shaped lot to reduce slightly the setback requirements in order to accommodate a building, or permit the building of a gazebo in the back yard.
Real Estate Law
What is a subdivision?
A subdivision is just what the name implies: it is dividing a single piece of property into smaller, separate pieces or lots, usually to sell as a divided piece or to allow for future development. Commonly the proposed subdivision involves a series of events that include notice and comment by the public and hearings before area residents and government officials before approval is given.
*Where I live, in GA, a subdivision is a cluster of homes (it's called an urbanization in PR, where I'm from) under the same name. Like a mini community called "The Meadows". All the houses belong to The Meadows subdivision and may have strict HOA (home owner association) rules, and perks like a community pool, playground, tennis, etc. just for residents. It has its pros and cons because while you own your house and land, it's inside the development.
thank you!
|
| Posted 9/28/06 12:59 PM |
| |
|
Potentially Related Topics:
Currently 268552 users on the LIFamilies.com Chat
|
Long Island Bridal Shows
|
