As various states, counties, and municipalities continue to work on infrastructure, rezoning, conversions, disposition of properties, and property tax issues, we continue to see more and more variations on possible approaches. One important consideration is that there is not a favored method for resolving these issues.
One glaring example appears in the below linked article about different possibilities for South Dakota. A task force member and Senator comments about not wanting “too many people to move here because of a favorable tax situation”, as if more activity would be a bad thing. Meanwhile, other municipalities are adjusting zoning regulations and offering tax incentives to encourage local growth, whether commercial, residential, or both.
Real estate investors and developers can benefit greatly by knowing where to look and what is pending. Being “first in” with that information can be more important than the numbers specific to a property or transaction. There are situations where today’s prices and/or rates may not be as significant as the impact of owning or leasing a property five years from now after key changes have taken effect.
Having a research person or team knowing what it takes to go beyond the property numbers can make or break a future project.
Posts
No comments:
Post a Comment