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What is a Variance in Real Estate | Realestatepedia

Variance in Real Estate

Introduction

Discover the concept of variance in real estate with Realestatepedia. Learn how it affects property use, zoning laws, and development opportunities.

Ever fantasized about making significant modifications to your estate? Perhaps you desire to enlarge your residence or initiate a venture. However, you encounter zoning regulations as an obstacle.

That’s where a variance in real estate becomes crucial. A variance allows property owners to use their land in ways not typically permitted under zoning regulations. Let’s break down what variances are, their types, and how they work to help you achieve your property goals.

Understanding the Basics of Variance

Definition of Variance

A variance is a legal exception to zoning laws granted by local authorities. It permits property use or development that doesn’t conform to the current regulations. Think of it as a “get-out-of-jail-free” card for zoning restrictions, provided you meet specific conditions.

Importance of Variances in Real Estate

Variances provide flexibility, ensuring zoning rules don’t stifle creativity or practicality in property use. They enable unique projects to proceed while maintaining community standards and fostering balanced development.

Types of Variances

Use Variance

A use variance allows a property owner to use their land for purposes outside its current zoning designation. For example, transforming a residential property into a boutique café might require this type of variance.

Area Variance

An area variance deals with physical and dimensional zoning restrictions, such as building height, lot size, or setbacks. For instance, constructing an extension closer to the property line than allowed would necessitate an area variance.

Difference Between Use and Area Variances

A use variance changes how a property can be used. An area variance changes the physical rules for its development. Both are critical tools for property owners navigating zoning challenges.

When Do You Need a Variance?

Common Scenarios Requiring Variances

You might need a variance if you plan to:

· Build closer to property lines than allowed.

· Use the property for a non-permitted purpose, like opening a business in a residential zone.

· Develop on a lot that doesn’t meet minimum size or frontage requirements.

Implications of Not Obtaining a Variance

Ignoring the variance process can have serious consequences. These may include fines, legal issues, and having to stop construction or operations.

The Variance Application Process

Steps to Apply for a Variance

1. Submit an Application: File a formal request with your local zoning board.

Prepare documentation by including plans, drawings, and a written explanation of why you need the variance.

3. Attend a Public Hearing: Present your case and address concerns from officials and neighbors.

4. Await Decision: The zoning board will review and either approve or deny your request.

Documents and Information Required

Expect to provide property blueprints, zoning maps, proof of ownership, and evidence supporting your need for the variance.

Role of Zoning Boards

Zoning boards play a critical role in reviewing applications, ensuring variances align with local development goals, and minimizing negative impacts on the community.

Factors Considered for Variance Approval

Hardship on the Property Owner

The board assesses whether strict enforcement of zoning laws creates an undue burden or prevents reasonable property use.

Impact on the Neighborhood

Does the variance disrupt the area’s character or pose issues for neighbors? The approval process takes these concerns seriously.

Consistency with Zoning Objectives

The variance must align with overall zoning goals, such as preserving community aesthetics and protecting property values.

Advantages and Disadvantages of Variances

Benefits of Obtaining a Variance

· Flexibility to meet unique property needs.

· Ability to increase property value through enhancements or changes.

· Opportunities for innovative and practical property use.

Potential Downsides to Consider

· The application process can be lengthy and costly.

Approval does not guarantee success, which may delay or derail your plans.

Real-Life Examples of Variances in Action

Case Study 1: Converting Residential to Commercial

A homeowner obtained a use variance to transform their property into a cozy coffee shop in a residential area. The shop became a local favorite, adding value to the neighborhood.

Case Study 2: Building Expansion on a Small Lot

A family secured an area variance to build an additional room on their non-conforming lot. This allowed them to stay in their beloved home while meeting their growing needs.

Tips for a Successful Variance Application

Research Local Zoning Laws

Understanding local zoning regulations is crucial. Research them thoroughly to ensure your variance request aligns with existing rules.

Hire an Experienced Real Estate Attorney

An attorney can guide you through the process, help prepare documentation, and present a compelling case to the zoning board.

Present a Strong Case

Provide detailed explanations and evidence to show why your variance is necessary and how it benefits both you and the community.

Conclusion(Variance in Real Estate)

Variances play a crucial role in maneuvering through the intricate realm of real estate zoning. To expand your home, change how you use it, or fix certain problems, you need to understand variances. Applying for a variance can help a lot.

With careful planning, expert advice, and a strong case, you can turn your property dreams into reality.

FAQ For Variance in Real Estate

What is a variance in real estate?

A variance is a legal exception to zoning regulations, allowing property use or development that deviates from the rules.

How do I apply for a variance?

You need to file an application with your local zoning board, submit supporting documents, and attend a public hearing.

What is the difference between a use variance and an area variance?

A use variance alters how someone can use a property. An area variance changes physical rules, like height or setbacks.

What is the duration for obtaining approval for a variance?

Approval timelines vary but typically take a few weeks to several months, depending on your local zoning board.

Is it possible to reject a variance application?

Yes, the zoning board can deny the variance if it finds it unnecessary, harmful, or not in line with zoning goals.

 

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