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RES 450 Week 3 DQ 2 -
Change in Zoning
You complete an appraisal and estimate a well-supported value opinion; however, the client calls and informs you that the zoning of the property may change. The client now wants to know how the value would be affected. In 300 to 350 words, address the following:
- How would the value conclusion of a given appraisal would change if the property zoning was changed from residential to commercial?
- How would the land value analysis change?
- How can we determine if the property is in its highest and best use now that the land-use regulations have changed?