There are many reasons to seek rezoning; as a real estate investor, you are likely to encounter the need for rezoning, typically when developing land for specific purposes, be it housing developments or commercial enterprises, industrial, agricultural, or a mixed-use.
Zoning is often outdated, and commissioners are perfectly willing to update zoning.
Be prepared for unexpected hurdles; it takes time, planning, and patience when you rezone a property in Conway. The process can also be very expensive. You’ll need to prepare for the expenses involved; however, it is difficult to nail down the exact costs to rezone a property in Conway due to the many variables. Therefore, it is wise to have an experienced team assist you with every step of the process. There are even different boards that will have to approve each step of the way if you are in a particular area. Read on as we explore how to rezone a property in Conway.
Rezoning Steps
Review
Review local ordinances before starting the process to rezone a property in Conway. You must keep the point of view of city planners or any neighboring property owners in mind as you consider your rezoning plans; you don’t want to step too far out of sync. This is crucial. Knowing the cities plan of expansion always helps!
Apply and Pay
Apply for the rezoning with the planning office, explain the plans you have and the details to rezone a property in Conway, and be prepared to pay the application fee with an acceptable payment method.
Timing
Pay attention to the timing of review board meetings and turn in your application before the cutoff date for the next meeting. If you aren’t careful, it can be up to 8-9 weeks of waiting time if you miss your chance to put in your application. These costs can add up!
Public Notice
You may need to publicize the date, time, and location of the public meeting. Signage is sometimes need as well.
On-Site Inspection
Meet the rezoning assessor at the property
Board Findings
The zoning board should mail you a letter assessing their findings and any suggestions to be undertaken or disputed at the public meeting.
Public Hearing
Attend the hearing and await the final vote. As you plan your project to rezone a property in Conway and when you may get started, you should be aware that should the rezoning require official legislative updates, there may be delays after the approval. Again, hidden costs could incur.
Appeal
If the board denies your application, you can hire a zoning attorney and appeal the decision in court.
Costs
Assembling Your Application
There will be costs associated with creating your plans for submission and any supporting documents to help your case with the zoning board. Pay attention to your message, communicate clearly and take this opportunity to get the board to understand the benefits of your proposal to the community. A well-thought-out presentation can make the difference in winning over the zoning board and save you valuable time and money. For this reason, it is more than worth working with a team of pros, like those at Clear Property Management LLC, to get it right the first time. We have been there before.
Application Fee
Calculated by property size, the application fee can cost hundreds to thousands.
Site Signage
A notice will need to be posted and updated on site.
Revisions
If necessary, you may incur costs for revisions to your rezoning plans and supporting documents, depending upon any suggestions from the board.
Public Notice
There are fees associated with publishing your notice regarding the rezoning hearing. Mailing letters to your neighbors within a certain feet could be required as well.
Legal Documents
Should any legal documents be required, you may encounter attornies fees for this service.
Letters of Credit/Bonding
Again, if necessary, you may encounter costs associated with presenting your letter of credit to the board stating the length of time the letter of credit lasts, typically a year, providing security that the project has enough funding to be completed.
Appeals
Finally, appeals requiring legal assistance cost both time and money.
Clear Property Management LLC
If you are in the market to rezone a property in Conway to better suit your plans, Clear Property Management LLC can help you find a parcel of land to accomplish your goals. Working with Clear Property Management LLC to rezone a property in Conway makes the process easy for investors like you. And don’t forget to ask about our current inventory of the best investment property available in Conway. With Clear Property Management LLC, you hire an entire team of experts who know how to get the job done! Contact Clear Property Management LLC at 501-642-0202.