How land use Development affect businesses?
How land use Development affect businesses?
By Realtor Samuel Lao
Land use development can significantly impact businesses in several ways:
Zoning: Zoning laws determine what types of businesses can operate in specific areas, which can impact the success and growth of a business.
Access to customers: Changes in land use development can affect a business's access to customers, such as through the construction of new roads or changes in traffic patterns.
Competition: Land use development can bring in new businesses and competition, which can impact the financial success of existing businesses.
Location: Land use development can change the character of a neighborhood or community, which can impact a business's appeal to customers and its ability to attract employees.
Property values: Changes in land use development can impact property values, which can affect a business's ability to secure financing and make improvements.
Infrastructure: Land use development can also impact a business's access to essential services such as water, sewage, and electricity.
In summary, land use development can greatly impact the success and growth of businesses, and it is important for business owners to understand how these changes can affect their operations.
"About the Author: Samuel Lao is a Real Estate Broker with 14 years of experience in the field. He is a Past National President of the Philippines Association of Real Estate Board. He specializes in Real Estate Investment, Commercial & Industrial Real Estate, Property & Asset Management, and Real Estate Finance & Mortgage. For 1on1 Meeting, contact him WhatsApp at +639173236123 or laosamuel@yahoo.com, or visit his website at www.phmls.com"
Tags: Land Use Development Property Valuation Zoning Ordinance Land classification Appraisal value Market Value
