Pitfalls – Check Your Zoning
When looking to buy or sell a property, it’s important to follow local municipality zoning laws.
You must be cautious when you buy a property to use for a business. For example, as a guest house, home industry, AirBnB, law office, coffee shop etc.
Find out if it can be re-zoned first, as the property may only be zoned as “Single Residential 2”. This means that you can only use it as a domestic home.
If you want to use your property for any commercial purpose, you need to understand the local zoning laws.
If you are aware of any possible issues in this regard, get professional advice.
Legal costs can prove to be exceptionally high if you are contravening the law.
