Your Condo View – Enjoy it While You Can
- Author Jorge Lluch
- Published April 29, 2011
- Word count 366
Downtown condo living, complete with easy access to transit, shopping, a short walk to work, no maintenance yard and best of all, the view. It was the birds-eye view of the city, the mountains, and the breathtaking sunset that sold you on the place – no one mentioned it was only temporary.
What happens when the view that came along with your 33 story condominium disappears because a neighboring building is built only 18 feet away? That is what happened to Benjamin Shanfelder when he purchased a unit in the downtown Seattle Cosmopolitan building in 2005.
He realized that other condos were slated for nearby developments, but at the time, the height restrictions limited the number of floors of an adjacent building. The rules were changed and a 34 story condo was constructed right next door, eliminating Shanfelder’s view, sunlight and privacy. Whose responsibility was it to inform the new tenants that the city regulations had changed? According to city requirements, the developer and the adjacent property owners should be notified; however, future tenants are on their own to discover these new developments.
A new construction does not automatically assume the condo owner will lose their view. Different areas of the city have different separation requirements based on density. Some areas require no separation where as others mandate a minimum 60 to 200 feet.
Potential buyers cannot depend solely on their realtor or developer for zoning information. A bit of research before purchasing their property may save some nasty surprises down the road. Here are some areas to consider:
Get as much information as possible from the developers regarding nearby proposals for developments, zoning restrictions and whether they have invested in air rights for the surrounding real estate to protect views.
Visit the city planning office and look up the zoning laws for the nearby sites.
Look up the addresses for any project applications and add your name and email address to the notification list for changes or new developments.
Speak to the city planners about possible changes to the existing zoning laws.
Let your comments be heard at design review hearings about future projects.
Spend the extra money to hire a land-use lawyer to complete this due diligence on your behalf.
Downtown condo living, complete with easy access to transit, shopping, a short walk to work, no maintenance yard and best of all, the view. It was the birds-eye view of the city, the mountains, and the breathtaking sunset that sold you on the place – no one mentioned it was only temporary.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- When Life Hits Hard: How One Foreclosure Changed Everything—for the Better
- DSCR Loans Nashville, TN: Unlock Your Investment Potential in the Music City with Shop Rates
- What TRID, HMDA, and RESPA Mean for Your Mortgage Workflow
- 5 Best Mortgage Brokers for Bad Credit UK
- 7 Best Mortgage Brokers in Derby
- Top 5 Best Fee-Free Mortgage Brokers in UK
- Finding a Reputable Credit Company: Avoid Scams & Secure Finances
- 10 Questions to Ask Before Hiring a Credit Repair Service
- Costs of arranging a Mortgage in Spain
- Non resident Mortgages in Spain
- Effective Strategies for Paying Off Your Mortgage Faster
- How Does Equity Release Work?
- Florida First Time Homebuyer: The Indispensable Guide of Tips, Programs, and Resources
- How to Become Debit Free?
- Sellers Concession the Closing Cost Option
- Financing Short Term rentals with DSCR loans
- Why move to Roseville CA
- Simple Interest Mortgage Advantage
- Are Low Doc Commercial Loans available in Australia
- How to Obtain a Rural Agriculture Loan Quickly and Easily
- What is a Caveat Loan?
- Tips for improving your Credit Score before getting a Home Loan
- 3 Things To Look out for With An Equity Release Mortgage
- Manage your Debts by Refinancing your Current Home Loan
- How to Get a Home Loan with Unusual Employment or Income?
- 20 Effective Debt Consolidation Loans Tips with Bad Credit
- Tips for Choosing a Non Conforming Lender
- Why is a Good Credit Rating Important in Australia?
- Most Common Ways That People Fall Into Personal Bankruptcy
- How to Choose a Consumer Credit Counseling Agency?