Your Condo View Enjoy it While You Can
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Enjoy Your Condo View While You Can
Living in a downtown condo offers convenience, with easy access to transit, shopping, and work, along with the added pleasure of stunning views. Many are drawn to the panoramic cityscape, majestic mountains, and breathtaking sunsets. But these views might not last forever.
Imagine the disappointment when a neighboring building suddenly obstructs the view from your 33-story condominium. This is exactly what happened to Benjamin Shanfelder in 2005, when he bought a unit in Seattle's Cosmopolitan building.
Initially aware of nearby condo plans, Shanfelder believed the existing height restrictions would protect his view. However, changes in regulations allowed a 34-story building to rise next door, blocking his view, sunlight, and privacy. This raises questions about who should inform buyers of such potential changes. Although developers and neighboring property owners are notified, future tenants must often uncover these changes themselves.
Not every new construction will impact condo views, as separation requirements vary by area based on density. Some regions have no required separation, while others mandate distances between 60 to 200 feet.
Potential buyers shouldn’t rely solely on realtors or developers for this information. Conducting thorough research can prevent unpleasant surprises:
1. Gather Information: Ask developers about neighboring proposals, zoning restrictions, and whether air rights have been secured to protect views.
2. Check Zoning Laws: Visit the city planning office to investigate zoning regulations for nearby properties.
3. Stay Informed: Track project applications and join notification lists for any updates or new developments.
4. Engage with City Planners: Discuss potential changes to zoning laws directly.
5. Voice Your Concerns: Attend design review hearings to express your views on future projects.
6. Consult a Professional: Consider hiring a land-use lawyer to ensure thorough due diligence.
Doing your homework can help protect the investment in your view and ensure you enjoy it for years to come.
You can find the original non-AI version of this article here: Your Condo View Enjoy it While You Can.
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