2007-12-05 07:05:26 · 6 answers · asked by illinoisgirl 1 in Business & Finance ➔ Renting & Real Estate
You look for land that has the zoning for the type & density of the units you wish to build. If you have to ask that kind of question, you need to partner up with an experienced developer in your area.
2007-12-05 10:57:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Neither, actually. Most cities or municipalities have assorted zoning relative to housing. Commercial or light commercial normally means 'business with traffic'. Then there are residential areas which are designated for single family dwellings only, light residential (usually duplexes) and dense residential (complexes)
These vary widely from area to area, so you would need to check the municipality zone codes where you would desire to develop this project to see where it would fit in their plans.
2007-12-05 07:15:21 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
depends on the size of the apartment community, anything over 4 units is considered commercial. be aware the mortgage rates are higher for commerical than residential, you need more down payment and are tougher to get. if you are looking at more than 4 units it has to be zoned commercial. tip-dont build near gas stations and auto shops lenders hate them be it commerical or residential
2007-12-05 07:19:47 · answer #3 · answered by donald e 4 · 0⤊ 1⤋
Multi-family residential
2007-12-05 07:23:34 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
residential but that's in Alabama so check with your local building authorities
2007-12-05 07:13:36 · answer #5 · answered by Rick K 2 · 0⤊ 0⤋
check with that towns zoning committee/board - every place is different
2007-12-05 07:23:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋