The planning commission of Grand Prairie is responsible for making recommendations about rezoning applications, special permits, site plans, etc. to the City Council. Several divisions work under this planning commission which affects the real estate industry. Here are the roles played by the planning commission that has direct influence on the real estate market.
1. It provides long-term planning, comes up with development strategy and analyzes demographic trends in order to plan rezoning activities. It looks at the overall development of the city.
2. It scrutinizes the construction of various facilities, both public and private, within the city. It makes sure that all the properties are constructed following the local and national building codes. It ensures the safety construction of properties in the city.
3. It monitors capital projects and provides consultation services. Design, survey, inspection, etc. are done by the planning commission’s engineering services division. It sees whether the buildings are constructed in compliance with the city standards.
4. It reviews the various building permits and environmental quality so that the health of the city people is protected. It makes sure that proper building permit is acquired for new construction and remodeling activities. Asbestos surveys, inspection of water supply and sanitation system are done to ensure that there is no risk to the health of the people of Grand Prairie.
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The planning commission plays a very important role in the real estate industry. It helps in the development of the city and ensures that all the construction works are done according to the rules and regulations set by the City Council.
It can be alluring to buy a modern house. But with all those modern features, it can be an expensive investment. To some people, old homes carry special value. They have a unique appeal that is absent in the modern houses. It is a good idea to invest in an old house for several reasons.
Old homes are usually 10% to 20% cheaper than new homes. Even after doing some renovation and repair works you will still be able to save a lot of money by buying old homes.
2. Solid construction
The developers today look for ways to cheat the customers by using low quality materials for construction. But the old homes were constructed using very high quality materials. The old homes are much stronger structurally and can withstand any kind of natural disasters like earthquake or storm.
3. Bigger lot size
In old homes, the area outside the building tends to be large. So, you will find a huge backyard and a front garden where you can plant flowers. You can spend good times with your family sitting in the backyard. You can set up some outdoor activities for kids as well. In the modern houses, the lot space is smaller and there is no scope for such outdoor activities or landscaping.
The features of old homes are very unique. The construction materials they use are of very high quality. You can easily renovate the features of the old home you want to change without spending a fortune. So, investing in an old home is actually a smart decision.
Many people are afraid to invest in the luxury property market. It is a small market but high investment is required. However, this niche is growing and more people are now interested in investing in this lucrative sector. If you are thinking of investing your money in the luxury property market then here are some good reasons to do so.
High investment value
Though it is expensive to invest in the luxury property market, it will give you high returns as well. The value of luxury properties increases at a greater rate than the other properties. There is now high demand for this type of property.
High level of comfort
If you are buying a luxury home for yourself then you will get ultra comfort living here which you won’t get anywhere else. Smart technology will be a common feature of this property. All the features of the home will be very special.
Luxury homes are usually located in a safe neighborhood. There are trained security personnel and the entire house will be equipped with the modern security system. So, you can stay safe all the time.
Opportunity for international investment
Many people think of buying a second home in another country. These projects give several benefits like residency permit, exempt from annual property taxes, etc. There are lots of opportunities in international market, like building a hotel in a tourist intensive location. You will have the chance to earn lots of money during holiday seasons.
The luxury property market is different now. The market size is increasing and more people are investing in it. You shouldn’t miss such outstanding opportunity as well.