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it depends on the Zoning regulations in your country
for the City Area like New York City it's ok to have commercial and residential built in the same place or near each other. these are only applicable on areas with compact population
but for the not so populated areas local governments along with their civil engineers goes with a zoning plan for a livable city... most cities build Central Business Areas for commercial establishments while the surrounding areas were residential houses.
this zoning would benefits the community living in the area to avoid community issues such as noise pollution and crimes.
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Is a bed breakfast residential or commercial property?
A bed and breakfast should be considered commercial property. Residential property is classified as single home dwellings not for business use.
What does rental real estate mean?
Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.Rental real estate is any property for which the owner receives payment by another for use or occupation of the property. It can be commercial, storage, industrial, residential or vacation property.
Can you have residential property and commercial property on the same land?
In some areas you can have residential property and commercial property on the same land. It will depend on what the area is zoned for. Some areas are strictly residential, some are strictly commercial, and some are mixed.
Are Apartments a commercial property?
No residential.
Is a vacation rental residential or commercial property?
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Commercial property outside the property line, impact the price of residential property, including proximity to schools, essential services and neighborhood amenities.
What is the difference between residential property and commercial property?
Residential property is primarily used for living purposes, such as houses, apartments, and condominiums, while commercial property is intended for business activities, including offices, retail stores, industrial buildings, and warehouses. The distinction lies in their intended use, with residential properties serving as homes for individuals and families, while commercial properties are utilized for generating income through commerce and business operations. Additionally, zoning regulations often separate residential and commercial areas to maintain distinct land uses and property values.
How many houses are in foreclosure?
1. Commercial Property 2. Residential Property
Can a state certified residential appraiser appraise a commercial building?
A certified residential appraiser can appraise any residential property with up to four units, regardless of value. However, they cannot appraise a commercial property.
Is commercial property worth more that residential?
It depends on a lot of things such as location and size of the property. However usually residential property is more expensive.
What is involved in trying to change residential property to commericial property?
You end up dealing with different clientele. Also only certain properties can be converted from residential property to commercial property. You cannot change a house to commercial property without changing the entire layout.
Are property usually higher or lower in a residential area than a commercial area?
Property prices are generally a little higher in a designated residential area rather than commercial areas. This is due to the more genteel nature of residential zones.
