Illinois Real Estate Continuing Education Courses - ILLINOIS School License: 562.000257
IL 3.0 hours Valuation, Marketing, and Listings - Course Syllabus
3.0 Elective Hours
Zoning and deed restrictions can have a profound impact on the value of land because it dictates its use.
Zoning is commonly regulated through local government such as counties or municipalities. Zoning could include restrictions on property use such as residential, commercial, industrial, or agricultural. Zoning also dictates density such as a multi-story high-rise, setbacks from the street or other boundaries, and even how much landscaped space and how much paved space is allowed.
Deed restrictions place a limit on the use of a property. They are also known as covenants or conditions. Deed restrictions are most common when new construction subdivisions are built. Builders and developers place restrictions on the deed with the purpose of maintaining standards for the use of the property within a development. There can be many types of deed restrictions such as no commercial vehicles or recreational vehicle parking allowed, restrictions on the type of out buildings allowed and even the type of landscaping.
This course will provide you a greater insight on how zoning and land use restrictions might affect the marketing and/or value of a property and help you develop good marketing strategies to reach a target buyer.