Residential Real Estate and Zoning Codes

South Carolina Real Estate | Charleston Residential Real EstateResidential real estate includes any real estate property that has been designed and zoned specifically for living purposes. Any real estate property that has been developed for non-businesses purposes may be considered residential real estate. This may include multi-family houses, single-family houses, condominiums, town homes, cooperatives and certain apartments. Residential and commercial zoning codes typically limit the type and volume of real estate that can be built in one area. Residential zoning laws may also decide:

  • Acceptable home pets
  • Noise levels
  • Rules for home-based businesses
  • Parking restriction
  • Security and surveillance codes

Real Estate as an Investment

Apart from the value as a physical place of living, residential real estate can also act as an important investment tool. It is also important to remember that the purchase of an additional home is not the only time to consider real estate as an investment. Even new homeowners can take smart and careful steps to allow their first home to be an appreciating asset.

While real estate investing may not be as simple as purchasing a stock or bond, it can be one of the most lucrative investment decisions with proper real estate transaction counsel. Our Charleston real estate transaction attorneys can provide legal counsel to individuals, professionals and families with purchasing residential real estate as an investment.
The most important rule to real estate investing is to understand the market. This simple precept can be more difficult to practice than it would appear because residential markets are ever-changing, fluid organisms. Residential markets still express subtle but key characteristics that can be used to evaluate the overall behavior of a market, neighborhood or area. Our Charleston real estate transaction attorneys can also provide support clients who would like to better understand residential market trends and explore an undervalued area in an effort to “flip” the property for a profit gain.

The key drawback to real estate investing is illiquidity, or the conversion of property back into cash. Real estate investing should still not be quickly dismissed though as it can be an excellent investment tool with the proper experience. Our Charleston real estate transaction lawyers are available to answer any residential real estate questions to help our clients make wise investment decisions when buying a home.