Which feature would be the most desirable for Wesley when investing in a single lot?

Prepare for the Investment SAE Exam with comprehensive study material and practice quizzes. Take advantage of flashcards and multiple choice questions, complete with hints and explanations. Get exam-ready today!

In the context of investing in a single lot, recent or imminent rezoning to a higher use is often the most desirable feature for an investor like Wesley. Rezoning can significantly increase the potential value of a property, as it can allow for more profitable developments compared to the property's current zoning classification. For instance, if a lot is currently zoned for residential use but is set to be rezoned for commercial development, the financial returns from future projects could be considerably higher.

This prospective increase in value is appealing because it represents an opportunity for appreciation. Investors are generally interested in properties that offer the potential for growth and higher returns on investment, making imminent rezoning a critical factor in decision-making.

While other features such as proximity to major highways, current market price, and size of the lot are important considerations in real estate investment, they do not offer the same transformative potential as the capability to change the use of the land. Enhanced zoning can open up more lucrative avenues for development, making it a key aspect of investment strategy.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy