Renovating a residential piece of real estate to make it suitable for commercial use can be an excellent investment. That said, it’s a costly and time-consuming endeavor — so you want to make sure you get every detail right. Find out what you need to take into account.

5 Steps for Taking Real Estate from Residential to Commercial Use

1. Ensure Your Plans Don’t Infringe Zoning Ordinance

Before you start drawing up blueprints or talking to contractors, get the necessary zoning permission. Municipalities use zoning to govern what purpose land is used for. For instance, you probably won’t be allowed to open a noisy nightclub on a quiet residential street.

2. Check the Necessary Planning Regulations

There may also be local legal considerations regarding the actual physical plan for your project. For instance, there could be rules about the appearance of the façade. A historical city block of brick-front buildings could require other structures to fit this mold.

3. Create a Precise Cost Projection

You need to consider zoning and planning paperwork fees, as well as an array of renovations costs, including labor. Changes in pipes, energy lines, façade, access points, and parking are just a few of the items that may need adjustments. Depending on the extent of changes needed, in some cases, it’s cheaper to build new than renovate.

4. Consider Safety-Related Legal Codes

Any commercial property will also have to take into account certain safety precautions. Fire codes, for instance, will require a certain number of exits, as well as a minimum number of smoke detectors and fire alarms.

5. Get A Real Estate Attorney

Depending on the type of project you envision, there will be other elements to address. If you want to open a restaurant, for example, there is the issue of health codes. A real estate lawyer can ensure that nothing slips through the cracks and takes care of the paperwork, allowing you to focus on the business side of your future endeavor. 

For an experienced real estate attorney in Griswold, CT, trust Stuart R. Norman Jr. Known for his hands-on approach, this lawyer has more than 40 years of experience helping clients realize their real estate dreams. Whether you are buying your first home or need help navigating zoning laws, he has the knowledge you need. You can learn more about his experience online. For an appointment, call (860) 376-0069.