Florida’s real estate industry in general – and the development of property in particular – is heavily regulated and governed by zoning codes, comprehensive plans, infrastructure limitations and environmental regulations. Oftentimes, it is difficult for a prospective real estate developer to know exactly what he or she is buying.
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Why due diligence is important to Florida real estate developers
The development of real estate in South Florida is a very complicated matter.
It is regulated by comprehensive plans, zoning codes, subdivision regulations, environmental regulations and more.
So, before acquiring a property, you want to have a good understanding of what it’s capable of being developed into.
It’s important to do due diligence into areas such as:
- land use
- subdivision regulations
- environmental regulations
- code enforcement issues
Having an understanding of all this is when you can confidentally make a decision to acquire a property.
A Gunster attorney can assist you with all of these different facets of due diligence.