What Is a Conditional Use Permit in Real Estate?

If there's one thing most investors know, it's that zoning laws can inhibit land uses, but there are ways to get around them. For instance, a conditional use permit allows for an exception to a local zoning ordinance.

Below is a guide to how these permits work in real estate. Keep reading to learn more about what a conditional use permit is, how the process for obtaining one works, and why investors should consider jumping through hoops with their local planning board. Armed with this knowledge, you'll have a much better idea of whether getting a permit for your investment property is the right move for you.

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How to Calculate ROI in Real Estate

Learning how to calculate a return on investment in real estate can help you see if a property investment is worthwhile.

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The best real estate stocks have the potential to grow over the long term while continuing to offer the security of real property.

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The bottom line on CUP investment opportunities

At the end of the day, obtaining a permit is typically not an easy process. Most zoning boards require that any conditional uses support the general welfare of the community and that a comprehensive plan for these uses is presented at a public hearing. But if you are willing to jump through the hoops for getting one of these permits, it could have a drastic impact on your bottom line. You'll likely be able to command higher values than other nearby properties without a permit.

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