Does highest and best use simply mean whichever use earns the most money?
Staff Q&A from the 63Hours team.
Задавайте понятные вопросы по курсу недвижимости Флориды и находите ответы по материалам курса.
Does highest and best use simply mean whichever use earns the most money?
Staff Q&A from the 63Hours team.
Not without the other conditions. A proposed use must be legally permissible, physically possible, financially feasible, and maximally productive among the feasible alternatives. A profitable-looking project that zoning prohibits does not pass that analysis. In the course's examples, test the assumptions before jumping from a larger potential value to the conclusion that redevelopment should occur.
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Discussion prompt: Which condition could disqualify the proposed use before comparing returns?