Have you ever wondered how to unlock the true potential of a piece of land? In this episode, I break down the concept of "highest and best use" and explain why it's one of the most powerful tools in real estate development. Together, we'll explore the four key factors—legal permissibility, physical constraints, financial feasibility, and maximizing productivity—and how they shape the value and future of any property.   I'll walk you through the challenges developers face, from navigating zoning laws and understanding market demand to working with local communities to gain project approval. Along the way, I'll share my own experiences and insights into what it takes to identify opportunities and create value in real estate. It's a deep dive into the balancing act between creativity, practicality, and social impact.   This episode is packed with actionable insights for investors, developers, and anyone passionate about real estate. If you're looking to uncover hidden potential in your next project, this conversation will give you the tools and strategies to get started. Let's dig in!   What you will learn if you listen to the episode:   - What is the law of highest and best use in real estate - Key factors that determine land value - How zoning laws affect property potential - Importance of market demand in land development - Challenges of getting project approvals in real estate - Balancing land use and community needs - How to find hidden value in real estate projects   SUPPORT US ON PATREON!    patreon.com/realestateeffect and become a part of our real estate family! You'll get access to exclusive content, monthly virtual meetings [Ask me anything!], special events, and more!   And please subscribe to the show, share it with a friend and send us feedback. Visit www.realestateeffect.ca and follow me on IG @monsaxel   Timestamps:   📜 Key factors that shape land value and potential (04:12) 🏗️ How zoning laws influence property development (07:30) 💡 Exploring financial feasibility in land projects (10:45) 🏘️ Balancing density and community acceptance (14:20) 📈 Uncovering market demand and emerging trends (17:05)   Connect with Axel Monsaingeon:   Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/ Website - https://www.realestateeffect.ca/ Facebook - https://www.facebook.com/realestateeffect/ Instagram - https://www.instagram.com/veryrealestateeffect/ Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw   Do you have any questions about your real estate journey?   Whether you're curious about navigating the complexities of development projects, dealing with financial challenges, or anything in between, I'm here to delve into the topics that matter most to you.    I invite you to submit your questions by visiting our website at https://www.realestateeffect.ca/ and clicking on the 'Send Voicemail' widget on the right side.   Your inquiries will help shape our upcoming episodes, ensuring we cover the real estate issues you're most interested in. 

Ver todos los episodios