When you hear the term nonconforming in real estate, it may sound negative—but it’s not always a bad thing. In fact, understanding what this term means can help you make smarter decisions when buying, selling, or investing in property.
In a recent episode of Nolan’s News, Nolan Formalarie, broker with Discover NC Homes, shared insight into what nonconforming really means and why it’s an important consideration in certain transactions.
“Nonconforming simply means a property doesn’t fully meet today’s established zoning or building standards,” Nolan explains. “For example, an office building may not have the number of parking spaces required by current code. That doesn’t necessarily make it a bad investment—it just means you need to know what you’re dealing with.”
Why Does It Matter?
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Appraisals: Appraisers often note if a property is nonconforming because it may affect its marketability or financing options.
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Zoning & Future Use: If you plan to expand or renovate, nonconforming status could limit what you can do.
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Buying & Selling: Buyers should be aware of these details before making an offer, and sellers should disclose them upfront.
Watch the Full Video
Nolan breaks down the concept in detail and shares a real-life example from his own office building.
Need Real Estate Advice? Contact Nolan Today!
Whether you’re buying, selling, or just curious about the local market, Nolan is here to help you navigate every step of the process.
📞 Call Nolan at (910) 363-4387
📧 Email: nolan@discovernchomes.com
🌐 Visit: www.discovernchomes.com
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