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Town Watch – Local Planning & Development Updates

HST Town Watch Series

 

 

 

Local planning decisions often shape the future of a town long before they show up in real estate statistics.

Town Watch is an ongoing Home Selling Team series highlighting planning, zoning, land use, and development discussions across Eastern Connecticut communities. These updates are designed to help property owners stay informed [...]

Town Watch: Mansfield CT Housing Pressure, UConn Growth, and Zoning Discussions

The Standard Mansfield Storrs UConn CT

Mansfield, Connecticut continues to experience housing pressure driven largely by the presence and growth of the University of Connecticut. As enrollment levels, student housing demand, and rental patterns evolve, local zoning discussions increasingly focus on how the town can balance student housing needs with long-term residential [...]

Tolland CT Land Use Discussion and Potential Real Estate Impact

HST Home Selling Team Town Watch

Recent discussions in Tolland CT regarding the potential siting of a state-operated juvenile detention facility have sparked community interest and raised important questions about land use, transparency, and local [...]

What “Highest and Best Use” Actually Means for Landowners

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If you’ve spent any time around real estate — especially land — you’ve probably heard the phrase highest and best use.

It sounds important.
It sounds official.
And it’s often used without much explanation.

In reality, highest and best use (HBU) is one of the most misunderstood concepts in land valuation — and one of the most critical.

This post explains [...]

How I Actually Evaluate Land Value (And Why Guessing Is Expensive)

Brian McCarthy HST Home Selling Team

By now, two things should be clear:

  • Land is fundamentally different from houses
  • Value can’t be determined until buildability and highest and best use are understood

Yet this is where many land valuations still go sideways.

Someone pulls a few “comps,” averages the numbers, and calls it a day.

That approach works poorly for land — and often costs owners real [...]