How Town Planning Benefits Businesses

Although town planning is often underrated, the activity keeps towns sustainable and functional through various periods. Business owners, in particular, benefit tremendously from town planning. This article details how businesses benefit from town planning. 

Zoning

Zoning is the process of dividing the town into several districts. Typically, it sets residential, commercial and industrial districts. Zoning benefits businesses in several ways. First, since all businesses are located in the same area, it becomes easy to connect with support businesses. For instance, a retailer could want banking services to deposit or withdraw cash or a contractor might require a lawyer's services when drawing contracts. This proximity between the various businesses makes it easy to conduct business. 

Secondly, it allows businesses to take advantage of the numerous customers who visit the commercial district to seek the services of other businesses. For instance, a restaurant could take advantage of clients visiting a bank. Conversely, a car wash service could source clients from a parking lot. Finally, zoning helps improve the quality of services and products businesses provide. Typically, it becomes easy for clients to compare and contrast the services offered since businesses are located close to each other. This compels businesses to improve their services. 

Retaining And Increasing Real Estate Prices

For many businesses, people leverage their property to secure loans to grow their companies. As such, they often rely on the property's appreciation to take advantage of its equity. Town planning helps properties retain their value. Typically, the town plan incorporates a building code that determines the building standards, height and use of buildings. Combined with the zoning regulations, they guarantee property appreciation. For instance, if you built an appealing building in the city centre, its value could depreciate if surrounding buildings were not up to standard. Besides, the town plan ensures that each building has access to essential amenities such as water, drainage and power. Buyers and people looking to lease property often assess these factors before signing purchase or lease contracts. 

Transportation

Transport is a vital concern for any business. Poor transport networks discourage clients from visiting your business premises. Besides, they often cause downtime since it is difficult to get to the office on time. Moreover, businesses in the manufacturing or processing industries cannot ship their products to the various markets. An effective transport network makes it easy for companies to operate efficiently. 

Town planning benefits businesses through zoning, retaining real estate prices and ensuring effective transport networks.

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