The purpose of the R-1 Residential District is to protect, insofar as possible, the existing and future investment and to promote development in accordance with acceptable density standards; to prevent the overcrowding of land; to facilitate the provision of public facilities necessary to the health, welfare and general convenience of the public; to preserve public open space; to exclude incompatible uses; to reduce congestion on streets and highways; and to create conditions conducive to carrying out the purpose of this chapter.