Property owners may choose to subdivide their land for a number of reasons. Whether it is to provide increased profits and increase the value of the land or to divide it among several people, there are things to remember in order to make the process smoother.
First and foremost, find out how the subdividing process works in your area. There is not a list of set rules for subdivision of a property, so what works in one area may not work in another. Contact your local zoning or development office to get the information you need to to the subdividing properly.
Be sure to check for restrictions. Review ordinances, neighborhood covenants, and deed restrictions. Hire a real estate attorney and have them order a title review. You need to make sure there is nothing standing in the way of the plans for your property. If problems arise, you and your attorney can figure out the best solution. Remember, not addressing any issues can be disastrous when it comes time to sell! It can create substantial additional costs and legal issues. You won’t be able to transfer title to a property that is not being used in accordance with laws.
The next thing to do is to consult with an experienced real estate agent to discuss whether there is a market for subdivided lots in your area. They need to be priced reasonably when it comes time to sell. It is also wise to consult with an experienced builder who is familiar with your area and similar subdivided lots.
Study up on the zoning laws! Each municipality has its own guidelines for what they will or will not allow. Contact the State and Local Government for zoning information. Make sure the zoning laws allow for the intended use of the subdivided property. Some parcels or land are intended for residential use only, while others allow for mixed use.
You will need to have the property surveyed in order to draw up a plat map. This will property boundaries, easements and flood zones. You can now submit an application for subdivision of the property. If necessary, file a zoning waiver or variance. This may be needed in case the property is not eligible for subdivision.
All costs must be evaluated during the subdivision process. You’ll have to pay local fees which can be quite costly, so know research te cost of these fees prior to beginning the process. The entire process can be expensive, as you’ll be paying surveyors, title researchers and possibly an attorney.
You will have to make sure that all lots will have public road access and be serviced by proper utilities. The appropriate site development must be done in order to ensure that the additional lots can handle the capacity of the additional use. Allow for ample time to get the site development done, as it can be a very long process.
At this point, the subdivision needs to be designed. Contact planners who will assist with the designing.