There are people who make a considerable profit from real estate subdivision. Subdividing and developing a piece of land seems very difficult to do on your own, however it can be made easier by following the tips below:
Acquire Property
Basically, you cannot subdivide and sell a parcel of land if you do not rightfully own a certain piece of property. Perhaps you already own the parcel of land or perhaps you have stumbled upon the property you wish to purchase. Before subdividing the land, you must acquire the free and clean land.
Research the zoning ordinances in your area.
Explore and learn more about county records to find out all the zoning ordinances in your area, and become familiar with city utilities. Work with a title and summaries company to do an intensive title search for the property, if you don’t already own the property. This will provide you with information about the current state of the property. In addition, you will be able to discern if there are any links presented against the earth. Working with a title and extract company allows you to first verify the title before purchasing the real estate.
survey the earth
Inspect the perimeters and boundaries of your property. A preliminary survey is carried out as a fundamental step in your purchase process, which will be carried out by a certified surveyor. In this phase, the surveyor reviews his findings, dimensions and measurements against county records to find a blue line surveyor who will provide an officially authoritative description of your property. In case you have already acquired the property, you should measure only the part of the land that you want to subdivide from the rest of the property that you own.
identify division
Decide how you want your land or a portion of your property to be subdivided. If you want to divide all the real estate into individual lots, you need to work with a survey specialist again. To make your measurements, take a look at the individual lot sizes. You need to identify where the streets would be located and how much space you want to divide each parcel. Also, provide an area for right-of-way, utility easements, drainage areas, or park areas.
Floor The Property
Once you and your surveyor have subdivided the property, you must pave the property after you have completed a development plan for your property that shows the entire subdivided parcel of land. Then, present the plate to the county tax office. This process is also a way to let the tax office know that the land is being developed and will change from being taxed as acres to individual parcel assessments in the coming years.
Selling the Subdivided Property
Once you have finished the steps above, you can now start selling parts of your real estate. A title company can help you with the legal paperwork, and a real estate agent can help you market the property.
