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 simplified by following the following tips:
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 across the property you want to buy. Before you subdivide the land, you must acquire the free and clean land.
Research the zoning ordinances in your area
Explore and learn more about county records for all zoning ordinances in your area and familiarize yourself with city utilities. Work with a title and abstract company to do an intensive title search on the property, if you don’t already own the property. This will provide you with information on the current status of the property. In addition, you will be able to discern if there are ties filed against the land. Working with a title and abstract company allows you to first verify the title before purchasing 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 your findings, dimensions, and measurements against county records to find a blue line surveyor to provide an officially authorized description of your property. In the event that you have already purchased the property, you should measure only the part of the land that you wish to subdivide from the rest of the property that you own.
identify the division
Decide how you want your land or a portion of your property to be subdivided. If you want to divide the entire real estate property into individual lots, you need to work with a land surveying specialist again. For 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.
Flat Property
Once you and your surveyor have subdivided the property, you must level the property once you have completed your property development plan showing the entire subdivided parcel of land. Then file the plate with the county tax office. This process is also a way to let the tax office know that the land is being developed and will be changed from taxing as acres to individual parcel assessments in the coming years.
Sell Subdivided Property
Once you’ve finished the steps above, you can now start selling portions 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.