There are some circumstances in which homeowners or investors in real estate may look into subdividing residential properties to chase some extra profits. The processes and regulations for how this works vary from location to location, so if it’s something you’re interested in pursuing, your best course of action is to contact the planning and development office that oversees your specific area. However, there are some general guidelines you should be aware of if this is going to be a task you pursue.
Here’s some information to consider, from a professional land surveyor in Mobile, AL who has worked on these types of projects many times before.
Should you subdivide your property?
Before you look into how you subdivide your property, you should spend some time considering whether or not it’s actually a good idea. There are some circumstances in which dividing a property into multiple residential lots can increase the value of the land. Some smaller lots may be easier to sell than larger lots, so you could get more interest in the property.
However, there are some risks that could affect your decision. You need to make sure you do your due diligence. Your property may or may not even be eligible for subdivision. And even if it is eligible, you shouldn’t make any decisions until you’ve done some research into land values and market conditions. You should also have a clear scope of work in mind. It’ll be much less complicated to divide a smaller property into just two lots than it is to divide properties that are larger than an acre into three or more plots.
Know what to look for
If you decide to move ahead with subdividing your property, it’s important you know what to look for. Check for restrictions on the property, making sure there are no local ordinances or deed restrictions that could prevent your plans from coming to fruition. It’s a good idea to do a title search to look for outstanding liens or claims.
You should also consider how the market will impact your property. Are lots actually selling in your area right now? At what size and price are they selling the best? What do professional builders recommend about property usage on your land?
Finally, make sure you understand zoning issues and other requirements. Even if there aren’t any restrictions that stop you from subdividing the land, there are still zoning and subdivision laws that could affect how you proceed.
Once you’ve put enough thought and research into subdivision of your property and secured a property line survey in Mobile, AL, you can then begin designing the subdivision. Here, you should hire a civil engineer or developer to actually design the property for you, based on your desires and needs. The plans include how the land will be divided, the number and size of each subdivision and how roads will get to the properties.
For more information, contact Polysurveying today to speak with a professional land surveyor in Mobile, AL
Categorised in: Commercial Surveying
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