Subdivision is a very simple term that encompasses quite a complicated legal process that can, at the end of it, make you a lot of money. If you have been approached by a land surveyor and asked about whether you would consider subdividing your property, you probably have a lot of questions about what this entails. Here is a quick outline so that you understand the basic process of subdivision and why you specifically were contacted about it.
How Subdivision Works
Subdivision sounds exactly like what it is: at its very basic level, it is one larger property being split up (subdivided) into smaller properties with distinct legal boundaries. These properties splinter off from your current, larger property and can have their own gas, plumbing, electricity and water attached so that they can be occupied. In some cases, people subdivide their property so that their family members can move in nearby, but most of the time, subdivision is done by land surveyors to create future developments for residential or commercial properties. For example, one large rural area could be turned into 10 individual plots of land that all could have a house built on them.
Why Should You Consider Subdivision?
There are a few reasons you should consider subdividing your property:
Often, it drastically increases the overall value of the same block of land. Instead of owning one property worth $500,000, you may end up with two worth $350,000 each. By simply changing the legal boundaries, you would have added $200,000 dollars in value.
When developers ask to subdivide your land, they will generally give you the option of staying on the property in one of the smaller, subdivided plots. Therefore you don't even have to move to make all this extra cash.
Why Do You Need A Land Surveyor To Subdivide Your Property?
Subdivision might sound simple, but as mentioned above, it takes quite in-depth work by legal professionals to get right. The borders have to be precisely mapped and you have to apply using the right forms (ensuring your area is properly zoned for subdivision) and also front up a lot of cash to get this all done. A land surveyor can help navigate you through this quite difficult process and take care of all the complicated legal jargon for you. While you could attempt to subdivide on your own, you are likely to encounter a lot more roadblocks that can be very costly and add up to more money than the land surveyor would have taken anyway.
