There are people who make a considerable profit by subdividing real estate. The subdivision and development of the land seems very difficult to do on your own, however, it can be simplified by following the tips below:

Acquire the property

Basically, you cannot subdivide and sell a parcel of land if you are not the rightful owner of a certain property. Perhaps, you already own the parcel of land or perhaps you have stumbled upon 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 to learn about all zoning ordinances in your area and to become familiar with city utilities. Work with a title and abstract company to conduct an intensive property title search, in case you are not already the owner of 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 links filed against the ground. Working with a title and summary company allows you to first verify the title before purchasing real estate.

Inspect the land

Examine the perimeters and boundaries of your property. A preliminary survey is performed as a critical step in your purchasing process, which will be performed by a certified surveyor. In this phase, the surveyor examines your findings, dimensions, and measurements along with county records to find a blue line survey that will provide an officially authorized description of your property. In case you have already acquired the property, you should inspect only the part of the land that you want to subdivide from the rest of the property that you own.

Identify the division

Decide how you want your land or part of your property to be subdivided. If you want to divide all of the real estate into individual lots, you need to rework with a surveying specialist. 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 rights of way, utility easements, drainage areas, or park areas.

Apartment The Property

Once you and your surveyor have subdivided the property, you should plan the property once you have completed your property development plan showing the entire subdivided parcel of land. Then file the plan with the county tax office. This process is also a way of informing the tax office that the land is being developed and will be changed from area tax to individual parcel assessments in the coming years.

Sell ​​the subdivided property

Once you are done with the steps above, you can now start selling parts of your real estate property. A title company can help you with the legal paperwork and a real estate agent can help you market the property.