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Land divisions are a vital component of real estate development. Most people will subdivide their property to increase its market value or create new developments. So how do you divide land? Below are some useful tips.
The primary benefit of a market survey is that it will help you determine the viability of your venture. Your survey should evaluate the following:
Check The Subdivision Laws
Assess the subdivision laws in the locality. For instance, what are the current zoning regulations? It would be illegal for you to build commercial property in an area zoned for residential developments. Contact the local lands office and inquire the following:
Hire A Subdivision Contractor
A subdivision contractor will help you divide the property. Your contractor must be experienced and licenced to provide land subdivision services. Contact the contractor's customers to determine the contractor's work ethic and quality. The professional should have reasonable terms. Typically, they should inform you how long the subdivision will take. Besides, they should have adequate insurance to cover employees and subcontractors at the site.
The professional should visit the site to determine how they will conduct the subdivision. For instance, they should create a subdivision plan detailing the number and size of plots in the new subdivision, the location of critical amenities such as roads and drainage systems.
When dividing property, conduct a market survey, check the subdivision laws and hire an experienced subdivision contractor.
To learn more about land divisions, contact a local subdivision contractor.Share