Six Factors That Affect the Subdivision Potential of Your Property
Are you contemplating subdividing your land? Carrying out a subdivision is an excellent way to increase the value of the entire property and sell it off fast.
However, there are a variety of factors that influence the subdivision potential of any property. It is important to look into these factors so you can determine if a subdivision is a feasible project for you.
Here are a few crucial factors to consider before embarking on a subdivision.
1. Land Size
There are no general guidelines on the minimum site size you can subdivide. However, individual local councils may dictate what size of land has subdivision potential, so be sure to check with them before taking on the project.
2. Zoning Laws and Ordinances
Individual local councils use zoning laws and ordinances to regulate the use of land in their jurisdictions. Generally, land can be divided into three major categories. Land can be used for residential, commercial, or industrial purposes.
Before you can subdivide, make sure your intended land use meets zoning requirements for your specific site.
3. Access to Land
Local councils generally insist that owners of subdivided land should be able to access their property without problems. If you're looking to subdivide your land to allow for the construction of a large residential development, for example, be sure to leave enough space for a shared driveway.
If there are certain rights that other people enjoy over your land, then those rights must not be infringed by your subdivision.
For example, your subdivision must not deny people access to a street that is adjacent to your property or prevent them from drawing water from the property, if such was the right they've always enjoyed.
5. Restrictive Covenants
Certain private agreements between you and your neighbours may affect the subdivision potential of your land. If you committed to not subdividing your property when you bought it, for instance, then you'll be bound by the covenant.
6. Site-Specific Restrictions
Certain conditions that are specific to your site may affect the subdivision potential of the property. For example, a site that has a steep slope may require extensive and expensive excavation and land-grading to allow for any profitable development.
While a subdivision can be a profitable undertaking, there are various factors that you'll need to consider before you can execute the project. Talk to a land surveyor near you to learn more about your subdivision.