Land is one of the most valuable and highly demanded assets, primarily because it is fixed in supply. Dividing a consolidated piece of land into parcels, lots or tracts is called a land subdivision. Land subdivisions are carried out with the ultimate goal of strategically developing or selling the parcels at a higher price.
Subdivision of land is a process that can be complex and that requires a lot of planning. It is, therefore, advisable to use a professional, licensed land surveyor to guide you through the entire process. Subdividing your land may carry various benefits. Below are a few essential benefits of having your land subdivided:
Subdivision of land will increase its marketability: Subdividing your land into smaller affordable parcels is likely to increase demand for it, taking to consideration the market needs. In addition, completing the subdivision yourself would save the purchaser the expenses and the risks involved if they were to do it on their own; this will increase its value as well as marketability and saleability.
Land subdivision will allow you save some parcels for yourself: Land subdivision will enable you liquidate unused/vacant land while still retaining ownership of the used tract. Land owners who have large pieces of land with no buildings or any property should cash in on vacant portions while retaining the parcels in use. Disposing of vacant parcels will enable easier management of tracts in use for commercial activities, such as residential plots. Saving some tracts for youreslf would also be strategic: keep in mind that land value increases with time.
It's easier to plan and manage your land when subdivided: Proper land planning and usage will ensure high productivity and returns. Unlike consolidated land, subdividing your land makes planning, management and project development less complex. You need to take into consideration the spacing and location of your land when planning for subdivision. To register high growth standards as a land owner, you need to invest in planning and management. Dividing your land into multiple plots is just a great way to begin the planning process.
Land subdivision may translate to increased land value: Selling single plots to a buyer or buyers will increase the worth of land, unlike selling your land as a whole. Taking into consideration the land demands and the local market conditions, dividing your land parcel into smaller plots increases its value.
Effective use of land as a resource is imperative to achieve growth in your land investments. Subdivision of land is one of the important activities to realise maximum usage of the limited resource. Keep in mind that subdivision of your land will aid your plan well.Share