Hello! I would like to give you the warmest welcome to my blog. My name is Pete and last year, I decided to carry out some home improvements. Somewhat foolishly, I decided to try and carry out the work myself. As you can imagine, it was a bit of a disaster as I do not have many skills. Thankfully, I have a friend who works in the construction and contracting service. He called in some of his friends who were able to come in and fix up the mess I had made. I am really pleased with the results so I thought I would write about it here.
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Whether you have recently bought a large tract of land or have come into it as part of an inheritance, the first thing you may be considering is developing the property through construction. However, before you begin making plans for a massive building complex or perhaps constructing your first home, you may want to consider land subdivision. Subdivision provides landowners with a host of benefits that you may not be aware of if you have never been a landowner before.
Having a professional land surveyor by your side will not only ensure that you embark on this in accordance to your local building codes, but they will also advise you on how to maximise the resources available to you. Read on for ways in which land subdivision would be advantageous to you prior to property development.
Land subdivision can make your property more profitable
One of the primary reasons why landowners resort to the subdivision of their property is that this measure can significantly boost the profitability of the lot. If you are not looking to develop the land on your own, you may have considered selling it off. However, selling off the entire piece of land in one go would not be as profitable compared to dividing the land into smaller lots that can be sold to multiple buyers. Therefore, if you would like to make your land more valuable to you, you should consider land subdivision.
Land subdivision enables you to keep some property
Another reason land subdivision is a viable endeavour is when you would like to profit from your lot but also want to keep some land to yourself. Through land division, you get the flexibility to liquidate your asset without having to sell the entire property. Thus, you could make the money that you would need to develop your property, which means that the investment, in essence, will pay for itself! Moreover, if you keep some land for yourself, you also increase the chances of making a more significant profit down the line as land values improve with time.
Land subdivision can enhance the marketability of your lot
A surprising benefit of land subdivision is that it can help in making your lot more marketable. With land prices skyrocketing, purchasing a large lot may not be financially feasible to the average Australian. However, when you break down the parcel into smaller lots, you make the property more affordable, which results in increased selling opportunities.
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