The division of a single land property into many parcels is known as subdividing. The two main reasons why land is divided are to distribute the property among family members or to sell off a portion of it for a profit. Real estate investors, on the other hand, decide to subdivide land in order to raise its value.
Although the idea of subdividing land is straightforward, in fact it can be very difficult due to the numerous stages and compliance with numerous laws and norms. You may find a summary of the subdivision services and some fundamental details regarding how much it costs to divide land below.
The Fundamentals of Land Subdivision
Even though you might also be interested in subdivision for other reasons, such as donating land to family members, many people opt to subdivide land so they can sell or develop the various lots for profit. The method is outlined in the following as a guide, regardless of your motivation for subdividing property.
- Make The First Plans: Contact your local planning and development office to learn about any restrictions or rules that you’ll need to abide by after making sure there are no liens on the land that will be divided.
- Create A Plan For A Subdivision: Develop a plan for how the land will be split, including the number of subdivisions and how roads and power will reach the properties, with assistance from a developer, civil engineer, or other qualified professional.
- Hire A Land Surveyor: A plat map of the property must be created by a land surveyor. The divided area will be depicted on the plat map along with information on the availability of utilities, sewage, a road network, etc.
Submission of Paperwork for Approval:
The original plat map and other required documents are submitted to the appropriate government agencies for approval. Depending on the land, your subdivision plans, and environmental regulations, obtaining agency permission may take some time and necessitate the submission of additional paperwork.
The cost of subdividing land is extremely difficult to predict precisely because so many different factors are involved. To begin with, the size of the land, your location, and the intended use of the property all have a significant impact on subdividing prices. Other costs related to property subdivision could be:
- land survey
- legal costs
- fees for applications
- Cleaning up the area
- utilities provision
- inspecting costs
- Permit expenses
Simply splitting a backyard may easily cost $25,000 to $50,000 or more when all costs are taken into account, including the surveyor’s fee of about $1,500 to $2,500.
Ask your surveyor to speak with local authorities to learn what is permitted and what is necessary. Once your project has been approved, you can contact specific contractors to discuss clearing property, building roads and driveways, and setting up utilities like sewer, power, and water. Finally, you’ll know for sure how much subdividing land will cost.