How can you make the most of your land divisions?

28 April 2020
 Categories: Construction & Contractors, Blog

Have you bought a piece of land that is bigger than you need? Maybe you bought land to build a property but only need a portion of the land for yourself. Perhaps you own a company that is downsizing or outsourcing their production work, leaving a large part of the site vacant. Having land that you aren't using can be an expensive problem. You still have to pay to maintain the land, but it doesn't provide you with any source of income. If that is your situation, what can you do? In many cases, the best option is to look at creating land divisions by subdividing the land into smaller lots.

How to benefit from your land

When you want to gain some benefit from your property, creating land divisions is a good solution. You can split your property into lots and then sell off the individual lots either as plots for building or with homes already built and ready for the new occupants to move into them.

Plots vs. properties

There is no right answer to the question of whether you should sell the empty lots or build the homes first. Building properties on your land divisions will make you more money in the long term than selling the empty plots will, but it will be a longer process, and it does carry more risk since you must hire building contractors and pay 'upfront' costs for the construction. What is certain is that whatever result you want to achieve will be easier to reach if you are working with a professional consultant who has completed similar work many times in the past and knows exactly how to carry out each task involved in the process.

How a professional can help

Creating land divisions isn't as easy as you might think. You can't just get out a pencil and ruler and start drawing lines on the map. You will have to think about what size each property needs to be. You must decide how the new owners will access the property and how the water, electricity, and other utilities will find their way to the homes. Finally, you must think about whether you will need to construct a new road to connect your new land divisions to the public highway. A qualified professional with the right experience will be able to help you answer these questions.

To learn more, contact a contractor that does land divisions.