When you hear the word subdivision, what typically comes to your mind?
Do you think of rows and rows of neat, similarly-styled houses out in the suburbs? Do you think of large real estate developers profiting off the house-buyers of middle-class America?
If you do, you’re not alone. That’s by far the most popular definition of subdivision etched in the general public’s mind.
However, there’s a different kind of subdivision that regular property owners can leverage. In this article, we’ll answer the question of how does property subdivision work for small-scale property owners.
What is Property Subdivision?
Property subdivision is honestly fairly self-explanatory. It is the act of taking a tract of land and dividing it into two or more tracts of land. This can be typically done on any land of any size.
Now that you know what subdivision is, it’s time to explain the process that makes property subdivision happen.
How Does Property Subdivision Work?
If you want to subdivide your property, there are several things you will have to do. The first item on the agenda is to check local laws and ordinances. In some regions, there may be specific legal requirements that govern property subdivisions in your area. Without following them to a T, your subdivision may not be legally valid.
Typically, the first step is to create a legal definition of the individual tracts of land you wish to divide your property into. A legal description will define the boundaries and dimensions of each tract.
For this part of the process, you may have to call in a land surveyor. If you don’t have the previous experience or skills to correctly assess the length and breadth of a piece of land, professional help is a must in the subdivision process.
Once this is done, you will need to submit these documents to the local land office to record the division. The land office houses records of all the tracts of land in your area.
Now that you know what property subdivision is and how to make it happen, you may be asking yourself what all the fuss is about. Why should you go to the trouble of subdividing your land?
The primary reason people go through this process is so that they can sell off a piece of their land. They don’t want to sell off the whole thing, but perhaps only a less-used part of their land that they would rather convert to liquid cash.
If you’ve got a piece of land that you don’t want to have to maintain and pay property taxes on, then subdividing and selling it might be the way to go for you.
Will You Subdivide Your Property?
With this guide on how does property subdivision work under your belt, you should be far better equipped to decide whether or not you will subdivide your property. Let us know in the comments below!
For more real estate advice, be sure to take some time to check out the rest of the website!
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