Subdividing property involves dividing one piece of land into two or more sections to increase the value of the property. Subdivision of land, if done correctly, can lead to significant equity gains. The following are some of the factors you need to consider before subdividing your land in Australia.
The Shape of the Property
The shape and slope of the land will determine how many dwellings your property can accommodate. The shape of your property can limit access to the land. It can also affect the usable working space of the land. This can make construction impossible.
When choosing a property for development, you need to check whether there are allowances on the land. Inspecting the shape and slope of your property will help you avoid unnecessary restrictions and expenses. This is one of the reasons it is advisable to arrange for a survey of the land by a registered surveyor.
Get a Survey
Before you hand over your application for subdivision to the local council for approval, you should have the land inspected by a licensed surveyor. A land survey will check the boundary reconfiguration you are proposing. It will also review the lots you plan to create and any dimensions and setbacks of existing dwellings.
A survey is also crucial for identifying easements to the site. An easement is a property right allowing someone to use your land. For example, if there is a gas line running under your land, the utility company will have an easement to guarantee access to these lines. It is essential to know about these details when subdividing land.
One of the crucial steps when subdividing land is to understand the zoning requirements that affect your property. Many properties in Australia are subject to the residential design codes and individual policies of local councils. These policies set out standards like the minimum lot sizes.
These policies vary between different local councils. A single clause can affect your site's development potential. It is crucial to be familiar with zoning requirements because they determine the subdivision potential of your land.
Subdividing land has significant legal and financial implications. Before you rush to subdivide your property, it may help to research widely and engage a land surveyor to ensure you do it correctly. Some of the primary considerations you need to make include getting a survey of the property, determining the shape and slope of the land and reviewing the zoning requirements that affect your property.
For more information, contact a subdivision service.