What You Need To Consider Before Land Sub-Division In Australia
Posted on: 24 February 2020
Subdividing land is simply dividing your property into two or more separate areas to add value to the property. Many people implement this strategy with the aim of extracting immediate equity from their asset. Before subdividing your property, there are certain considerations you should make to avoid future costs and legal battles.
Feasibility Study
Before you set out to develop the land, perform a feasibility study. This plan outlines your goals and objectives and any potential risks and profits. It also features the timetable for the project. The plan gives you a guideline for your entire project and helps you to track your goals and avoid certain losses.
Zoning Information
Zoning information can be acquired through your local authorities. This information will guide you on the rules to follow to get planning approval. The approval helps you advance your plans for property subdivision. The zoning codes will inform you about the following:
- The average and minimum site area for every dwelling
- The maximum plot ratio
- The size of the courtyard area
- The average and minimum setbacks
The Shape and Slope of Your Block
The shape and slope of your block informs you how many buildings your property can accommodate. The shape and slope of your property can render the area unfit for certain buildings. When you are developing land, it is advisable to check for allowances on that piece of property to avoid restrictions and financial impediments.
Water, Power and Sewer Services
While the shape and slope of the land present restrictions on your subdivision, major services like water affect your expenses. If the land's topography does not have the right gradient for basic services to perform correctly, it will cost you a fortune to make the required changes and ensure successful development. Furthermore, some areas have guidelines on developing land.
Legal Counsel
To be on the safe side, you should seek legal counsel before subdividing your property. There are many laws and legal implications that come with the subdivision of property. You may be required to make several applications and obtain permits. For example, for you to subdivide your land, you need to make an application to obtain a planning permit. Make sure you consult your lawyer about the laws and requirements that affect the subdivision of your property.
Summing It Up
Land subdivision is a complex process that must be approached cautiously. Knowing what considerations to make when subdividing property will ensure that you are successful throughout the process. Furthermore, working with an experienced lawyer will prevent any setbacks and mistakes that may come to haunt you in the future. Contact land division professionals to learn more.
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