Are you a landowner who is thinking about subdividing your land into residential lots? In this second of three articles on the topic, you can learn about subdividing land from the real world experiences of a real estate lawyer and developer. Be sure to check out the first article in this series that describes the common benefits and risks of subdividing your land. As noted in that article, some of the benefits may include: Increasing the total value of your land, Providing you the flexibility to keep your home, but still get income from selling your extra land, or Boosting…
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Subdividing Land: Tips for Landowners from a Developer (Part 1 – Evaluate)
Learn to evaluate the risks and rewards of subdividing land into residential lots. In this first of three articles on the subject, a developer and real estate lawyer provides landowners specific items to evaluate when considering whether or not to subdivide land. Come back for the next articles in this series that provide insights for landowners based on the author’s real world experiences with the subdivision process, as well as a hands-on description of the steps landowners should take when subdividing land. Why Subdivide My Land? Sub·di·vide (v.): to divide into several parts; especially: to divide (a tract of land) into building…
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