I have recently bought a large parcel of land and am now finding that I would like to find how can I subdivide it into 5 acre tracks to make some money?
2006-08-16 23:37:04 · 7 answers · asked by nicedayrus 2 in Business & Finance ➔ Renting & Real Estate
First you will need to have a surveyor to survey it out into 5 acre plots. You will then have to have a lawyer draw up deeds to each plot. That will not have to be done until the plots are actually sold. If there are no access roads to the plots you will have to grade some. Sewage and water lines might have to be run, if they are available.
2006-08-17 00:05:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As the other posts stated, you'll need to get a surveyor out there. I would suggest, though, that you contact your attorney and talk about this with him/her. Are there zoning restrictions in your area? I've had that problem with property I've developed. In addition to a surveyor, speak with an architect or at the least, a builder who can help you decide if 5 acre plots are the best way to subdivide this land.
Good luck, it sounds like you're going to make out well!
2006-08-17 01:56:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Before you go out spending money on surveyors and contractors. Drive to your local Planning Department and ask them. Ask if your property is in the General Plan. Ask how much it would cost to rezone your property. They will give you an outline on how to proceed. Some require you to go in front of the county/city board to plead your case. But at least the FREE advice from your local Planning Department is better than paying Lawyer and Surveyor Fee's to find out that you cannot split the parcel because its not in a zoned area for rebuilding. Good luck!
2006-08-17 07:07:21 · answer #3 · answered by Openthathouse.com 4 · 0⤊ 0⤋
Knowledge is the root of all success and luck favors the prepared mind.
The first thing you need to know is what the rules are in splitting land in your county. Go to your county's web site they usually list the rules and regs about splitting land once you know what you can and can not do then talk to the surveyor. If they don't have the rules listed on their web site go to your county office and ask for the rules and regs, they are usually available for a minimal fee. The surveyor might have suggestions to you on how to go about it and what sizes the lots should be, but if you do not know what the rules are and how they will affect you economically positively or negatively you won't be able to make a wise decision on any suggestions that your surveyor will make.
2006-08-17 02:37:48 · answer #4 · answered by newmexicorealestateforms 6 · 1⤊ 0⤋
Before you go to the expense of getting a suveyor...go the city planning dept and see what you would need for subdivision and possibly rezoning from vacant to residential/commercial depending on intended end use....subdivision is a process (you may be limited as to # of lots you can get based on electric/water/sewer etc) You can actually get a land development loan to finance this, so check with the first..........
2006-08-17 07:48:18 · answer #5 · answered by boston857 5 · 0⤊ 0⤋
hire a surveyor and have him to do all the leg work to see how many 5 acre tracts you will have.then advertise your property and have a price set by someone who knows about undeveloped land prices.shot for at least 50% profit or more.land isnt made any longer.so people will pay for it.
2006-08-17 01:26:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋
properly by technique of your question I actually ought to assert great abode with small land. My abode is a minimum of 5000 Sq. ft. (It grow to be a 2 relatives) And my property, oh properly in uncomplicated words 1 / 4 acre. yet i love all of it a lot. I stay in a great community with good friends.
2016-11-25 22:11:24 · answer #7 · answered by ? 4 · 0⤊ 0⤋