subject: How to Subdivide Your Investment Property Half Land, Double Profits! [print this page] Make double the money by halving your land with real estate dividing, subdividing property blocks and splitting land. The key to making efficient and effective real estate subdividing solutions is through careful research and employment of expert contractors. Getting the right numbers on your budget through careful examination of the parameters of your property will bring winning results!
To conduct a small subdivision is not just profitable, but very educational as well. This is the perfect entry point for an investor to become a Developer. By hunting for deals that involve a small subdivision you'll be overwhelmed with opportunities. The most intelligent way to go about it is set a plan to isolate deals with a land area no greater than 6000m2.
This way, depending where you've located the deal, it will yield no more than 10 blocks/lots. It keeps the deal very profitable, but also manageable. Use the advanced reports' section of RP Data to locate properties from 2000m2 to 6000m2 and target them with the view to an Option. With the option in place, set the task of appointing a Town Planner that will execute the Development Application. In short, this key person will be responsible for the application itself along with all the necessary information generated by the appropriate consultants.
It is important to get expert investment property advice when subdividing your land. This includes the services of town planners, registered quantity and building surveyors, architects and specialist property development firms. Maintain good rapport with all contacts and industry professionals for future projects.
For a small subdivision you'll need the following consultants:
Civil Engineer
Architect
Hydraulic Engineer
Surveyor
Traffic Consultant
With the support of a strong Town Planner, your involvement should be minimal throughout the Approval period. Generally, I will attend the first round-table meeting where all consultants meet in order that they can get a feeling for the project and what is involved. It's also a fantastic way of airing' parts of major concern and formulating solutions from the beginning.
Be sure to get accurate site assessment that documents quantifying and estimating property dividing and building costs as well as project management services. Getting these figures close to actual budget will ensure efficient and successful build quality.
Once the approval is granted, the property increases considerably in value. My experience has always been to target older areas that have a larger land component.
I typically want to option property with a large block and an old existing home. This way the seller can maintain the residence whilst we obtain the approval and we can also sell the original house on a smaller block in the new estate. If necessary, even renovate the old house so that it's in line with the new estate.
For real estate dividing advice, be sure to get your free information from Real Estate University. Get motivated with real results coming from proven strategies that transform investment portfolios. Real estate subdividing is just one creative investment strategy to increase your wealth, Property Options has more innovative property investment to change your perspective of property investment.
How to Subdivide Your Investment Property Half Land, Double Profits!
