If you own a significant tract of land, you may want to make as much money as possible from your investment. You could choose to develop it on your own and build some property or properties that can achieve a certain yield, or you could potentially make even more by thinking about division. While there are many elements to take into account here, what do you need to look at from a construction and preparation point of view?
You will certainly need to deal with a lot more complexity if you decide to divide the land off to individual parties. You will have legal considerations, of course, and will need to get the relevant permissions from local authorities. Fundamentally, however, you need to ensure that your plans are practical and this will involve the input of engineers, architects and builders along the way.
Whenever you build any type of property on a given tract, you need to ensure that the underlying soil is suitable, that you take into account natural and artificial drainage, and that you protect any mature trees or other features already in place. You can multiply this work if you intend to introduce separate buildings, all of them individually owned by third parties.
Questions For Your Contractor
Talk with your building contractors as you begin to draw up your plans.
- Will you need to schedule major earthworks to prepare the land for access?
- Will you need to build up any retaining banks to take into account natural fluctuations?
- How far will you have to go with drainage to compensate for the natural lay of the land, water tables beneath, or nearby land that is much higher?
- Can construction equipment get to and from your worksite without any major issues, or will you need to get in touch with adjacent landowners for their input?
Remember, you will also need to bring in the utility providers and ensure that they can install the relevant services to each individual plot without a major problem. Some developers overlook this important communication in the early days, only to find out that an issue could turn out to be a game-changer.
As you look for advice and support, choose a contractor who has experience in complicated land division projects. This will help you progress and may answer many of your specific questions before you commit.
For more information, contact a land division service.