Dishing the dirt on development
Perhaps you’ve been wondering if your big back lawn can be subdivided or if a plot of land you’re interested in would house multiple lots. You may have been dreaming about the possibilities for some time but the process and ‘getting started’ just seems a bit too daunting and hard. We get it! We’ve been there ourselves.
Why subdivide?
Subdividing is an awesome way to add value to your property. It also sets you up with many advantageous options going forward. You could sell the section to help repay your current mortgage, you could build a new dwelling then sell one or both properties, or better still, rent them both out to increase your income stream. Whether you have just acquired land or have been thinking about this idea for a while, it is a big step that can come with many hurdles and headaches if not handled correctly.
Is it feasible?
There are many contributing factors to whether or not you can subdivide your property, with the main one being your local council’s district plan. They will have rules and standards that have to be met before you can proceed with your subdivision.
Turnkey & Co can carry out an initial assessment and feasibility report to see if any development to the land is even possible. From there, other things that will need to be considered are the size of the section, vehicle access and utility servicing. These are things like supply of power, telephone and water. If you get the green light from the council, you will then need to move through the consent process. This is a timely process and is often subjective to the individual project and is something to consider when taking on a subdivision. As well as uncertain time frames, there are also financial commitments to meet along the way. Then there is the cost, which can really vary in terms of how complicated the project is. We can help by completing a preliminary breakdown and a relative timeline to ensure a clear plan and avoid multiple trips to site and the council.
At Turnkey & Co, we have had many years to learn the steps of subdividing and have built relationships, knowledge and a firm understanding of the process from start to finish. Any kind of land development is a very complex process that can lead to time and financial pressures. Turnkey & Co can advise a plan, guide you through the process, step by step, minimising risk and any budget blow outs along the way. Remember - you don’t have to know it all to make that first step, you just need to find the right people who can help!
Get in touch today. We would love to help kick start your subdivision!