Splitting a land parcel may be a time-consuming process, but there are many benefits to partitioning your land. By doing so, you can split your land into two or more residential lots, depending on the size of the property. This can turn into more profit for you as you rent out or even sell those lots. Selling subdivided land parcels often brings greater value for your property than selling the entire parcel as a whole. Also, if you have a large extended family, splitting your land can allow all of you to live in close proximity to each other.
If you plan to split your land, it’s best to create a rough draft of how the property will be divided. Draw an outline to represent the land parcel that is being split. Then draw division lines on the parcel to represent how it will be divided. If there are measurements that relate to how large each section should be, note those on the map.
So, you need to split a parcel.
What do you need to know before you begin ? Before dreaming of subdividing, you need to check your local zoning. You’re looking for the minimum lot size. You can’t subdivide land zoned for one-acre-minimum lots into 10,000-square-foot lots. Assuming you’re allowed to subdivide, the exact process depends on your local jurisdiction and your project’s complexity. For a simple subdivision, splitting a two-acre lot into two one-acre lots, then most likely you only will need to have a plat drawn, approved, and recorded at the courthouse. You will likely also have to pay an application fee.
Things like city zoning and HOAs may have legal precedence to prevent you from accomplishing the goal of splitting your parcel. You’ll need 2 new legal descriptions. Without legal descriptions your attempts at splitting your parcel will be ambiguous at best. Then you need to tell the county to change their records accordingly. The county will require a document to be signed, notarized and recorded before they even look at you. In this document, is where you showcase your newly acquired legal descriptions.
In addition to meeting legal requirements, often with the help of a real estate attorney, make sure the plan you create makes sense for where you live. If your plan is to rent or sell your subdivided lots, make sure you make them the size and with the amenities that people will want. If it helps, you can meet with a local real estate agent to get the rundown in your area.
Once everything is submitted, you must wait for approval before you can proceed with your project. You may have to make some tweaks before proceeding and getting final approval, or you may be given the go ahead from the initial application.