Land is an asset that, with few exceptions, will always appreciate in value. You may have realised this if you were lucky enough to get your hands on a large tract some time ago, as you would sit on it and wait for the right opportunity to expand. This land is ideally situated on the edge of an expanding town or city and other developments may have sprung up all around it in recent time. As these other developments have moved forward, the infrastructure in the area has also improved and it appears to be the perfect time for you to jump on the bandwagon. How can you subdivide your land to best effect so you make as much money as you can while providing a valuable resource?
Time for Action
You've done the right thing by waiting for the area to develop, as this will undoubtedly have elevated the value of your land at the same time. Certainly, you may have been able to subdivide the property before by suggesting the future value to a new owner, but that may have been based on roadways, utility supplies and other infrastructure which, at that time, had not been built.
Approve and Facilitate
To move forward, you should talk with your local council and with those utility suppliers to make sure that they can, indeed, approve or facilitate your project. You want to know whether each property can be 'hooked up' to electricity, water, gas or sewer lines and make sure that the council is happy with your development plan.
If you are to maximise your investment and subdivide your property as efficiently as possible, then you've got to approach this the right way. This means that you should bring in a land surveying service at the beginning so that they can assess your project.
A qualified surveyor will be able to determine whether there are any constraints, zoning restrictions or overlays, and they can give you an idea of how much all of this would cost. They will tell you whether your ideas are practical and will give you their feedback based on previous projects so you can avoid any pitfalls and be able to move along as efficiently as possible.
You may have sketched your ideas out on paper, and they might look very appealing to you. However, you now need to get expert input to see whether it's all practical in the long run.