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Five tips to help make the subdividing process simpler
Subdividing a property can be a rewarding undertaking, yet the process can sometimes be complex and confusing.
The following tips detail five key considerations to help make subdividing a rewarding experience rather than a frightening one.
Feasibility and zoning
It is important to consider the feasibility of your subdivision project, including factors such as the size and shape of the land, access to services and infrastructure, and any environmental or ground constraints that may affect the project.
It is key to consider whether the land is zoned for subdivision, and whether there are any regulations or restrictions that may affect the process. To assist, you may wish to engage a planner or consult with local council to ensure that you understand any zoning and regulatory requirements that may apply.
Survey and subdivision plan
To subdivide a property, you need to engage a licensed surveyor to prepare a subdivision plan that meets all council requirements. This plan outlines the new boundaries and any easements or covenants that may apply. Sometimes surveyors will work with planners who can advise on planning aspects of a subdivision.
Infrastructure and services
Subdividing a property may involve the installation or upgrade of infrastructure and services, such as water, sewage, and electricity. It is important to consider the costs and logistics of these upgrades and ensure that they are included in your budget and timeline.
Financing
Subdividing a property can be a significant financial undertaking, and it is essential to consider your financing options carefully. This may include seeking funding from a bank or broker, or (depending on the scale of the subdivision) partnering with other investors to share the costs and risks of the project.
Legal and regulatory compliance
There are a number of legal and regulatory requirements that must be met when subdividing a property in New Zealand, including resource consent, building consent, and compliance with the Building Act 2004 (if building is applicable to the subdivision) and the Resource Management Act 1991. It is important to engage a lawyer who has a thorough understanding of these requirements to assist with the process.
Haigh Lyon can assist with advice when subdividing or purchasing a property to make the process simpler. Contact Shaun McGivern on [email protected] or 09 306 0623.