If you are a property owner looking to increase the value of your property, subdivision might be the right option for you. Subdivision is the process of dividing a piece of land into two or more smaller plots, with each plot having its own separate title. This can significantly increase the value of your property, as you now have multiple titles that can be sold separately.
A guide to subdivision in NSW can help you understand the process and the steps involved in subdividing your property. Subdivision can be a complex process, so it is important to do your research and consult with professionals such as land surveyors, town planners, and solicitors before proceeding.
The first step in the subdivision process is to conduct a feasibility study. This study will help you determine if your property is suitable for subdivision and if it is financially viable. Factors such as zoning laws, site constraints, and potential costs associated with subdivision should all be considered during the feasibility study.
Once you have determined that your property is suitable for subdivision, the next step is to prepare and submit a development application to the local council. The development application will include a detailed proposal of how the land will be subdivided, as well as any other necessary documentation such as site plans and surveys.
If the council approves your development application, the next step is to obtain a subdivision certificate. This certificate gives you permission to subdivide the land and create new titles. The subdivision certificate will also outline any conditions that need to be met before the subdivision can be completed.
After obtaining the subdivision certificate, the final step is to register the new titles with the Land and Property Information (LPI) office. This will officially create the new separate titles for each plot of land. Once the titles are registered, you can sell the individual plots separately, potentially increasing the overall value of your property.
There are several ways in which subdivision can increase the value of your property. By creating multiple titles, you can sell each plot separately, potentially increasing the overall sale price. Subdivision can also increase the rental yield of your property, as you now have multiple properties that can be leased out individually. Additionally, subdivision can make your property more attractive to potential buyers, as they now have the option to purchase a smaller plot of land.
In conclusion, subdivision can be a great way to increase the value of your property. By following a guide to subdivision in NSW and working with professionals, you can successfully subdivide your property and unlock its full potential.
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https://www.straightlineplanning.com.au/
(02) 7228 0013
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StraightLine Planning Town Planners and Architects specialise in council approvals all across NSW. Our experienced architects and planners can make your DA or CDC application a breeze.
