What First Time Sub-Dividers Should Look Out for When Purchasing Land
Buying a section of land to subdivide is a big decision. There is the potential for excellent returns but it is a big investment, a long process and comes with many possible pitfalls. That’s why the team at Tararua Surveyors has created a list to help first-time sub-dividers purchase the right land in Wellington, Levin, Porirua or the Kapiti Coast.
Location
It’s true what they say, there’s nothing more important to a house sale than its location! If you are looking to purchase land that you then plan to sell, don’t go for a budget slice of land in the middle of nowhere. Do your research and make sure that your section is in a sought-after, safe and desirable spot.
Zoning and local regulations
Your specific zoning can make or break your subdivision plans, so knowing the local subdivision regulations will help you decide what land to purchase. If you’re in Wellington, Levin, Porirua or the Kapiti Coast, your local council should be happy to help you understand your zone.
Land size and shape
A section that doesn’t meet your zone’s minimum size requirements will get refused at the subdivision application, so it’s essential that you buy a plot of land that is big enough. However, it’s not solely about square meterage, there are rules around land width as well, so the shape of your particular slice of land is just as important.
Land slope
That piece of land you’ve got your eye on may seem to tick all the boxes – zoning, size, location - but make sure you take land slope into account. A sloping section can require major earthworks, retaining walls and piling, all of which can make building a new property extremely expensive or even impossible. Avoid getting stuck with a sloping section that you can’t build on by getting a professional land surveyor to inspect your land.
Stand Out Features
Attractive features on or near the section you want to purchase are a bonus. You’ll find that people are willing to shell out extra cash to secure a property with a sea view, is close to local amenities or is north facing.
Potential problems
There are plenty of things that can trip up first time land subdivision enthusiasts. Here’s a list of things to look out for:
• Large trees that will be difficult and costly to remove
• Easements, sewage and storm water drains for the new property
• Vehicle access and parking
• Hazard-prone land – ex vulnerable to flooding, erosion or contamination
• Title restrictions
• Existing dwellings on the land
For more information on buying land to subdivide, speak to the land surveying experts at Tararua Surveyors.