Although surveying has been around for years, some businesses and property owners forget that a survey is of vital importance to land ownership. Top businesses often claim to be a professional land sub division association with local experience in several types of surveying.
- Helps One Purchase Property
A land surveyor in Melbourne helps one decide if a potential land purchase is good or bad. A survey determines several things before purchasing a piece of land such as, whether or not the land is a flood-prone area or if the deed is shown to the owner by the seller truly reflects the correct size of the property.
- Helps With Construction
Whatever type of project one takes on, land surveying is ideal for construction projects as well. A construction survey can measure where to put a road, for instance, or the best area to place a building. When consumers deal with existing structures, that's where a building permit survey is necessary to continue with construction.
- Subdividing Land
A boundary survey is very helpful in either commercial or residential situations because it subdivides land into smaller portions. This type of survey serves businesses that want to sell off portions or families that have large areas of land and need to divide it among siblings or grandchildren for inheritance purposes.
Benefits of Subdivision
- Greater Flexibility
Consumers have the opportunity to retain some of the lands for rental income. Subdividing offers the best of both worlds, allowing one to sell off one property for immediate profit and use the other for ongoing cash flow. Selling one of the properties can also give one the capital to expand on the other.
- Greater Profits
Subdivision takes one property and turns it into two or more, meaning one has more assets to sell. On a large enough block in a desirable area, this could be a highly lucrative move. The land simply needs to be subdivided, develop each property and sell them all off.
ConclusionTo maximise the benefits, minimize the risk and get the most of the property, consumers are often recommended to contact a conveyancer when they’re ready to subdivide.
