You must have come across a large portion of land that’s been subdivided. Land subdivision divides land into several portions, and many landowners have different reasons for doing that.
This article will discuss reasons why one may decide to subdivide their land.
To Increase The Value of Their Land
Even though developing land is a great way to increase the value of your land, it will cost lots of money. You may not have that money in your hands. You can increase the value of your land by subdividing it into smaller portions. Depending on the status of your local market, by creating more portions of your land, you will have many buyers who may be willing to buy each portion at the price you mention. This is different from when you could be selling it as one to one buyer.
To Keep Some Portions Of Land To Yourselves
Do you want to give some portions of your land and keep some for yourself? Subdividing it will be a great way to achieve that. You just have to identify the portions you want to give out and the ones you want to keep. Then call a surveyor to do the subdivision according to the sizes you desire. The most common scenario of such a situation is when one wants to split the land between children or dependants. The size of the land portion given to each person will depend on what’s written on the will in case the person is deceased.
Selling Some Portions Of The Land
You can subdivide land if you want to sell a particular portion to a willing buyer. In most cases, divided land portions are sold to developers who want to build properties according to town planning. Many landowners have realized that subdividing land is more beneficial than selling it as a whole, and that’s why the demand for land has gone up because, for many people, a portion is cheaper than the whole land.
Downsizing Your Home
Sometimes one can be forced to move because the property they own requires lots of effort or money to maintain. The scenario might be against your will because maybe you are so attached to the property. In such a case, subdividing the property would be the most ideal thing to do. This will reduce the maintenance level since the size of the garden will also be reduced.
People subdivide land when they want to keep some portions or sell part of their land. You can also subdivide the land to increase its value, or downsize your home for easier maintenance. Nevertheless, regardless of your reason for subdividing your land, you need to follow the right procedures and deal with professionals. These will ensure the subdivision process is correct and successful. The real estate in Kenya is full of mistrust and fraudsters, but with Denver Group Limited, you are guaranteed delivery for your Title Deed once you complete payment. To invest in Ruai plots for sale, call us: 0701 730 267.