Planning on subdividing your lot?
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If you are looking to purchase real estate whether it is for personal reasons or as an investment, subdividing the lot is always a way to make more money. In many areas you can only put two homes on a parcel of land.
What if the parcel of land is large like two acres? Well in that situation you would want to subdivide the land into two different lots. By subdividing the lot you now have two parcels of land, that can each have two homes on them. Depending on where you live, the number of homes able to be built on each parcel will vary. If you are buying a large piece of land and intend on putting more homes on it, I would definately check with your city's â€œzoning and planningâ€ department to find out exactly how many homes can be built and where they can be built. Things to look out for a marshlands and protected woods. If you are looking to educate yourself more on this topic/the world of real estate, or want an agent who is already educated in these areas, reach out to me personally
Written by: Robert Judy