Lost property? Why not subdivide and prosper

Currently renting your backyard out to grass and daisies? Why not turn under-utilised into monetised – G.J. Gardner points the ways

Subdividing expands your life options – it's that simple

Maybe you’ve thought about subdividing, but put the idea in the too hard basket?

Subdividing your existing section and building a new home gives you a range of options. You could

Sell the section, pay off your mortgage
Live in one house, sell the other
Live in one house, rent the other
Sell them both
Rent them both and go travelling!

Ideally placed to profit

Many older homes in New Zealand were built on large sites, and the houses were often positioned at one end or corner of the section in order to create a big outdoor space with a huge lawn and gardens.

But with today’s busy lifestyles, there comes a time when mowing lawns and trimming hedges gets in the way of doing the things you enjoy most.

If your home is on a large section, there’s a good chance you could build a second home on the same site – or relocate your old house and build several new ones.

Experienced nationwide homebuilder G.J. Gardner has a great deal of experience working with councils, surveyors, geotechnical engineers and such like, and the company has local knowledge as well so can confidently advise on the subdivision potential of your section.

With many houses on large, valuable sites, you may recover the cost of any development plus make a profit when you sell one or both homes.

So, what exactly does subdividing involve?

Subdividing is where land is divided into two or more lots and a separate legal title is established for each of the new sections created.

Can my section be subdivided?

Whether or not you can subdivide your section depends on a number of factors, but the key one is your local council’s district plan, which sets out rules about subdivision and the standards that need to be met.

Other factors are:

The size of your property
Condition of the land – slope, stability or prone to hazards (e.g. flooding, erosion or contamination)
Whether new services such as storm water or wastewater drainage is necessary or if existing pipes may need to be upgraded
Accessibility to the site, vehicle access, parking and manoeuvring
Financial viability of the project which is influenced by three broad costs:

Empowered thinking

These articles/links provide food for thought:

If you think this subdividing and prospering might be for you, call G.J. Gardner – the popular homebuilder offers a no obligation Property Development Appraisal to help assess the possibility of subdividing your property.

G.J. Gardner will guide you through initial assessment, project design, consenting, construction and post construction.