Have Fun - Can property sub division be fun?

Sub dividing your property can benefit you immensely. Especially if you have a relatively large garden that you don’t spend a great deal of time in and that’s just becoming a hassle to maintain anyway. Property Sub division is a growing trend amongst home owners due to its potential benefits of yielding a increased income.

There are a few points to take into consideration though before pursuing particular options.

Your Location

The first thing you need to do is to determine how you would like to sub divide your property and how much land is available.
Also find out it you can sub divide and if there are any restrictions in your specific area regarding sub division.

What Are Your Options?

There are many options to choose from once you have decided to sub divide. Here are just a few of them:

  • Sub divide the land, keep your house and sell off the plots
  • Sub divide the land, build on the property and keep your house
  • Sub divide the land, keep your house and build on the land to rent out the house or flat to yield a monthly additional income.

When you have made the important decision of how you would like to sub divide, you will also have to make a few more decisions. For instance….What are people interested in?? What kind of structure should you build that will yield the most income for you?

Also to be taken into consideration is the style of the building. You don’t want to build a house/flats that are completely different in style to your neighborhood , it would stand out like a sore thumb. A good tip is to join up with a developer if you are planning to build on your land.

If you wish to sell the plot/plots, a good estate agency such as Drake Property Consultants can be of great assistance to you. We can also help you to find a developer if needed.

If you have any further queries please feel free to contact us on : 044 884 0987

Article by: Drake Property Consultants