Cost Of Subdividing Land - Anyone Have Examples?
I have discovered an 8 acre piece of land in Harrisburg, PA with a brick ranch fixer-upper on it.
The cost of the property is much more than what the rehabbed home/land would go for. But I thought if I'd divide the land in 2 or 3 lots, there would be a good profit and I've considered building my own home on one of the lots.
HOWEVER, I have NO, and I mean NO idea what subdividing costs to know whether this idea would fly.
Does anyone have any examples of what a subdivision might cost or even where I could get the answer to such a question? ...Thanks in advance!
Call a local surveyor. They are involved anytime a property is divided, and do this all the time.
Before you contact a civil engineer, I suggest you look at the current zoning ordinance to see, eg, what the minimum lot size, min lot width and other requirements are for the current zoning of the property. There are other issues as well, such as whether the property can access public water & sewer, floodplain, wetlands, etc. Suggest you start with the zoning and then contact a local civil engineer. Before you submit any purchase offer, however, I would suggest you have a RE attorney prepare the agreement with the customary subdivision/development contingencies in it. You don't want to have to close on the property until/unless you have the approvals/permits you need.
But if we assume that 8 acres is big enough to subdivide into 2 lot s(and it is in my township) and the well and septic are OK and assuming an attorney is used for contingencies, etc. ...does anyone have a clue or an example what the actual subdivision ONLY would cost (my only question really)?
Now, Im not talking about the cost of running sewer lines, tapping water mains, building roads/cubs or anything else ...JUST the subdivision.
With an example or two of the cost of subdivision, I will be armed with SOME info when I look at the tax/zoning/util map to know wether to look into it or not.
THanks folks! ...Tony
Tony
I can not say about the cost in your area. I am in California. If all you want to do is take a lot and divide it into 2 lots, you can probably get a surveyer to do if for less than $1000. That is he/she will give you a map that you can record and if the map is accepted, by the county, you now have 2 lots and 2 Assessor's parcel numbers.
Do not be fooled by the $1000 I quoted above. Check with the county before you have anything done. In Los Angeles County California, there is over $10,000 in fees the county wants just to process your application for a lot split. If there is a county planning commission, check with them as to the total amount of money necessary to get the map of the 2 lots files.
Good Luck
Bob Ford
Hey, just wondering, did you eventually acquire that property and succeeded with your lot dividing into 2?