When it comes time to sell or re-arrange your life, getting maximum value from your land asset is important.
We work closely with clients from the initial feasibility concept of subdividing part of the farm or lifestyle block right through to the final sale. Maybe it’s something you are weighing up the pro’s and cons of? We’ve outlined below what the process might look like. Take a read and then give one of our experienced team a call for a no obligation chat and pick our brains.
Recent Subdivisions we have been involved with from start to finish include:
Rongotea: a 3 lot rural-lifestyle subdivision
Makino Rd, Feilding: A 12 lot subdivision off an existing dairy farm
Taonui Rd, Colyton: A 9 lot subdivision from an existing bull farm
The Subdivision Process
- Feasibility study / draft budget
- 4-8 weeks
- Scheme Plan developed with assistance of a Surveyor
- 6-10 weeks
- Resource Consent Application submitted to/granted by the local Council
- 20-40 working days
- Site construction commences
- entrance ways formed to consent requirement
- New boundary fences built
- Services installed – some or all of power, water, communications
- Marketing can commence during this phase of the process. Having new fences up prior to marketing can help purchasers better visualise what it is they are buying
- Allow 10-12 weeks+, getting Contractors on site is half the battle!
- Final Survey prepared
- Section 223/224(c) Approval from the Council – confirming that the Consent conditions have been met and any special provisions noted
- Land Transfer Survey and lodged with Land Information NZ (LINZ)
- Solicitor applies for and obtains new titles
- So if you add up all these timelines you will see the entire process can easily take one year or longer. Along that journey there will be various costs to meet, with the biggest chunk of this from Stage 4 onwards. You can opt to take things through to the Consent stage, and then have 5 years to complete the process