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Updated almost 12 years ago,

User Stats

60
Posts
8
Votes
Jodi M.
  • Real Estate Investor
  • Iowa
8
Votes |
60
Posts

What are the steps for subdividing?

Jodi M.
  • Real Estate Investor
  • Iowa
Posted

We are looking at a 19 acre plot of land with a house on it. We would like to puchase the land which is in 2 tracts being sold together at an auction. There is a 1 acre trac with the house and an 18 acre trac with a beautiful area to build surrounded by mostly timber. Our goal is to rehab the house and sell it with the 1 acre then subdivide the other 18 keeping about 10 to build a house for ourselves, 1 to build a spec house and divide the rest into in a couple lots that range from 1-3 acres.

What are the steps we need to take in order to subdivide? The property is located about 2 miles outside of the city limits. I know the land has to be surveyed, a road will have to be put in (unless we can get permission to use a driveway already in place). Are there any permits we need? We want to have the details worked out before we bid on the house in order to know high to bid.

Thanks!

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