With smart planning and development, a piece of land that is subdivided may become a much more profitable asset than before. At the same time, much risk is taken on when a plot of land is subdivided, as a lot of uncertainty is added to the mix during the process. Getting a valuation on the land after subdivision and development can allow one to reconfirm the strength of their assets and see if the ordeal was worth it.
Romeo Property Valuers are experts in valuating land, including land that has been subdivided and redeveloped. We can help you find out if your subdivided plots are more profitable now than they were as a single block of land, and potentially offer advice.
Romeo Property Valuers is staffed with highly qualified Registered Property Valuers combining over 50 years of property valuation experience. We are experienced and have completed many deceased estate valuations in Sydney.
The Director, Vincent Romeo, sits on the Board the Australian Valuers Institute and acts as an advisor and mentor to many Registered property Valuers throughout NSW.
Romeo Property Valuers have acted for many Private, Corporate and Government clients in their tenure as one of the leading Valuation firms in NSW enabling Vincent Romeo an opportunity to offer his property valuation expertise on Channel 10’s popular lifestyle show “The Living Room”.
Other than being highly accredited as Registered Property Valuers throughout NSW we have an extensive range of knowledge and experience in the Property Analysing process and pride ourselves on delivering comprehensive property analysis and subsequently reliable and accurate property valuations. We are constantly observing and educating ourselves with the trends and changes in the market in order to make sure your property valuation is accurate, precise and reliable.
To make an informed property purchase or else in order to obtain solid returns on your home’s equity, you require accurate and realistic data. We strive to deliver market-leading strategic and innovative property advice using state-of-the-art valuation and information technology systems in order to enable you to make informed financial decisions.
While a piece of land may have been used for a single purpose before, a subdivided plot of land may have gained new purpose, potentially becoming 2+ streams of revenue. This all depends on how it is developed, however, and a proper valuation is needed to be certain.
There is no need to pay Capital Gains Tax for simply subdividing a plot of land, but profit-motivated use of subdivided land may change how you are taxed for the land. It is best to consult with the Taxation Office on this.
While homes in subdivided land are not inherently more valuable, they may be able to maintain value better during down markets. Get a professional valuation to find out for sure.