Building an Home Extension

Downsize Your Property, But Not Your Home: Subdividing Your Land After Retirement

Retirement might be fast approaching, or it might have already happened. The kids have long left the nest, and the thought of downsizing your home might have started to creep into your mind. But what if you're perfectly happy with your home? It might have been a perfect family home, and while you might not necessarily need the extra space, it could still be a perfect home during your retirement years. While you might not much like the idea of downsizing your actual home, you could consider the possibility of downsizing your property. Have you thought about retaining your home while subdividing any excess land?

Size and Demand

The suitability of such a plan depends on whether your land is of a sufficient size to create a subdivision, as well as whether demand exists. Examine the development of subdivisions in your area, paying attention to how long it took for the plots to be sold, along with the prices these plots sold for. This can be a helpful means of gauging demand.


While you might have the necessary space, you might not have space that is suitable for subdivision (or at least, not at the level you initially thought). It can be prudent to hire a land surveyor who can definitively determine the suitability of the land. It might be immediately evident that not all of your property is suitable (such as if a considerable portion of the land is sloped), but professional surveying will let you know just how many lots your property can realistically be divided into, in line with zoning regulations for the area.

Financial Obligations and Liabilities

In addition to professional surveying, you should also consult an accountant to determine your financial obligations, both in regards to any upfront outlay for beginning the subdivision process as well as any ongoing tax liabilities. It might be that your profit margins will be slimmer than you first thought.

Selling or Retaining Ownership

You also need to carefully weigh up the pros and cons of simply selling the land to a developer and allowing them to proceed or of retaining control (and ownership) of the project. The latter option allows you to construct dwellings on the subdivided lots for the specific purpose of becoming rental properties, giving you additional funds for your retirement years. Again, you need to be mindful of your obligations and liabilities.

While you might not want to downsize your home, you could certainly think about downsizing the land on which it sits.

About Me

Building an Home Extension

Hello, my name is Wendy and this is my construction blog. I do not work in the construction industry myself, but I have spent the last 7 months of my life with construction workers and contractors as they designed and built an extension to my property. I had always dreamed of extending my home so we could enlarge the kitchen and have an additional bedroom on the second-floor. My husband always objected, but when I won some money on the lotto, he couldn't stop me. The contractors were really great and I got a real insight into the industry so I decided to start this blog.

Latest Posts

The Ultimate Guide To Concrete Cutting Services
8 February 2024

Concrete may at some point require precise alterat

Why You Need to Reseal Your Driveway Asphalt Regularly
30 November 2023

One of the first things that guests notice when th

Building the Coolest Room to Store Your Food
24 August 2023

Are you tired of throwing out spoiled food and was

Steel Fixers: The Reinforcing Heroes of Construction
17 May 2023

When it comes to construction projects, the role o