By Kerryn Penn, Planner, Baseline Group | Feb 01, 2022
At some point in your life you may find yourself inheriting land from a recently passed loved one or from a distant relative.
For some beneficiaries, the next steps are straight forward, however for others this process can be quite daunting. Emotions associated with the loss of a loved one and the additional sentimental connection to the inherited land, can make the legal and practical requirements of the inheritance stressful. Often knowing where to start can be the hardest part of the process. This is when it is strongly advised that you contact a land professional, such as a planner who is appropriately equipped to provide you with expert advise tailored specifically for you.
Often the same question is asked by the beneficiary- “Do I sell or keep the land?”. Both options are valid, and should be considered against their own merits in respect to your individual situation.
Selling the land can be a fairly practical and lucrative opportunity, especially if you have other family members who are beneficiaries. By doing this, you are also free from having to maintain the property and make additional future orientated decisions.
Keeping the land, is a process commonly referred to as ‘land banking’ in which the beneficiaries can keep the land and either choose to develop at a later time or sell when the monetary value of land is higher.
Another option, may be that you want to subdivide and develop the land, in which case a land expert such as a planner can be involved. Majority of individual-led development is residential, typically because the end product - being dwellings - generates larger volumes of interest from prospective purchasers.
Regardless of the development you choose to undertake, a planner is able to guide you through the development process due to an array of skills in their toolbox, including but not limited to their expert body of knowledge, local expertise within the property market, and awareness of central and local government decisions. These factors equally contribute to their ability to identify the opportunities as well as the restrictions your inherited plot of land may have and what steps need to be taken to achieve the best outcome for you.
Articles you might be interested in
- Indigenous Biodiversity: what does it mean for a farmer?
- Have your say on Development Projects
- Understanding Zoning and Density Rules in Selwyn
- Rivers, Lakes and Coastline, Public Space for All
- Flood Management | Changes in Selwyn
- The importance of knowing your boundaries
- Rural Allotment Sizes set to Double
- Cross lease titles - an overview
- Selwyn District Council Changes Urban Allotment Sizes
- But that’s the way we have always done it!
- New Indigenous Biodiversity Legislation Mandates Significant Natural Area Identification
- Subdividing – The Basics
- The National Policy Statement for Natural Hazard Decision-Making and its effects on Resource Consents
- Highly Productive Soils – Big Picture Thinking vs Private Landowners Needs
- Time matters – With Resource Consent
- Crunch Time For New Freshwater Legislation
- The costs of subdividing hitting Selwyn | development contributions
- District Plan in Selwyn – How will it Affect You?
- A recent Baseline Group project was recognised at the 2022 Canterbury Architecture Awards
- Ensuring Compliance with Resource Management Laws
- Buildings under exemptions may still need resource consent
- Housing Growth continues in Selwyn with Legislative Support
- How lizards might affect your new development
- Managing Waterbodies on Your Property: What Landowners Need to Know
- With increasing density, good design matters
- How Tree Canopies Transform Neighbourhoods and Enhance Lives
- Navigating Prior Engineering Acceptance for Urban Developments in Selwyn
- Land Development opportunities and times of change
- The Role of Planning in the Climate Change - Discussion for Agriculture
- State highways, noise and reverse sensitivity: what’s the buzz?
- Tiny Home Revolution May Not Save Costs
- The Great Forestry Debate
- What does your zone mean for you and your property?
- Change isn't coming, it's here!
- Minimum car parking requirements to be chopped
- Outstanding Natural Features and Landscapes - effect on farming
- What does a professional planner do?
- Back to Basics for the RMA Reforms
- Housing Intensification – Not for Everyone Says CCC
- What does The Selwyn District Plan (appeals version) mean for the planning process and consent?
- Going for housing growth, to improve housing affordability
- Your Rights as an Affected Neighbour: Navigating Development Under the RMA
- Wild Weather and Resource Consent Requirements
- Cross Lease Titles
- Boundary disputes – What are they and how can you resolve them?
- Rural allotment sizes set to double in West Selwyn
- Confused by Environmental Legislation? You are Not Alone.
- Game changers for housing under the RMA
- Managing Wastewater in Rural Canterbury: A Guide for Property Owners
- Is it a Wetland or Not?
- Commercial Activity in a Rural Zone – What’s the Harm?
- A Practical Guide for District Plan Reviews
- Why we have complicated septic tank disposal rules
- Minimum Car Parking Requirements to be Chopped
- The Role of Planning in Land and Property Development
- Councils are Increasing Residential Density, but why, who does it benefit?
- Risks to farmland in the planning framework
- Managing Cultural Heritage Sites
- The rise or fall of rural lifestyle blocks in the Selwyn District?
- Proposed Selwyn District Plan Update
- Good District Plan provisions save time and money
- Who Shapes our Planning Rules?
- Highly Productive Soils – Big Picture Thinking vs Private Landowners Needs
- Make Your Additional Land Profitable Under the Selwyn Proposed Plan
- Crime Prevention Through Environment Design (CPTED)
- Balancing Common Sense and Legal Process under the RMA: Protecting Communities and the Environment
- Our History - How We All Play a Part in its Protection
- Time's up on the RMA
- RMA changes are coming, are you ready?
- The Taking of Esplanades at the Time of Subdivision
- How to navigate Rural Land Development Under the National Policy Statement on Highly Productive Soils
- Burning crop stubble on your property?
- Negotiating with Neighbours Under the RMA
- Planning land use to be resilient to natural hazards
- Planning Rules can Affect Property Value
- Fundamental Culture Shift in New Zealand Planning Legislation.
- Spotlight on District Plan Provisions
- Importance of Sediment Management in Land Development Projects: Simple Techniques for Effective Sediment Runoff Control
- The impact of consent notices when purchasing land
- Is planning the cause of red tape for land development?
- Changes to Resource Management Planning Signalled in Proposed Legislation
- Submissions to a Resource Consent by Affected Parties
- Tiny Homes and Granny Flats
- Build-to-Rent Development in New Zealand: A Rising Trend in Housing
- Proposed Selwyn District Plan - What next?
- Flood Management – An Update
- Who Pays for Infrastructure in Greenfield Land Development?
- How might Development Contributions affect you?
- The dream of subdividing your land
- Is the RMA really the problem?
- Hazardous activities, land contamination and resource consent applications
- What does an activity status mean for your land development?
- Navigating New Opportunities: The Importance of Land Development Planning in 2024
- Planning Permissions – Resource Consent or Plan Change?
- A New Dawn for Granny Flats and Accessory Dwellings
- Historic Heritage Challenges for Landowners