Understanding Parceling in Real Estate Development

Parceling is a process of dividing a larger piece of land into smaller sections or plots, which can then be sold or developed separately. This process is commonly used in real estate development, where a large tract of land is subdivided into smaller parcels to create individual lots for homes, businesses, or other structures.

The purpose of parceling is to make the land more manageable and valuable, as it allows developers to sell off individual plots to different buyers, rather than having to sell the entire tract of land at once. This can also help to increase the overall value of the property, as each parcel can be developed and improved separately.

There are several types of parceling, including:

1. Residential parceling: This involves dividing a large tract of land into smaller parcels for residential development, such as single-family homes or townhouses.
2. Commercial parceling: This involves dividing a large tract of land into smaller parcels for commercial development, such as office buildings, retail stores, or restaurants.
3. Industrial parceling: This involves dividing a large tract of land into smaller parcels for industrial development, such as factories, warehouses, or distribution centers.
4. Agricultural parceling: This involves dividing a large tract of land into smaller parcels for agricultural use, such as farms or orchards.

Overall, parceling is an important process in real estate development, as it allows developers to create valuable and manageable pieces of property from larger tracts of land.