If you have a mortgage, Yardsworth will help you obtain written approval from your lender to grant a partial lien release, based on your new property line.

In some cases, your lender may require that part of the Land Purchase Price go to paying down the mortgage before they approve the sale.

There is no fee, no risk, no credit check, and no obligation to get an offer from Yardsworth. It’s quick and easy to find out how much you can earn.

Your property will be smaller following the split, which causes a slight drop in home value, usually around 5% to 10%.

The lot split won’t affect property taxes, although you can request to have your property reevaluated following the split to see if you’ll owe less.

SB 9 should not affect a property’s Prop 13 status, but it will reset when a lot is sold.

Disclaimer: Yardsworth does not provide tax and accounting services and makes no guarantees. Please speak with a tax and/or land assessment professional.

No, your utility bills will only apply to your home and will not be affected by any home built on the lot you sold.

Construction timeline can vary, but Yardsworth and it’s builders try to complete construction as fast as possible; the longer construction takes, the more it usually costs. So, we’re always aligned to complete it as quickly as possible.

No, the purchase of your yard is your money to keep. It is not a loan. Use it to pay down your mortgage, for college tuition, to buy a boat, take a vacation, or anything else you’d like to do! Once the transaction is complete, we’re simply neighbors.

No, Yardsworth never shares in any appreciation of your home value. The value and upside of your home is (and should always be) only yours!

Yardsworth creates private access to the new lot – typically through a side setback or alleyway. We also ensure your privacy by building new fencing on the lot line.

It will be occupied either by a new owner or long-term, qualifying tenants. Vacation rentals like Airbnb are not allowed.

Of course. But, it can cost $50,000 – $80,000 to simply split a lot. These are fees that go to the city and other required 3rd parties. If you pre-sell your land to Yardsworth, however, we pay for all of these fees. In other words, Yardsworth will pay for the opportunity to provide you with 6-figures of income.

Varies depending on the city but it usually takes between 4-6 months working with the city to “create” the new lot so that it can be officially purchased from you.

Once approved by a lender, you shop for the home of your dreams with the help of your Yardsworth Concierge, who will help you tour homes that qualify.

You submit an offer to a seller, do inspections, your lender funds your loan and you pay your ~5% down payment (whether from cash you have, a gift from family, or a 401(k) loan).

After you close on your new home, we refund your down payment.

We then split off and buy a portion of your yard in exchange for the down payment and paying down your mortgage.

If you bought a $1M home, you may end up with an $850,000 mortgage and a smaller yard, saving you hundreds of thousands of dollars over the lifetime of a 30-year mortgage.

• It becomes a separate and private lot. We then build either a new single-family home or a duplex.

We need 1,500 to 2,000 square feet in the yard so that there’s enough space on which to build. The state, however, requires the subdivision to be a 60/40 split (which includes part of the backyard and an access path, etc.). Your dedicated Yardsworth Concierge will outline how this will work on the home you choose to buy.

In almost every case, yes. We install privacy fencing on the new property line. Keep in mind that you’ll still have neighboring homes on the sides and behind your property, as before.

With a smaller parcel, we expect the value to be slightly lower. Generally, appraisers agree that your property value should decrease 5% to 10% after the lot split. The good news is that, since you’re receiving ~15% from Yardsworth, you should come out ahead.

In this rare case, the lot would not get split and you would keep the entire property including all of the yardspace. Yardsworth would still own a % of your home based on the amount of your down payment refund plus any expenses directly associated with the subdivision application. Rest assured, you won’t owe us anything until you sell the house.

Because Yardsworth is paying for a portion of your land, it should be considered a “return of basis” from a tax perspective, meaning there may be no taxable gain on the sale of land – and therefore no tax on the sale.

Disclaimer: Yardsworth does not provide tax and accounting services and makes no guarantees. Please speak with a tax and/or land assessment professional.

Yardsworth creates access to the new lot – typically through a side setback (or alleyway, if applicable). We also ensure your privacy by building new fencing on the lot line. In most cases, both your lot and the new lot will share easements to ensure both access and maintenance are possible.

It will be occupied either by a new owner or long-term, qualifying tenants. Vacation rentals like Airbnb are not allowed by us – or by state law.