A new survey can bring issues to light concerning the property so that they may be addressed before closing.
It was never more important to have your future home investigated. It is almost impossible, in these tough times, to know if you’re getting what you’re paying for alongside all the red tape that is involved in buying a home.
You will be able to test your property at any time, but most likely, you should employ an inspector when you purchase or build a home. The majority of mortgage companies need an immovable survey to check that the property is worth the loan’s income. The property survey, however, is not always valid. Some mortgage lenders have title policy insurance satisfaction.
Here are just a few things a survey may uncover:
• Are there any easements (rights of others to use your land), and if so, where are they located?
• Are there any setback lines, and if so, are they violated?
• Are there any wetland or tideland areas, and if so, where are they located?
• Are all of the improvements (buildings, fences, pools, driveways) located within the legal boundaries of
• Do any of the neighbor’s improvements encroach onto the land (cross over the boundary line)?
• Does the property have legal access to an open street?
• Are there any shared driveways or party walls?
• Are your future subdivision or development plans for the land (additions, pools, sheds) possible?
• Are what you believe to be the property boundary lines (fences, tree lines, walkways) actually located on the right boundary lines?
An inspector investigates the property before even looking at the house. You can look at the context, which will include a quest for the title. This quest for the title policy ensures that there are no disputes as to who owns the land. Any property survey starts with inquiries into legal explanations of the area and its past.
The surveyor then goes to the property and maps the land, its borders, and the various elements that constitute your property. The fieldwork is called this.
After inspection, they will include a form of map that outlines the legal limits of the land. The survey should also include a detailed description of the house, the street address, the building position and adjacent property, and any changes that may be made to the land by the landowner.
An immobilities survey also covers elements such as roads and services. Here are the details about shared yards or driveways, or that your neighbor has a right to access your homes on the street or lane.
How Much Does It Cost?
You will be happy to have a free cost estimate for your property survey. Different factors play a role in deciding the expense of the survey, including the surveys, the land type, and the availability of documents and monuments.
Not all surveys require a map until they are completed. If all you needed was your property lines and your corners marked, it would reduce your costs. Bear in mind that the price will change whether you need a map after it has been completed or if you need the fieldwork.
Some variables can help you to reduce costs when shopping for products. If one is registered at your local probate office, you can do your research and supply your deed to the surveyor and, where appropriate, an earlier plate in your section.
You can also lower costs by maintaining straight and unimpeded property lines before the land surveyors arrive. Due to the time needed for most surveyors to complete the survey, they must reduce their time.
Without a survey, your title policy will not cover things that a survey would reveal. The cost of a survey is small relative to the valuable investment you are about to make. The bottom line is that a survey shows you what you are really buying.