It is essential to have a detailed property survey done that will provide important details about the property. This is a step that many home buyers do not take but the benefits certainly outweigh the cost because property surveys are vital. An identification survey will indicate the boundaries of the property, lot size and description.
A property surveyor will research the property’s history and title to ensure there are no discrepancies as to who owns the property. The surveyor will then make a sketch of the land, its boundaries and various other elements that make up the property. They will provide a map which details the property's legal boundaries.
The survey will also include a written description of the property, the street address, the location of buildings and adjacent properties, and any improvements that can be made to the land.
The right property survey, done by a registered surveyor, offers a better understanding of the property before you commit buying.
Here are some of the reasons to protect your future investment with a property survey.
- To ensure the land described is what you’re paying for
- To eliminate disputes over boundary lines & corners
- To avoid issues with fences & buildings
- Reports on underground cables & drains
- Rights of way, easements & encumbrances
It may not seem like a big deal, but completing your due diligence when it relates to the identification survey can save you from making a very costly mistake, like building your home on someone else's land.