Property Surveys :: What they are and why you want one!

There are many steps during the homebuying process that allow the buyer to gain knowledge about the entirety of the land and the home they are purchasing. One of these steps is purchasing a survey. A survey allows the buyer to get exact measurements of the parcel of land and prepares a report that shares the property lines, restrictions of what can be built on the property, setbacks that may be present, and any easements that may exist. Easements are a right to use someone else’s land for a specified use. They are often owned publicly and used by the local community.  For example, an easement may be given to a utility company, so they can run power and cable lines on a property. A less public easement may involve two neighbors sharing a driveway in order to access the main road.

The cost of a survey varies based on the size of the lot, the complexity of the survey, and the location. Because of the added cost, many buyers rely on the old survey that the sellers obtained previously. This route is not suggested, as local laws may have changed that affect the property rights and often the perceived boundary lines of a fence or tree line are not the actual recorded boundaries. The surveyor will research the land records and other public files to make sure the surveyor is accurate and up to date.

Even if you are considering new construction, hiring a surveyor is crucial to verify the builders are following the zoning restrictions that have been set by the local government and HOA. Relying on the building contractor is not advised, as they are not land surveyors.

When choosing to embark on the steps of purchasing or listing a home, The Peters Company is here to assist throughout each phase.

 

  • Claire Conarro

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