One of the key steps in purchasing property is getting a survey. A survey is a detailed map that shows the boundaries of the property, the location of improvements such as buildings, fences, and driveways, and any easements or encroachments that may affect the property.
Four reasons why getting a survey is an important step:
- Boundary Issues: A survey can help identify boundary issues that could affect the property’s ownership or use. For example, if a neighbor’s fence or shed is encroaching on the property, it could lead to disputes down the line.
- Uncovering Unrecorded Easements: A survey can help identify unrecorded easements that could impact the property’s value or use. For example, if there’s an easement that allows a utility company to access the property, it could affect the property’s marketability.
- Detecting Improvements That Are Not Permitted: A survey can also help identify any improvements that are not permitted or violate zoning ordinances. These could include buildings, fences, or other structures that encroach on setbacks or other required spaces. This information can help the buyer negotiate with the seller or the municipality to rectify the issue before closing.
Getting a survey before purchasing a property is a crucial step in the due diligence process, and can identify potential issues with the property’s boundaries, easements, or zoning.