Prospective home buyers think it may be a waste of money to purchase a new property survey. It is important to contract for a new survey if there is none available. Don’t you want to know specifically what you are buying? Purchasing a home is the largest financial decision made by most people. Acreage and raw land may have ambiguous markers. Fences have been known to have been moved or removed. A new home may have a zero lot line that may not be evident to a consumer’s eye.
A property survey conveys crucial information at the time of contract and future changes you may wish to make to your land.
- Location of utility easements – As simple as this may sound, prospective buyers have asked why these easements are necessary! In order to have electric, gas, water, cable, internet, etc., utility easements are necessary. Location of the utility easements let you know not to pour new concrete for a gazebo over your gas lines! This is also required access for utility companies.
- Property parameters – Does the driveway overlap onto the next door neighbor’s property? Property lines verify the length/width of the easement between your home and the public access (street or road). Property lines also differentiate your neighbors property, side to side and in back, from your property.
- Fence lines – If your neighbor contracted to install a fence overlapping onto your backyard, a survey is integral to protecting your rights. A survey can also verify fence ownership.
- Location of septic tank lids and wells – knowledge for inspection, maintenance and access.
- Location of improvements – house, concrete for sidewalks, driveways, patios, outbuildings, and any other structures. Gravel drives and walkways, as well as fences are noted.
The survey date is important if changes have been made – additions as well as deletions to the property since the date of the last survey. A form T-47, Residential, Real Property Affidavit can be used to verify no changes have been made to the property when a sale is transacted. A survey protects your rights. A professional Realtor® or real estate attorney can guide and direct you for protection of your best interests.
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