Friday, July 2, 2010

Surveys - The Necessary Expense

All too often, surveys are deemed an unnecessary expense. However, surveys should always be done prior to your purchase.

Why? What does a survey reveal?

A survey will tell you whether the house violates any set back requirements. A survey will locate the house on the lot and will locate all fences. It will show if there are any encroachments on the lot you are buying, and will also show all easements on the property.

If your description is by metes and bounds and not a lot in a subdivision, a survey is an absolute necessity. The record description of the property should be surveyed to see if the seller’s description is correct and can be located on the ground and is congruent with all surrounding property lines.

The survey will tell you if the property you thought you were buying is the property on the survey. The survey will tell you exactly where the home and other out buildings are located on the property to be purchased.

The expense of a survey is minimal compared to the information obtained. Additionally, if a survey is done at the time of purchase, you will know exactly where the lot corners are. If you later want to construct a fence, then you will know where the boundary is located.

For more information, visit our website at http://www.showspowell.com/.

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