Everything you need to know about surveys
Surveys are an important aspect of real estate transactions, as they help to determine the exact location and boundaries of a property, as well as any potential issues or encroachments that may affect the property’s value or marketability. Here is everything you need to know about surveys in how it pertains to real estate:
Types of Surveys:
- Boundary Survey: This type of survey involves determining the exact location of a property’s boundaries, including any encroachments or potential boundary disputes. The survey is conducted by a licensed surveyor and the results are used to create a legal description of the property.
- Topographical Survey: This type of survey involves mapping the contours of the land, including any hills, valleys, or other natural features. Topographical surveys are often used in the planning and design of new construction projects, as well as to identify potential drainage or erosion issues.
- ALTA/NSPS Survey: This type of survey is a detailed survey that meets the standards set by the American Land Title Association and the National Society of Professional Surveyors. It provides a comprehensive view of the property, including its boundaries, improvements, easements, and any potential encroachments.
- Flood Zone Survey: This type of survey is used to determine whether a property is located in a flood zone and is therefore subject to flood insurance requirements.
Why Surveys are Important:
- Property Boundaries: Surveys help to determine the exact location of a property’s boundaries, which is important for establishing ownership and avoiding boundary disputes.
- Encroachments: Surveys can identify any encroachments, such as a neighbor’s fence or building, which could affect the property’s value or marketability.
- Easements: Surveys can also identify any easements or rights-of-way that may exist on the property, such as a utility easement, which could affect the property’s use.
- Construction: Surveys are often used in the planning and design of new construction projects, as they can identify potential issues such as drainage or grading problems.
In my professional opinion, every transaction is different and should be treated as such.
If you are in a new construction neighborhood and the lines are plainly visible, this would be treated differently than a large plot with multiple acres of wooded land. In some instances, a metal detector can resolve any uncertainty.
I would love to help you too!
Marcus Walker, BCCS – Waters Edge Realty
Baldwin County Certified Specialist